NewRiver Retail Limited Director Dealing (6254T)
March 31 2016 - 2:01AM
UK Regulatory
TIDMNRR
RNS Number : 6254T
NewRiver Retail Limited
31 March 2016
31 March 2016
NewRiver Retail Limited
("NewRiver" or the "Group" or the "Company")
Director Dealing
NewRiver Retail Limited (AIM: NRR), the UK REIT specialising in
value-creating retail property investment and active asset
management, announces that it was notified on 30 March 2016 that
David Lockhart, an executive director of the Company, on 30 March
2016 instructed his pension providers to transfer 255,000 ordinary
shares in the Company ("Ordinary Shares") from his SIPPs to Mrs
Antonia Lockhart, for nil consideration.
At the same time, David Lockhart also instructed one of his
pension providers to transfer the remaining holding in that SIPP of
50,000 Ordinary Shares to his other SIPP account, for nil
consideration.
Following these transfers of Ordinary Shares, David Lockhart's
total beneficial holding in the Company is reduced to 1,485,000
Ordinary Shares.
-ends-
NewRiver Retail Limited Tel: 020 3328 5800
David Lockhart, Chief Executive
Mark Davies, Finance Director
Bell Pottinger Tel: 020 3772 2500
David Rydell / James Newman / David Bass
Liberum Tel: 020 3100 2000
Richard Crawley / Jamie Richards
Peel Hunt LLP Tel: 020 7418 8900
Capel Irwin
About NewRiver
NewRiver Retail Limited is an AIM listed REIT. The Company is a
specialist real estate investor, asset manager and developer
focused solely on the UK retail sector.
The management team, with over 100 years combined experience in
the UK commercial property market, actively engages with retailers,
stakeholders and consumers. NewRiver Retail is one of the UK's
largest shopping centre owner/managers with assets under management
of over GBP1 billion principally comprising 32 UK wide shopping
centres, further nationwide retail assets and a portfolio of 359
pubs with retail and mixed-use extension opportunities. The
portfolio has 1,765 occupiers, a total of over 7.0 million sq. ft.,
total annual footfall of over 126 million and a retail occupancy
rate of 97 per cent.
The Company's activities include active and entrepreneurial
asset management and risk-controlled development, utilising both
its own balance sheet and co-investment joint venture
structures.
Founded in 2009, NewRiver has become the UK's leading
retail-focused property investment business. The Company's shares
were admitted to London's AIM in September of the same year. For
more information on NewRiver, please visit www.nrr.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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