NewRiver REIT PLC Director remuneration and Trussell Trust support (4168K)
22 Abril 2020 - 01:00AM
UK Regulatory
TIDMNRR
RNS Number : 4168K
NewRiver REIT PLC
22 April 2020
NewRiver REIT plc
("NewRiver" or the "Company")
Director remuneration and supporting the Trussell Trust
As an owner and operator of community assets throughout the UK,
NewRiver has experienced first-hand the very significant impact
that the Coronavirus (COVID-19) pandemic has had on people across
the country. NewRiver has also seen the extraordinary contributions
made by our teams, customers, occupiers, advisers, and other
stakeholders, to support those who are most in need.
In recognition of these circumstances, NewRiver is today
announcing that its Board of Directors will be waiving 20% of their
base salaries or fees for three months effective from 1 May 2020,
which will be donated to NewRiver's corporate charity partner, the
Trussell Trust. The Trussell Trust's vital work supports over 1,200
food banks across the UK, while campaigning to ensure everyone can
afford their own food. As the pandemic unfolds, more people than
ever are expected to need a food bank. This donation will help the
Trussell Trust continue to support food banks to ensure people in
financial crisis are able to access emergency food and support
during these challenging times.
NewRiver's partnership with the Trussell Trust began in June
2019, and to date the Company has donated close to GBP100,000 to
support its efforts. In addition, NewRiver staff have volunteered
at Trussell Trust sites, food collection points have been installed
across NewRiver's shopping centre portfolio, and our assets have
been made available for storage, awareness campaigns and volunteer
recruitment. In challenging circumstances, the Company continues to
work with all its stakeholders to support local causes and
communities to ensure our assets meet the needs of the people they
serve.
For further information
NewRiver REIT plc +44 (0)20 3328 5800
Allan Lockhart (Chief Executive)
Mark Davies (Chief Financial Officer)
Tom Loughran (Head of Investor
Relations)
About NewRiver
NewRiver REIT plc ('NewRiver') is a leading Real Estate
Investment Trust specialising in buying, managing, developing and
recycling convenience-led, community-focused retail and leisure
assets throughout the UK.
Our GBP1.3 billion portfolio covers 9 million sq ft and
comprises 33 community shopping centres, 25 conveniently located
retail parks and over 700 community pubs. Having hand-picked our
assets since NewRiver was founded in 2009, we have deliberately
focused on the fastest growing and most sustainable sub-sectors of
the UK retail market, with grocery, convenience stores, value
clothing, health & beauty and discounters forming the core of
our retail portfolio. This focus, combined with our affordable
rents and desirable locations, delivers sustainable and growing
returns for our shareholders over the longer term, while our active
approach to asset management and in-built 2.3 million sq ft
development pipeline provide further opportunities to extract value
from our portfolio.
NewRiver has a Premium Listing on the Main Market of the London
Stock Exchange (ticker: NRR). Visit www.nrr.co.uk for further
information.
LEI Number: 2138004GX1VAUMH66L31
About the Trussell Trust
-- We're here to end the need for food banks in UK.
-- We support a UK-wide network of more than 1,200 food bank
centres and together we provide emergency food and support to
people locked in poverty, and campaign for change to end the need
for food banks in the UK.
-- Our most recent figures for the number of emergency food supplies provided by our network: https://www.trusselltrust.org/news-and-blog/latest-stats/
-- You can read more about our work at trusselltrust.org
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END
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