TIDMNRR

RNS Number : 1738W

NewRiver REIT PLC

08 December 2023

NewRiver REIT plc

("NewRiver" or the "Company" or the "Group")

EBT Share Purchase Programme

NewRiver announces that Computershare Trustees (Jersey) Limited (the "Trustee"), as Trustee of the NewRiver REIT plc Employee Benefit Trust (the "EBT"), has purchased 2,749,410 ordinary shares of one penny each in the Company as follows:

 
 Date         Number of Ordinary   Purchase Price   Purchase Price 
                          Shares                         Per Share 
 01/12/2023               70,000        GBP60,900         GBP0.870 
             -------------------  ---------------  --------------- 
 04/12/2023            2,679,410     GBP2,353,513         GBP0.878 
             -------------------  ---------------  --------------- 
 TOTAL                 2,749,410     GBP2,414,413         GBP0.878 
             -------------------  ---------------  ---------------

Following this transaction the EBT balance, once the trades are settled, will be 3,500,764 ordinary shares of one penny each (representing 1.12% of the Company's issued share capital) which are held unallocated by the EBT.

These purchases mark the completion of the EBT Share Purchase Programme to satisfy existing, planned and anticipated exercises of awards under the NewRiver employee share schemes or as otherwise permissible within the terms of the EBT Trust Deed. The EBT is a discretionary trust for the benefit of all the Company's Employees.

Ends

 
                                                     +44 (0)20 3328 
     NewRiver REIT plc                                5800 
     Allan Lockhart (Chief Executive) 
      Will Hobman (Chief Financial Officer) 
 
 
                              +44 (0)20 7251 
     FGS Global                3801 
     Gordon Simpson 
      James Thompson

About NewRiver

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK.

Our GBP0.6 billion UK wide portfolio covers 7 million sq ft and comprises 26 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services. Our objective is to own and manage the most resilient retail portfolio in the UK, focused on retail parks, core shopping centres, and regeneration opportunities in order to deliver long-term attractive recurring income returns and capital growth for our shareholders.

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

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END

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(END) Dow Jones Newswires

December 08, 2023 03:21 ET (08:21 GMT)

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