NewRiver REIT PLC Scrip dividend reference price (7559U)
October 26 2017 - 11:06AM
UK Regulatory
TIDMNRR
RNS Number : 7559U
NewRiver REIT PLC
26 October 2017
NewRiver REIT plc
("NewRiver" or the "Company")
Scrip dividend reference price
The Company announces that the scrip dividend reference price
for the fully paid shares in the Company to be issued to
shareholders who elect to receive the scrip dividend alternative
for the second quarterly dividend for the year ending 31 March 2018
is 341.08 pence per ordinary share of 1 pence each.
The scrip dividend reference price is calculated from the
average of the closing middle market quotations for the Company's
ordinary shares as taken from the London Stock Exchange Daily
Official List for the five consecutive business days commencing on
the ex-dividend date. The ex-dividend date was 19 October 2017.
Scrip dividend
At the Annual General Meeting held on 14 July 2017, shareholders
approved the introduction of a scrip dividend scheme (the "Scrip
Dividend Scheme"). Shareholders can now receive additional shares
in the Company instead of their cash dividend, with no dealing
charges or stamp duty incurred. The second quarterly dividend scrip
alternative will be treated as a PID.
To elect to receive additional new ordinary shares of 1 pence
each in the capital of the Company (the "New Ordinary Shares")
instead of a cash dividend, shareholders need to log onto
www.signalshares.com and follow the instructions.
For certificated shareholders, the election will apply to all
future relevant dividends unless cancelled.
For shareholders who hold their shares in CREST, an election
will be required for each relevant dividend.
To receive the second quarterly dividend scrip alternative,
shareholders need to make the election ahead of the dividend
election date (the "Election Date") on 3 November 2017.
Shareholders should read the Scrip Dividend Scheme booklet (the
"Scheme Booklet"), which contains the terms and conditions
applicable to the Scrip Dividend Scheme, before deciding to make an
election. A copy of the Scheme Booklet can be found on the "Scrip
Dividend Scheme" web page within the "Investor Centre" section of
the Company's website www.nrr.co.uk.
Certificates in respect of the New Ordinary Shares will be
despatched on the dividend payment date (17 November 2017).
If shareholders have any questions, please call Capita Asset
Services on 0371 664 0321. Calls are charged at the standard
geographic rate and will vary by provider. Calls outside the United
Kingdom will be charged at the applicable international rate. The
helpline is open between 9.00 am - 5.30 pm, Monday to Friday
excluding public holidays in England and Wales. Please note that
Capita Asset Services cannot provide any financial, legal or tax
advice and calls may be recorded and monitored for security and
training purposes.
Ends
About NewRiver
NewRiver REIT plc (ticker: NRR) is a premium listed REIT on the
London Stock Exchange and a constituent of the FTSE250 and EPRA
Indices. The Company is a specialist real estate investor, asset
manager and developer focused solely on the UK retail and leisure
sector.
Founded in 2009, NewRiver is one of the UK's largest
owner/managers of convenience-led community shopping centres with
assets under management of GBP1.3 billion principally comprising 33
UK wide shopping centres, together with further nationwide retail
and leisure assets. The portfolio totals 8 million sq. ft. with
over 2,000 occupiers, an annual footfall of 150 million and a
retail occupancy rate of 97 per cent.
Visit nrr.co.uk for further information.
LEI number: 2138004GX1VAUMH66L31
For further information
NewRiver REIT plc
Mark Davies (Chief Financial Officer)
Allan Lockhart (Property Director)
Will Hobman (Head of Investor Relations) +44 (0)20 3328 5800
This information is provided by RNS
The company news service from the London Stock Exchange
END
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