REG - NewRiver REIT plc - Dividend Declaration

Newriver ReitAnnouncement

27/11/2018 10:05

RNS Number : 6142I
NewRiver REIT PLC
27 November 2018
 


 
NewRiver REIT plc
 
("NewRiver" or the "Company")
 
Dividend Declaration
As announced, NewRiver's third quarterly dividend will be 5.4 pence per share in respect of the year ending 31 March 2019, which is a 3% increase on the third quarterly dividend from the prior year (5.25 pence).
This dividend will be paid as a Property Income Distribution (PID). The dividend payment date will be 8 February 2019 and the dividend will be paid to shareholders on the register at close of business on 28 December 2018. The ex-dividend date will be 27 December 2018.
Shareholders can receive additional new ordinary shares in the Company instead of their cash dividend, with no dealing charges or stamp duty incurred, under the Company's scrip dividend scheme. To receive the scrip dividend, shareholders need to make an election ahead of the dividend election date on 21 January 2019.   
Details of the price at which the new ordinary shares will be issued will be announced via RNS ahead of the dividend election date. Certificates in respect of the new ordinary shares will be despatched on the dividend payment date.
Scrip Dividend Scheme
At the Annual General Meeting held on 14 July 2017, shareholders approved the introduction of a scrip dividend scheme. Shareholders can receive additional shares in the Company instead of their cash dividend, with no dealing charges or stamp duty incurred.
To elect to receive additional new ordinary shares of 1 penny each in the capital of the Company 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.
Shareholders should read the scrip dividend scheme booklet, which contains the terms and conditions applicable to the scrip dividend scheme, before deciding to make an election. A copy of the scrip dividend 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
If shareholders have any questions, please call Link 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 Link Asset Services cannot provide any financial, legal or tax advice and calls may be recorded and monitored for security and training purposes.
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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 £1.4 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 21 conveniently located retail parks and over 600 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, while our active approach to asset management and in-built 1.8 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) and is a constituent of the FTSE 250 and EPRA indices. Visit www.nrr.co.uk for further information.
 
LEI Number: 2138004GX1VAUMH66L31
 
For further information




NewRiver REIT plc 
Allan Lockhart (Chief Executive Officer)
Mark Davies (Chief Financial Officer)
Will Hobman (Head of Investor Relations & Strategy)


+44 (0)20 3328 5800




 
 
 




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