REG - NewRiver REIT plc - Transaction in Own Shares and Total Voting Rights

Newriver ReitAnnouncement

Yesterday 18:30

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RNS Number : 2515V  NewRiver REIT PLC  13 August 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR
JAPAN OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT IS FOR INFORMATION
PURPOSES ONLY AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN
OFFER TO SELL OR ACQUIRE SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA,
THE REPUBLIC OF SOUTH AFRICA, JAPAN OR IN ANY OTHER JURISDICTION.

 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE
INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO.
596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018, AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019 (AS FURTHER AMENDED, VARIED OR SUBSTITUTED FROM TIME TO TIME
AS A MATTER OF UK LAW). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA THE
REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO
BE IN THE PUBLIC DOMAIN.

 

NewRiver REIT plc

("NewRiver" or the "Company")

 

Transaction in Own Shares and Total Voting Rights

 

Further to NewRiver's announcement earlier today, the Company confirms that it
has purchased, through Panmure Liberum Limited, 47,708,400 ordinary shares in
the capital of the Company ("Ordinary Shares") from Growthpoint Properties
Limited ("Growthpoint") (the "Buyback"), representing approximately 10% of the
Company's issued share capital, at a price of 75 pence per Ordinary Share,
for a total consideration of approximately £35.8 million. The acquired
shares will be cancelled. The Buyback has been executed in accordance with the
parameters and limits set out in the market purchase authority granted to
NewRiver at its Annual General Meeting held on 31 July 2025.

 

The Board believes the Buyback is in the best interests of all shareholders.
The current share price materially undervalues the Company, and the Board is
of the view that the Buyback is an attractive allocation of capital that will
be immediately accretive to both Underlying Funds From Operations ("UFFO") per
share and EPRA Net Tangible Assets ("NTA") per share thus generating value for
shareholders.

 

The Company acknowledges the announcement by Growthpoint stating that it has
successfully completed the sale of 67.4 million Ordinary Shares, representing
approximately 14.2% of NewRiver's issued ordinary share capital. Consequently,
Growthpoint has fully exited from its shareholding in NewRiver.

 

 Date of purchase                                  13 August 2025
 Aggregate number of Ordinary Shares purchased:    47,708,400
 Highest price paid per share (GBp):               75.00
 Lowest price paid per share (GBp):                75.00
 Volume weighted average price paid (GBp):         75.00

 

The schedule below contains detailed information of the individual
trades made by Panmure Liberum Limited on behalf of the Company.

 

Total Voting Rights

Following the Buyback, the Company's issued share capital consists of
429,969,475 ordinary shares of one pence each with voting rights, of
which 3,985,418 ordinary shares are held in the Employee Benefit Trust (EBT)
and no shares are held in treasury.

 

Accordingly, the total number of voting rights in the Company is 425,984,057.

 

The above figure of 425,371,952 may be used by shareholders as the denominator
for the calculation by which they will determine if they are required to
notify their interest in, or a change of their interest in, the Company under
the Disclosure Guidance and Transparency Rules of the FCA.

 

Enquiries:

 

 NewRiver REIT plc                             +44 (0)20 3328 5800
 Allan Lockhart (Chief Executive)

 Will Hobman (Chief Financial Officer)

 FTI Consulting                                +44 (0)20 3727 1000

 Dido Laurimore

 Eve Kirmatzis

 

Aggregate information

 Date            Trading Venue  Volume weighted average price paid (GBp):  Aggregate volume
 13 August 2025  XLON           75.00                                      47,708,400

 

Individual Transactions

 Number of ordinary shares purchased  Transaction price  Time of transaction (UK Time)  Trading venue

(GBp share)
 47,708,400                           75.00              17:35:00                       XLON

 

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.

 

Following the completion of its acquisition of Capital &
Regional in December 2024, NewRiver has a £0.8 billion UK wide portfolio
covering 7.9 million sq ft, comprising 27 community shopping centres and 13
conveniently located retail parks occupied by tenants predominately focused on
essential goods and services. In addition, we manage 21 shopping centres and
18 retail parks on behalf of Capital Partners, taking our total Assets Under
Management to £2.4 billion. 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 to deliver long-term attractive
recurring income returns and capital growth for our shareholders.

 

NewRiver is listed on the Equity shares (commercial companies) category of the
Main Market of the London Stock Exchange (ticker: NRR). Visit www.nrr.co.uk
(http://www.nrr.co.uk/)  for further information.

 

LEI Number: 2138004GX1VAUMH66L31

 

 

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