Result Of Secondary Placing
Growthpoint Properties sold 67.4 million NewRiver shares, representing 14.2% of the company, at 75p per share.
- Shares placed 67.4 million
- Percentage of issued capital 14.2%
- Placing price 75p per share
- Gross proceeds £50.5 million
Select text to share a quote on X · sign in to keep highlights & notes in your NRR notes
Growthpoint Properties Limited (the "Selling Shareholder"), announces that it has successfully completed the sale of 67.4 million ordinary shares in the capital of NewRiver REIT plc ("NewRiver"), representing approximately 14.2% of NewRiver's issued ordinary share capital, at a price of 75 pence per share (the "Placing Price") raising gross sale proceeds of £50.5 million (the "Placing").
Following the Placing, the Selling Shareholder has fully exited from its shareholding in NewRiver.
The Placing was underpinned by strong support from existing shareholders, and certain non-holders.
Panmure Liberum Limited ("Panmure Liberum") acted as Sole Bookrunner for the Selling Shareholder in connection with the Placing.
The trade date for the Placing will be today, 13 August 2025 and settlement is expected to occur on 15 August 2025.
NewRiver will not receive any proceeds from the Placing.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.