25th Nov 2015 17:39
LONDON (Alliance News) - NewRiver Retail Ltd on Wednesday said it is to issue about 7.0 million shares to Forum after receiving notices to convert GBP17.0 million of its 5.85% A convertible loan stock.
The loans will be converted into shares at a price of 243 pence.
The AIM-listed real estate investment trust will have 187.3 million shares in issue following admission of the new shares.
Shares in NewRiver Retail closed up 0.9% at 344.00p on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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