NRR

NewRiver Retail (NRR) Reconstruction and Complex Pay Scheme

NewRiver Retail announced before their AGM on the 12th July that they were going to change their domicile from Guernsey to the UK. This will assist with their move to the main London market which is in the process of being pursued. NewRiver is a commercial property REIT and it seems unlikely that shareholders will oppose this move which will involve a "scheme of arrangement". Moreover, from questions posed at the AGM it was clear that there was to be a ...