Stone Roses fans will finally get to listen to new material after the seminal Manchester band announced it would release its first new material in 21 years at 8pm on 12 May.

The Manchester band used their Twitter account to confirm the new material after rumours swirled it could be on its way. The post, which featured original members Ian Brown, John Squire, Reni and Mani, was retweeted more than 10,000 times in less than two hours, making the band trend on social media.

The announcement came after the band's lemon logo started appearing in the band's hometown and other cities across the UK and worldwide. The track will be the first new material from the band since 1995 single Begging You (from the previous year's album Second Coming) featured new B-sides.

The Roses are to play four sell-out shows at Manchester's Etihad Stadium in June as well as shows at New York's Madison Square Garden and in Dublin. They were forced to cancel two gigs in Japan last week after drummer Reni fractured two ribs in a fall. "We're extremely disappointed to be unable to come to Tokyo for Budokan headline shows. We hope to be able to return to Japan soon," the band said in a statement.

Frontman Ian Brown revealed that they were recording a new album – their third – at a north London studio earlier this year.