Director/PDMR Shareholding

RNS Number : 4833R

NewRiver REIT PLC

21 September 2017

 

NewRiver REIT plc

("NewRiver" or the "Company")

Notification of transactions by persons discharging managerial responsibilities and persons closely associated

As announced on 18 September 2017, David Lockhart exercised 620,286 share options which were granted under the NewRiver Retail Limited Unapproved Share Option Plan 2009. The share options were exercised at the following prices:

272,286 shares at a price of £2.50

348,000 shares at a price of £2.35

The shares were admitted to the London Stock Exchange on 19 September 2017. In order to cover the associated exercise cost and tax liability, 524,931 shares were sold. David Lockhart has retained the balance of shares, giving him an increased total shareholding of 1,752,676 ordinary shares.

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation. The notification of dealing forms can be found below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Lockhart
2	Reason for the notification
a)	Position/status	PDMR - Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	NewRiver REIT plc
b)	LEI	2138004GX1VAUMH66L31
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of one pence each  GB00BD7XPJ64
b)	Nature of the transaction	Exercise of 620,286 share options granted under the NewRiver Retail Limited Unapproved Share Option Plan 2009. Sale of sufficient shares to cover the purchase costs and associated tax liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.3783 524,931
d)	Aggregated information - Aggregated volume - Price	N/a single transaction
e)	Date of the transaction	19 September 2017
f)	Place of the transaction	London Stock Exchange

 

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