Director/PDMR Shareholding

RNS Number : 9387I

NewRiver REIT PLC

14 August 2019

 

NewRiver REIT plc

("NewRiver" or the "Company")

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

The Company announces that it was notified on 13 August 2019 of the following transactions by Allan Lockhart, Chief Executive Officer:

·      The sale of 75,000 shares in order to fulfil a personal financial commitment forming part of a divorce settlement.

·      The exercise of 42,470 nil cost share options which were granted on 14 July 2017 under the NewRiver REIT plc Deferred Bonus Plan 2016. 20,032 shares were sold in order to cover the associated tax liability. Allan has retained the balance of 22,438 shares.

·      Allan's shareholding is now 405,633 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	Allan 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 penny each  GB00BD7XPJ64
b)	Nature of the transaction	·      Sale of 75,000 shares ·      Exercise of 42,470 nil cost share options and sale of 20,032 shares to cover the associated tax liability
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.604 75,000 £1.600 20,032
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) £1.6032 95,032
e)	Date of the transaction	13 August 2019
f)	Place of the transaction	London Stock Exchange

 

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