Director/PDMR Shareholding

RNS Number : 4736C

NewRiver REIT PLC

17 June 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 14 June 2019 of the following transactions by persons discharging managerial responsibilities.

David Lockhart, Executive Deputy Chairman, exercised subscription rights in relation to warrants over the ordinary shares of the Company, purchased additional shares in the Company and sold some shares to fund the exercise price of the warrants.

The transactions consisted of:

·      The exercise of 128,175 warrants over ordinary shares at a subscription price of 118p per share

·      72,021 of the resultant shares were sold to fund the majority of exercise price, with 56,154 shares retained

·      5,646 shares were purchased into David's ISA and pension

As a result of the transactions, David has increased his shareholding in NewRiver to 1,855,000 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 - Executive Deputy Chairman
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	·      The exercise of 128,175 warrants over ordinary shares at a subscription price of 118p per share. ·      Purchase of 5,646 ordinary shares. ·      Sale of 72,021 ordinary shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) 118p 128,175 190.4p 5,646 188.7491p 72,021
d)	Aggregated information - Aggregated volume - Price	Purchase Price(s) Volume(s) 121.0546p 133,821 Sale Price(s) Volume(s) 188.7491p 72,021
e)	Date of the transaction	14 June 2019
f)	Place of the transaction	London Stock Exchange

 

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