Director/PDMR Shareholding

RNS Number : 8727W

NewRiver REIT PLC

21 August 2020

 

NewRiver REIT plc

("NewRiver" or the "Company")

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

The Company announces that Awards of nil-cost options over the Company's shares were granted to Executive Directors and Persons Discharging Managerial Responsibilities on 21 August 2020 under the Company's Performance Share Plan 2016 ('PSP') as shown below.

Grant levels have been reduced by one third from the normal annual award levels to take account of the prevailing share price.

Vesting of the awards is subject to the Company's total shareholder return and total accounting return performance conditions measured over a three-year period. Once vested, the awards must be held for a further two years before they can be exercised.

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	Award over nil-cost options under the NewRiver REIT plc Performance Share Plan 2016.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 497,354
d)	Aggregated information - Aggregated volume - Price	N/a single transaction
e)	Date of the transaction	21 August 2020
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Davies
2	Reason for the notification
a)	Position/status	PDMR - Chief Financial 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	Award over nil-cost options under the NewRiver REIT plc Performance Share Plan 2016.
c)	Price(s) and volume(s)	Price(s) Nil Volume(s) 431,746
d)	Aggregated information - Aggregated volume - Price	N/a single transaction
e)	Date of the transaction	21 August 2020
f)	Place of the transaction	London

For further information

NewRiver REIT plc			[phone]
Tom Loughran (Head of Investor Relations)

 

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