Director/PDMR Shareholding

RNS Number : 6298Q

NewRiver REIT PLC

22 June 2020

 

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 of the following transactions by persons discharging managerial responsibilities.

On 18 June 2020, Mark Davies exercised 61,044 nil cost share options which were granted in May 2018 under the NewRiver REIT plc Deferred Bonus Plan 2016. 28,793 shares were sold in order to cover the associated tax liability. Mark has retained the balance of 32,251 shares which increases his shareholding to 275,838.

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	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	Exercise of 61,044 nil cost share options granted under the NewRiver REIT plc Deferred Bonus Plan 2016. Sale of sufficient shares to cover the associated tax liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s)
d)	Aggregated information - Aggregated volume - Price	N/a single transaction
e)	Date of the transaction	18 June 2020
f)	Place of the transaction	London Stock Exchange

For further information

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

 

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