Director/PDMR Shareholding

RNS Number : 0762Z

NewRiver REIT PLC

09 March 2017

 

9 March 2017

NewRiver REIT plc

("NewRiver" or the "Company")

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

The Company has been notified that, on 8^th March 2017, Nick Sewell has exercised 56,192 nil cost share options which were granted under the NewRiver Retail Limited Performance Share Plan 2009.

In order to cover the associated tax liability, 26,504 shares were sold. Nick Sewell has retained the balance of shares, giving him a total shareholding of 149,932 ordinary shares.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Sewell
2	Reason for the notification
a)	Position/status	PDMR - Investment Director
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 56,192 nil cost share options granted under the NewRiver Retail Limited Performance Share Plan 2009. Sale of sufficient shares to cover the associated tax liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.367 26,504
d)	Aggregated information - Aggregated volume - Price	N/a single transaction
e)	Date of the transaction	8 March 2017
f)	Place of the transaction	London Stock Exchange

 

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