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NewRiver REIT plc (NRR)

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Monday 17 June, 2019

NewRiver REIT plc

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

 

 

 

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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