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NewRiver REIT plc (NRR)

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Wednesday 14 August, 2019

NewRiver REIT plc

Director/PDMR Shareholding

RNS Number : 9387I
NewRiver REIT PLC
14 August 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 13 August 2019 of the following transactions by Allan Lockhart, Chief Executive Officer:

·      The sale of 75,000 shares in order to fulfil a personal financial commitment forming part of a divorce settlement.

·      The exercise of 42,470 nil cost share options which were granted on 14 July 2017 under the NewRiver REIT plc Deferred Bonus Plan 2016. 20,032 shares were sold in order to cover the associated tax liability. Allan has retained the balance of 22,438 shares.

·      Allan's shareholding is now 405,633 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

 

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

 

 

·      Sale of 75,000 shares

·      Exercise of 42,470 nil cost share options and sale of 20,032 shares to cover the associated tax liability

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

£1.604

 

75,000

£1.600

20,032

 

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

Price(s)

 

Volume(s)

 

£1.6032

 

95,032

 

 

 

 

 

e)

 

Date of the transaction

 

13 August 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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