NEWRIVER REIT PLC

Director's Dealing • Nov 29, 2022

National Storage Mechanism | Additional information

RNS Number : 9754H

NewRiver REIT PLC

29 November 2022

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 25 November 2022, Will Hobman, Chief Financial Officer and Director of the Company, exercised 48,865 nil cost share options which were granted in July 2020 under the NewRiver REIT plc Deferred Bonus Plan 2016. 20,597 shares were sold in order to cover the associated tax liability.

·      On 29 November 2022, Hollie Hobman, Spouse of Will Hobman, purchased 26,875 ordinary shares of one penny each ("Ordinary Shares") in NewRiver REIT plc at 74.00 pence per Ordinary Share.

Following these transactions Will Hobman has a beneficial interest in 188,517 Ordinary Shares increased from 133,374 prior to these transactions.

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

Will Hobman

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 48,865 nil cost share options granted under the NewRiver REIT plc Deferred Bonus Plan 2016. Sale of 20,597 shares to cover the associated tax liabilities.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
71.30 pence	20,597

d)

Aggregated information

- Aggregated volume

- Price

N/a single transaction

e)

Date of the transaction

25 November 2022

f)

Place of the transaction  

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Hollie Hobman (Person Closely Associated)

2

Reason for the notification

a)

Position/status

Spouse of Will Hobman, 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

Purchase of Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
74.00 pence	26,875

d)

Aggregated information

- Aggregated volume

- Price

N/a single transaction

e)

Date of the transaction

29 November 2022

f)

Place of the transaction  

London Stock Exchange

For further information

NewRiver REIT plc			+44 (0)20 3328 5800
Lucy Mitchell  (Communications & Investor Relations) Kerin Williams (Company Secretary)

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