NEWRIVER REIT PLC

Director's Dealing • Dec 6, 2023

National Storage Mechanism | Additional information

RNS Number : 9231V

NewRiver REIT PLC

06 December 2023

NewRiver REIT plc

("NewRiver" or the "Company")

Notification of transactions by persons discharging managerial responsibilities.

The Company announces that on 4 December 2023, Allan Lockhart, Chief Executive Officer and Director of the Company, exercised the following nil cost options under the Company's Deferred Bonus Plan:

Number of nil-cost options	Grant date	Vesting date
62,194	29 May 2018	29 May 2020
66,952	27 June 2019	27 June 2021
41,985	7 September 2021	7 September 2023

80,716 Ordinary shares were sold in order to cover the associated tax liability. The exercise of the nil-cost options has been satisfied through the transfer of existing Shares held by the Employee Benefit Trust and, as such, no new Shares have been issued in connection with the option exercise.

Following these transactions, Allan Lockhart has a beneficial interest in 520,856 Ordinary Shares, increased by 90,415 from 430,441 Ordinary Shares prior to these transactions.

Allan also currently has the following outstanding vested and unvested share awards:

Plan	Number of nil-cost awards	Grant Date	Vesting date	Number of shares vested to date	Holding period end
PSP	604,121	21 Aug 2020	21 Aug 2023	302,060	21 Aug 2025
PSP	699,790	7 Sept 2021	7 Sept 2024		7 Sept 2026
DBS	167,459	6 July 2022	6 July 2024		-
PSP	599,061	6 July 2022	6 July 2025		6 July 2027
DBS	171,584	29 June 2023	29 June 2025		-
PSP	545,361	29 June 2023	29 June 2026		29 June 2028

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

Exercise of 171,131 nil cost share options granted under the NewRiver REIT plc Deferred Bonus Plan 2016. Sale of 80,716 shares to cover the associated tax liabilities

c)

Price(s) and volume(s)

Price(s)	Volume(s)
85.90 pence	80,716

d)

Aggregated information

- Aggregated volume

- Price

N/a single transaction

e)

Date of the transaction

4 December 2023

f)

Place of the transaction  

London Stock Exchange

For further information

NewRiver REIT plc			+44 (0)20 3328 5800
Kerin Williams (Company Secretary)

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DSHFSSFIMEDSEIE