NEWRIVER REIT PLC

Director's Dealing • Jun 17, 2019

National Storage Mechanism | Additional information

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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 rns@lseg.com or visit www.rns.com.

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