NEWRIVER REIT PLC

Director's Dealing • Aug 14, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

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

END

DSHSFUFMDFUSEEA