NewRiver REIT PLC Director/PDMR Shareholding (4875L)

TIDMNRR

RNS Number : 4875L

NewRiver REIT PLC

19 July 2017

19 July 2017

NewRiver REIT plc

("NewRiver" or the "Company")

Notification of transactions by persons discharging managerial responsibilities and persons closely associated

The Company has been notified that, on 17(th) July 2017, Nick Sewell has exercised 79,040 nil cost share options which were granted under the NewRiver Retail Limited Performance Share Plan 2009.

In order to cover the associated tax liability, 37,280 shares were sold. Nick Sewell has retained the balance of shares, giving him a total shareholding of 191,692 ordinary shares.

In addition, the Company has been notified that, on 18(th) July 2017, Nick Sewell has exercised 445,647 share options granted under the NewRiver Retail Limited Unapproved Share Option Plan 2009. The share options were exercised at the following prices:

102,647 @ GBP2.715

15,000 @ GBP2.435

328,000 @ GBP2.350

All of the shares were sold in the market at a price of GBP3.451 per share. Deductions were made for the cost of exercise and associated tax liabilities.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name                      Nick Sewell 
---  ------------------------  ------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status           PDMR - Investment Director 
---  ------------------------  ------------------------------- 
 b)   Initial notification      Initial Notification 
       /Amendment 
---  ------------------------  ------------------------------- 
 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              Ordinary shares of one pence 
       instrument, type           each 
       of instrument 
                                  GB00BD7XPJ64 
       Identification 
       code 
---  ------------------------  ------------------------------- 
 b)   Nature of the             Exercise of 79,040 nil cost 
       transaction               share options granted under 
                                 the NewRiver Retail Limited 
                                 Performance Share Plan 2009. 
 
                                 Sale of sufficient shares 
                                 to cover the associated tax 
                                 liabilities. 
---  ------------------------  ------------------------------- 
 c)   Price(s) and                Price(s)     Volume(s) 
       volume(s)                  -----------  ---------- 
 
                                    GBP3.481     37,280 
                                  -----------  ---------- 
---  ------------------------  ------------------------------- 
 d)   Aggregated information 
                                  N/a single transaction 
 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ------------------------------- 
 e)   Date of the transaction   17 July 2017 
---  ------------------------  ------------------------------- 
 f)   Place of the              London Stock Exchange 
       transaction 
---  ------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                      Nick Sewell 
---  ------------------------  ------------------------------------ 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status           PDMR - Investment Director 
---  ------------------------  ------------------------------------ 
 b)   Initial notification      Initial Notification 
       /Amendment 
---  ------------------------  ------------------------------------ 
 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              Ordinary shares of one pence 
       instrument, type           each 
       of instrument 
                                  GB00BD7XPJ64 
       Identification 
       code 
---  ------------------------  ------------------------------------ 
 b)   Nature of the             Exercise of 445,647 share 
       transaction               options granted under the 
                                 NewRiver Retail Limited Unapproved 
                                 Share Option Plan 2009. 
 
                                 Sale of all shares to cover 
                                 the purchase costs and associated 
                                 tax liabilities. 
---  ------------------------  ------------------------------------ 
 c)   Price(s) and                Price(s)     Volume(s) 
       volume(s)                  -----------  ---------- 
 
                                    GBP3.451     445,647 
                                  -----------  ---------- 
---  ------------------------  ------------------------------------ 
 d)   Aggregated information 
                                  N/a single transaction 
 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ------------------------------------ 
 e)   Date of the transaction   18 July 2017 
---  ------------------------  ------------------------------------ 
 f)   Place of the              London Stock Exchange 
       transaction 
---  ------------------------  ------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 19, 2017 05:15 ET (09:15 GMT)