NewRiver REIT PLC Director/PDMR Shareholding (9519O)

TIDMNRR

RNS Number : 9519O

NewRiver REIT PLC

24 August 2017

24 August 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 24 August 2017, David Lockhart exercised 119,016 nil cost share options which were granted under the NewRiver Retail Limited Performance Share Plan 2009.

In order to cover the associated tax liability, 53,746 shares were sold. David Lockhart has retained the balance of shares, giving him a total shareholding of 1,657,321 ordinary shares.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name                      David Lockhart 
---  ------------------------  ------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status           PDMR - Chief Executive Officer 
---  ------------------------  ------------------------------- 
 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 119,016 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)                  ----------  ---------- 
 
                                    GBP3.46     53,746 
                                  ----------  ---------- 
---  ------------------------  ------------------------------- 
 d)   Aggregated information 
                                  N/a single transaction 
 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ------------------------------- 
 e)   Date of the transaction   24 August 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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August 24, 2017 13:54 ET (17:54 GMT)