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NRR Newriver Reit Plc

76.00
1.20 (1.60%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Newriver Reit Plc LSE:NRR London Ordinary Share GB00BD7XPJ64 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.20 1.60% 76.00 75.50 76.00 76.00 74.80 75.00 392,895 16:29:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 73.6M -16.8M -0.0537 -14.13 237.27M

NewRiver REIT PLC Notification of transactions by PDMR (2887K)

12/12/2018 2:07pm

UK Regulatory


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TIDMNRR

RNS Number : 2887K

NewRiver REIT PLC

12 December 2018

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 10 December 2018 of the following transactions by persons discharging managerial responsibilities.

On 6 December 2018, Allan Lockhart exercised 192,784 nil cost share options which were granted under the NewRiver Retail Limited Performance Share Plan 2009, 205,546 nil cost share options which were granted under the NewRiver Retail Limited Deferred Bonus Plan 2009 and 12,309 warrants at an exercise price of 124 pence per ordinary share. 196,202 shares were sold in order to cover the cost of the exercise and the associated tax liability and 34,186 shares were sold for cash. Allan Lockhart has retained the balance of 180,251 shares, which increases his total shareholding in NewRiver from 277,944 to 458,195 ordinary shares.

On 6 December 2018, Mark Davies exercised 14,029 nil cost share options which were granted under the NewRiver Retail Limited Performance Share Plan 2009 and 142,576 nil cost share options which were granted under the NewRiver Retail Limited Deferred Bonus Plan 2009. 73,864 shares were sold in order to cover the associated tax liability. Mark Davies has retained the balance of 82,741 shares, which increases his total shareholding in NewRiver from 139,727 to 222,468 ordinary shares.

On 6 December 2018, David Lockhart exercised 18,705 nil cost share options which were granted under the NewRiver Retail Limited Performance Share Plan 2009. 8,705 shares were sold in order to cover the cost of the associated tax liability. David Lockhart has retained the balance of 10,000 shares, which increases his total shareholding in NewRiver from 1,752,626 to 1,762,626 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         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 instrument,         Ordinary shares of one penny each 
        type of instrument 
                                      GB00BD7XPJ64 
        Identification code 
      ---------------------------  ------------------------------------------ 
 b)    Nature of the transaction    Exercise of 192,784 nil cost share 
                                     options granted under the NewRiver 
                                     Retail Limited Performance Share 
                                     Plan 2009. Sale of sufficient shares 
                                     to cover the associated tax liabilities. 
 
                                     Exercise of 205,546 nil cost share 
                                     options granted under the NewRiver 
                                     Retail Limited Deferred Bonus Plan 
                                     2009. 78,394 shares retained and 
                                     remainder sold. 
 
                                     Exercise and sale of 12,309 warrants 
                                     issued at the initial public offering, 
                                     with an exercise price of 124 pence. 
      ---------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s)         Price(s)   Volume(s) 
 
                                        2.1971     137,819 
                                                 ---------- 
                                       2.1275     80,260 
                                                 ---------- 
                                       2.12       12,309 
                                                 ---------- 
      ---------------------------  ------------------------------------------ 
 d)    Aggregated information 
 
 
   - Aggregated volume                230,388 
   - Price                             2.1687 
 --------------------------------  ------------------------------------------ 
 e)    Date of the transaction      7 December 2018 / 10 December 2018 
      ---------------------------  ------------------------------------------ 
 f)    Place of the transaction     London Stock Exchange 
      ---------------------------  ------------------------------------------ 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Mark Davies 
      ---------------------------  ------------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------- 
 a)    Position/status              PDMR - Chief Financial 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 instrument,         Ordinary shares of one penny each 
        type of instrument 
                                      GB00BD7XPJ64 
        Identification code 
      ---------------------------  ------------------------------------------ 
 b)    Nature of the transaction    Exercise of 14,029 nil cost share 
                                     options granted under the NewRiver 
                                     Retail Limited Performance Share 
                                     Plan 2009. Sale of sufficient shares 
                                     to cover the associated tax liabilities. 
 
                                     Exercise of 142,576 nil cost share 
                                     options granted under the NewRiver 
                                     Retail Limited Deferred Bonus Plan 
                                     2009. Sale of sufficient shares to 
                                     cover the associated tax liabilities. 
      ---------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s)         Price(s)   Volume(s) 
 
                                        2.1971     46,680 
                                                 ---------- 
                                       2.1275     27,184 
                                                 ---------- 
      ---------------------------  ------------------------------------------ 
 d)    Aggregated information 
 
 
   - Aggregated volume               73,864 
   - Price                            2.1715 
 --------------------------------  ------------------------------------------ 
 e)    Date of the transaction      7 December 2018 / 10 December 2018 
      ---------------------------  ------------------------------------------ 
 f)    Place of the transaction     London Stock Exchange 
      ---------------------------  ------------------------------------------ 
 
 
 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         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 instrument,         Ordinary shares of one penny each 
        type of instrument 
                                      GB00BD7XPJ64 
        Identification code 
      ---------------------------  ------------------------------------------ 
 b)    Nature of the transaction    Exercise of 18,705 nil cost 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 volume(s)         Price(s)   Volume(s) 
 
                                        2.1971     5,501 
                                                 ---------- 
                                       2.1275     3,204 
                                                 ---------- 
      ---------------------------  ------------------------------------------ 
 d)    Aggregated information 
 
 
   - Aggregated volume               8,705 
   - Price                            2.1715 
 --------------------------------  ------------------------------------------ 
 e)    Date of the transaction      7 December 2018 / 10 December 2018 
      ---------------------------  ------------------------------------------ 
 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

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December 12, 2018 09:07 ET (14:07 GMT)

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