NewRiver REIT PLC Director/PDMR Shareholding (8282D)

TIDMNRR

RNS Number : 8282D

NewRiver REIT PLC

28 June 2019

28 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:

1. Awards of nil-cost options over the Company's shares were granted to Executive Directors and Persons Discharging Managerial Responsibilities on 27 June 2019 under the Company's Performance Share Plan 2016 ('PSP') as shown below. Vesting of the awards is subject to the Company's total shareholder return and total accounting return performance conditions measured over a three-year period. Once vested, the awards must be held for a further two years before they can be exercised.

2. Awards of Deferred Bonus Shares over the Company's shares were granted to Executive Directors and Persons Discharging Managerial Responsibilities on 27 June 2019 under the Company's Deferred Bonus Plan 2016 ('DBP') as shown below. Vesting of the awards is subject to continued employment at the date of vesting in two years' time.

 
 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 
                                         *    Award over nil-cost options under the NewRiver REIT 
                                              plc Performance Share Plan 2016. 
 
 
 
                                         *    Award over deferred bonus shares under the NewRiver 
                                              REIT plc Deferred Bonus Plan 2016. 
     --------------------------  ---------------------------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
 
                                        Nil 
 
                                        Nil 
                                               --------------- 
                                                266,742 (Under 
                                                 PSP) 
 
                                                 61,389 (Under 
                                                 DBP) 
                                               --------------- 
     --------------------------  ---------------------------------------------------------------- 
 d)   Aggregated information 
                                    N/a single transaction 
 
       - Aggregated volume 
       - Price 
     --------------------------  ---------------------------------------------------------------- 
 e)   Date of the transaction     27 June 2019 
     --------------------------  ---------------------------------------------------------------- 
 f)   Place of the transaction    London 
     --------------------------  ---------------------------------------------------------------- 
 
 
 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 
                                         *    Award over nil-cost options under the NewRiver REIT 
                                              plc Performance Share Plan 2016. 
 
 
 
                                         *    Award over deferred bonus shares under the NewRiver 
                                              REIT plc Deferred Bonus Plan 2016. 
     --------------------------  ---------------------------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
 
                                        Nil      231,555 (Under 
                                                 PSP) 
                                        Nil 
                                                 53,720 (Under 
                                                 DBP) 
     --------------------------  ---------------------------------------------------------------- 
 d)   Aggregated information 
                                    N/a single transaction 
 
       - Aggregated volume 
       - Price 
     --------------------------  ---------------------------------------------------------------- 
 e)   Date of the transaction     27 June 2019 
     --------------------------  ---------------------------------------------------------------- 
 f)   Place of the transaction    London 
     --------------------------  ---------------------------------------------------------------- 
 

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June 28, 2019 05:39 ET (09:39 GMT)