NewRiver REIT PLC Director/PDMR Shareholding (3176G)

TIDMNRR

RNS Number : 3176G

NewRiver REIT PLC

22 July 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 of the following transactions by persons discharging managerial responsibilities.

On 16 July 2019, Mark Davies exercised 39,973 nil cost share options which were granted in July 2017 under the NewRiver REIT plc Deferred Bonus Plan 2016. 18,854 shares were sold in order to cover the associated tax liability. Mark has retained the balance of 21,119 shares which increases his shareholding to 243,587.

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                          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 39,973 nil cost share 
                                     options granted under the NewRiver 
                                     REIT plc Deferred Bonus Plan 2016. 
                                     Sale of sufficient shares to cover 
                                     the associated tax liabilities. 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
 
                                        GBP1.66     18,854 
                                                  ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
                                      N/a single transaction 
 
       - Aggregated volume 
       - Price 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       16 July 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 [e-mail] or visit www.rns.com.

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July 22, 2019 10:07 ET (14:07 GMT)