NewRiver REIT plc
("NewRiver" or the "Company")
Notification of transactions by persons discharging managerial responsibilities
The Company announces that on 17 December 2024, Allan Lockhart, Chief Executive Officer and Director of the Company, exercised 181,450 nil cost options which were granted in July 2022 under the Company's Deferred Bonus Plan.
85,711 Ordinary shares were sold in order to cover the associated tax liability. The exercise of the nil-cost options has been satisfied through the transfer of existing Shares held by the Employee Benefit Trust and, as such, no new Shares have been issued in connection with the option exercise.
Following this exercise, Allan Lockhart has a beneficial interest in 726,280 Ordinary Shares, increased by 95,739 Ordinary Shares from 630,541 Ordinary Shares prior to the exercise.
This announcement is made in accordance with the requirements of the UK 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 /Amendment
| Initial Notification | ||||
| 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, type of instrument
Identification code
|
Ordinary shares of one penny each
GB00BD7XPJ64 | ||||
| b)
| Nature of the transaction
| Exercise of 181,450 nil cost share options granted under the NewRiver REIT plc Deferred Bonus Plan 2016. Sale of 85,711 shares to cover the associated tax liabilities | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume - Price |
N/a single transaction
| ||||
| e)
| Date of the transaction
| 17 December 2024
| ||||
| f)
| Place of the transaction
| London Stock Exchange | ||||
For further information
| NewRiver REIT plc | | | +44 (0)20 3328 5800 |
| Kerin Williams (Company Secretary) | | | |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
