TIDMNRR

RNS Number : 0724R

NewRiver REIT PLC

18 September 2017

18 September 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 18 September 2017 David Lockhart exercised 620,286 share options which were granted under the NewRiver Retail Limited Unapproved Share Option Plan 2009. The share options were exercised at the following prices:

272,286 shares at a price of GBP2.50

348,000 shares at a price of GBP2.35

The shares will be admitted to the London Stock Exchange on 19 September 2017.

The Company has been notified that on 14 September 2017, Mark Davies exercised and sold:

(1) 89,035 nil cost share options which were granted under the NewRiver Retail Limited Performance Share Plan 2009;

(2) 44,355 nil cost share options which were granted under the NewRiver Retail Limited Deferred Bonus Plan 2009;

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                      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 620,286 share 
       transaction               options granted under the 
                                 NewRiver Retail Limited Unapproved 
                                 Share Option Plan 2009. 
---  ------------------------  ------------------------------------ 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
 
                                   GBP2.50     272,286 
                                    GBP2.35     348,000 
                                  ----------  ---------- 
---  ------------------------  ------------------------------------ 
 d)   Aggregated information 
                                  N/a single transaction 
 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ------------------------------------ 
 e)   Date of the transaction   18 September 2017 
---  ------------------------  ------------------------------------ 
 f)   Place of the              London Stock Exchange 
       transaction 
---  ------------------------  ------------------------------------ 
 
 
 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              Ordinary shares of one pence 
       instrument, type           each 
       of instrument 
                                  GB00BD7XPJ64 
       Identification 
       code 
---  ------------------------  -------------------------------- 
 b)   Nature of the             Exercise and sale of 89,035 
       transaction               nil cost share options granted 
                                 under the NewRiver Retail 
                                 Limited Performance Share 
                                 Plan 2009. 
 
                                 Exercise and sale of 44,355 
                                 nil cost share options granted 
                                 under the NewRiver Retail 
                                 Limited Deferred Bonus Plan 
                                 2009. 
---  ------------------------  -------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
 
                                    GBP3.59     133,390 
                                  ----------  ---------- 
---  ------------------------  -------------------------------- 
 d)   Aggregated information 
                                  N/a single transaction 
 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  -------------------------------- 
 e)   Date of the transaction   14 September 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

DSHSFLFLAFWSEEU

(END) Dow Jones Newswires

September 18, 2017 10:27 ET (14:27 GMT)

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