NewRiver REIT PLC Director/PDMR Shareholding (4833R)
22 September 2017 - 12:55AM
UK Regulatory
TIDMNRR
RNS Number : 4833R
NewRiver REIT PLC
21 September 2017
NewRiver REIT plc
("NewRiver" or the "Company")
Notification of transactions by persons discharging managerial
responsibilities and persons closely associated
As announced 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 were admitted to the London Stock Exchange on 19
September 2017. In order to cover the associated exercise cost and
tax liability, 524,931 shares were sold. David Lockhart has
retained the balance of shares, giving him an increased total
shareholding of 1,752,676 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 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.
Sale of sufficient shares
to cover the purchase costs
and associated tax liabilities.
--- ------------------------ ------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ------------ ----------
GBP3.3783 524,931
------------ ----------
--- ------------------------ ------------------------------------
d) Aggregated information
N/a single transaction
- Aggregated
volume
- Price
--- ------------------------ ------------------------------------
e) Date of the transaction 19 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
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