NewRiver REIT PLC Director/PDMR Shareholding (4736C)
17 June 2019 - 7:40PM
UK Regulatory
TIDMNRR
RNS Number : 4736C
NewRiver REIT PLC
17 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 it was notified on 14 June 2019 of
the following transactions by persons discharging managerial
responsibilities.
David Lockhart, Executive Deputy Chairman, exercised
subscription rights in relation to warrants over the ordinary
shares of the Company, purchased additional shares in the Company
and sold some shares to fund the exercise price of the
warrants.
The transactions consisted of:
-- The exercise of 128,175 warrants over ordinary shares at a
subscription price of 118p per share
-- 72,021 of the resultant shares were sold to fund the majority
of exercise price, with 56,154 shares retained
-- 5,646 shares were purchased into David's ISA and pension
As a result of the transactions, David has increased his
shareholding in NewRiver to 1,855,000 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 - Executive Deputy Chairman
-------------------------- ------------------------------------------------------------------
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
* The exercise of 128,175 warrants over ordinary shares
at a subscription price of 118p per share.
* Purchase of 5,646 ordinary shares.
* Sale of 72,021 ordinary shares.
-------------------------- ------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
118p 128,175
190.4p 5,646
188.7491p 72,021
----------
-------------------------- ------------------------------------------------------------------
d) Aggregated information
Purchase
Price(s) Volume(s)
- Aggregated volume 121.0546p 133,821
- Price ----------
Sale
Price(s) Volume(s)
188.7491p 72,021
----------
-------------------------- ------------------------------------------------------------------
e) Date of the transaction 14 June 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 rns@lseg.com or visit www.rns.com.
END
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