TIDMNRR

RNS Number : 9754H

NewRiver REIT PLC

29 November 2022

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 25 November 2022, Will Hobman, Chief Financial Officer and Director of the Company, exercised 48,865 nil cost share options which were granted in July 2020 under the NewRiver REIT plc Deferred Bonus Plan 2016. 20,597 shares were sold in order to cover the associated tax liability.

-- On 29 November 2022, Hollie Hobman, Spouse of Will Hobman, purchased 26,875 ordinary shares of one penny each ("Ordinary Shares") in NewRiver REIT plc at 74.00 pence per Ordinary Share.

Following these transactions Will Hobman has a beneficial interest in 188,517 Ordinary Shares increased from 133,374 prior to these transactions.

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation. The notification of dealing forms can be found below.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                          Will Hobman 
     ----------------------------  ------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status               PDMR - Chief Financial Officer 
     ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial Notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                          NewRiver REIT plc 
     ----------------------------  ------------------------------------- 
 b)   LEI                           2138004GX1VAUMH66L31 
     ----------------------------  ------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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 48,865 nil cost share 
                                     options granted under the NewRiver 
                                     REIT plc Deferred Bonus Plan 2016. 
                                     Sale of 20,597 shares to cover the 
                                     associated tax liabilities. 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)       Volume(s) 
                                       71.30 pence    20,597 
                                                     ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
                                      N/a single transaction 
 
       - Aggregated volume 
       - Price 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       25 November 2022 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      London Stock Exchange 
     ----------------------------  ------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Hollie Hobman (Person Closely Associated) 
     --------------------------  ------------------------------------------ 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------- 
 a)   Position/status             Spouse of Will Hobman, Chief Financial 
                                   Officer 
     --------------------------  ------------------------------------------ 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  ------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                        NewRiver REIT plc 
     --------------------------  ------------------------------------------ 
 b)   LEI                         2138004GX1VAUMH66L31 
     --------------------------  ------------------------------------------ 
      Details of the transaction(s): section to be repeated 
  4    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   Purchase of Shares 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)       Volume(s) 
                                     74.00 pence    26,875 
                                                   ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
                                    N/a single transaction 
 
       - Aggregated volume 
       - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     29 November 2022 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ------------------------------------------

For further information

 
                                                  +44 (0)20 3328 
     NewRiver REIT plc                             5800 
     Lucy Mitchell (Communications 
      & Investor Relations) 
      Kerin Williams (Company Secretary)

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END

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November 29, 2022 11:02 ET (16:02 GMT)

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