Director/PDMR Shareholding

RNS Number : 9519O

NewRiver REIT PLC

24 August 2017

 

24 August 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 24 August 2017, David Lockhart exercised 119,016 nil cost share options which were granted under the NewRiver Retail Limited Performance Share Plan 2009.

In order to cover the associated tax liability, 53,746 shares were sold. David Lockhart has retained the balance of shares, giving him a total shareholding of 1,657,321 ordinary shares.

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 /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 pence each  GB00BD7XPJ64
b)	Nature of the transaction	Exercise of 119,016 nil cost share options granted under the NewRiver Retail Limited Performance Share Plan 2009. Sale of sufficient shares to cover the associated tax liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.46 53,746
d)	Aggregated information - Aggregated volume - Price	N/a single transaction
e)	Date of the transaction	24 August 2017
f)	Place of the transaction	London Stock Exchange

 

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