Director/PDMR Shareholding

RNS Number : 5152S

NewRiver REIT PLC

21 December 2016

 

21 December 2016

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 Mark Davies, Chief Financial Officer, has exercised 339,693 share options which were granted under the NewRiver Retail Limited Unapproved Share Option Plan 2009. In order to cover the cost of the exercise of the options and the associated tax liability 289,400 shares were sold. Mark Davies has retained the balance of shares, giving him a total shareholding of 124,838 ordinary shares, with a market value in excess of 1x his base salary, as per the Company's shareholding policy. 

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 /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	LEIN006382016082315330620382
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 339,693 share options granted under the NewRiver Retail Limited Unapproved Share Option Plan 2009: ·      38,693 at £2.715 ·      15,000 at £2.435 ·      286,000 at £2.350 Sale of sufficient shares to cover the cost of those options and associated tax liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) £3.35 289,400
d)	Aggregated information - Aggregated volume - Price	N/a single transaction
e)	Date of the transaction	21 December 2016
f)	Place of the transaction	London Stock Exchange

 

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