Director/PDMR Shareholding

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.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Will Hobman
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	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 penny each  GB00BD7XPJ64
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 - Aggregated volume - Price	N/a single transaction
e)	Date of the transaction	25 November 2022
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hollie Hobman (Person Closely Associated)
2	Reason for the notification
a)	Position/status	Spouse of Will Hobman, 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	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 penny each  GB00BD7XPJ64
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 - Aggregated volume - Price	N/a single transaction
e)	Date of the transaction	29 November 2022
f)	Place of the transaction	London Stock Exchange

For further information

NewRiver REIT plc			[phone]
Lucy Mitchell  (Communications & Investor Relations) Kerin Williams (Company Secretary)

 

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