Director/PDMR Shareholding
Summary by AI BETAClose X
NewRiver REIT plc
("NewRiver" or the "Company")
Notification of transactions by persons discharging managerial responsibilities
The Company announces that on 7 September 2026, Allan Lockhart, Chief Executive Officer of the Company, exercised 454,123 nil cost options which were granted in September 2021 under the Company's Performance Share Plan 2016 ('PSP') and subsequently vested on 7 September 2024. 214,511 Ordinary shares were sold in order to cover the associated tax liability. Following this exercise, Allan Lockhart has a beneficial interest in 1,261,629 Ordinary Shares, increased by 239,612 Ordinary Shares from 1,022,017 Ordinary Shares prior to the exercise.
In addition, Will Hobman, Chief Financial Officer of the Company, exercised 198,072 nil cost options which were granted in September 2021 under the Company's Performance Share Plan 2016 ('PSP') and subsequently vested on 7 September 2024. 93,562 Ordinary shares were sold in order to cover the associated tax liability. Following this exercise, Will Hobman has a beneficial interest in 674,381 Ordinary Shares, increased by 104,510 Ordinary Shares from 569,871 Ordinary Shares prior to the exercise.
Vesting of the awards were subject to the Company's total shareholder return and total accounting return performance conditions measured over a three-year period, which resulted in vesting of 50% of maximum. Executive Directors were then subject to a two-year holding period from vesting, which ended on 7 September 2026.
The exercise of the nil-cost options has been satisfied through the transfer of existing Shares held by the Employee Benefit Trust and, as such, no new Shares have been issued in connection with the option exercise.
This announcement is made in accordance with the requirements of the UK 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
|
Allan 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 penny each
GB00BD7XPJ64 |
||||
|
b)
|
Nature of the transaction
|
Exercise of 454,123 nil cost share options granted under the NewRiver REIT plc Performance Share Plan 2016. Sale of 214,511 shares to cover the associated tax liabilities |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume - Price |
N/a single transaction
|
||||
|
e)
|
Date of the transaction
|
7 September 2026
|
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
|
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 198,072 nil cost share options granted under the NewRiver REIT plc Performance Share Plan 2016. Sale of 93,562 shares to cover the associated tax liabilities |
||||
|
c)
|
Price(s) and volume(s)
|
|
||||
|
d)
|
Aggregated information
- Aggregated volume - Price |
N/a single transaction
|
||||
|
e)
|
Date of the transaction
|
7 September 2026
|
||||
|
f)
|
Place of the transaction
|
London Stock Exchange |
||||
For further information
|
NewRiver REIT plc |
|
|
+44 (0)20 3328 5800 |
|
Jenny Warburton (Company Secretary) |
|
|
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 10 minutes ago Helios Underwriting
- 31 minutes ago SSE
- 1 hour ago Judges Scientific
- 1 hour ago AB Dynamics
- 1 hour ago Henry Boot