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NewRiver REIT plc (NRR)

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Monday 22 July, 2019

NewRiver REIT plc

Director/PDMR Shareholding

RNS Number : 3176G
NewRiver REIT PLC
22 July 2019
 

 

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 16 July 2019, Mark Davies exercised 39,973 nil cost share options which were granted in July 2017 under the NewRiver REIT plc Deferred Bonus Plan 2016. 18,854 shares were sold in order to cover the associated tax liability. Mark has retained the balance of 21,119 shares which increases his shareholding to 243,587.

 

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

 

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

 

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 39,973 nil cost share options granted under the NewRiver REIT plc Deferred Bonus Plan 2016. Sale of sufficient shares to cover the associated tax liabilities.

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

£1.66

 

18,854

 

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

N/a single transaction

 

 

 

 

e)

 

Date of the transaction

 

16 July 2019

f)

 

Place of the transaction  

 

London Stock Exchange

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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