Director/PDMR Shareholding

NewRiver REIT PLC

15 December 2025

 

NewRiver REIT plc

("NewRiver" or the "Company")

Notification of transactions by persons discharging managerial responsibilities

The Company announces that on 12 December 2025, Allan Lockhart, Chief Executive Officer and Director of the Company, exercised 357,542 nil cost options which were granted in August 2020 under the Company's Performance Share Plan 2016 ('PSP') and subsequently vested on 21 August 2023. Vesting of the awards was 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 hold period from vesting which ended in August 2025.

168,890 Ordinary shares were sold in order to cover the associated tax liability. 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.

Following this exercise, Allan Lockhart has a beneficial interest in 1,022,017 Ordinary Shares, increased by 188,652 Ordinary Shares from 833,365 Ordinary Shares prior to the 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 357,542 nil cost share options granted under the NewRiver REIT plc Performance Share Plan 2016. Sale of 168,890 shares to cover the associated tax liabilities
c)	Price(s) and volume(s)	Price(s) Volume(s) 68.20 pence 168,890
d)	Aggregated information - Aggregated volume - Price	N/a single transaction
e)	Date of the transaction	12 December 2025
f)	Place of the transaction	London Stock Exchange

For further information

NewRiver REIT plc			[phone]
Kerin Williams (Company Secretary)

 

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