REG - NewRiver REIT plc - Director/PDMR Shareholding
RNS Number : 8727WNewRiver REIT PLC21 August 2020NewRiver REIT plc
("NewRiver" or the "Company")
Notification of transactions by persons discharging managerial responsibilities and persons closely associated
The Company announces that Awards of nil-cost options over the Company's shares were granted to Executive Directors and Persons Discharging Managerial Responsibilities on 21 August 2020 under the Company's Performance Share Plan 2016 ('PSP') as shown below.
Grant levels have been reduced by one third from the normal annual award levels to take account of the prevailing share price.
Vesting of the awards is subject to the Company's total shareholder return and total accounting return performance conditions measured over a three-year period. Once vested, the awards must be held for a further two years before they can be exercised.
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
Award over nil-cost options under the NewRiver REIT plc Performance Share Plan 2016.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
497,354
d)
Aggregated information
- Aggregated volume
- Price
N/a single transaction
e)
Date of the transaction
21 August 2020
f)
Place of the transaction
London
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
Award over nil-cost options under the NewRiver REIT plc Performance Share Plan 2016.
c)
Price(s) and volume(s)
Price(s)
Nil
Volume(s)
431,746
d)
Aggregated information
- Aggregated volume
- Price
N/a single transaction
e)
Date of the transaction
21 August 2020
f)
Place of the transaction
London
For further information
NewRiver REIT plc
+44 (0)20 3328 5800
Tom Loughran (Head of Investor Relations)
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 rns@lseg.com or visit www.rns.com.ENDDSHSEAFDFESSEIA
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