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RNS Number : 5873E NewRiver REIT PLC 30 June 2023
30 June 2023
NewRiver REIT plc
("NewRiver" or the "Company")
Notification of transactions by persons discharging managerial
responsibilities
The Company announces that:
1. Awards of nil-cost options over the Company's shares were granted to
Executive Directors on 29 June 2023 under the Company's Performance Share Plan
2016 ('PSP') as shown below. 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.
2. Awards of Deferred Bonus Shares over the Company's shares were granted
to Executive Directors on 29 June 2023 under the Company's Deferred Bonus Plan
2016 ('DBP') as shown below. Vesting of the awards is subject to continued
employment at the date of vesting in two years' time.
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
Ordinary shares of one penny each
Identification code
GB00BD7XPJ64
b) Nature of the transaction · Award over nil-cost options under the NewRiver REIT plc
Performance Share Plan 2016.
· Award over deferred bonus shares under the NewRiver REIT plc
Deferred Bonus Plan 2016
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 525,140 (under the PSP)
165,222 (under the DBP)
Nil
d) Aggregated information
N/a single transaction
- Aggregated volume
- Price
e) Date of the transaction 29 June 2023
f) Place of the transaction London
d)
Aggregated information
- Aggregated volume
- Price
N/a single transaction
e)
Date of the transaction
29 June 2023
f)
Place of the transaction
London
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
Ordinary shares of one penny each
Identification code
GB00BD7XPJ64
b) Nature of the transaction · Award over nil-cost options under the NewRiver REIT plc
Performance Share Plan 2016.
· Award over deferred bonus shares under the NewRiver REIT plc
Deferred Bonus Plan 2016
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 363,128 Under the PSP
Nil 114,249 (under the DBP)
d) Aggregated information
N/a single transaction
- Aggregated volume
- Price
e) Date of the transaction 29 June 2023
f) Place of the transaction London
d)
Aggregated information
- Aggregated volume
- Price
N/a single transaction
e)
Date of the transaction
29 June 2023
f)
Place of the transaction
London
For further information
NewRiver REIT plc +44 (0)20 3328 5800
Lucy Mitchell (Communications & Investor Relations)
Kerin Williams (Company Secretary)
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