REG - NewRiver REIT plc - Director/PDMR Shareholding

Newriver ReitAnnouncement

11/09/2023 15:15

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RNS Number : 0564M  NewRiver REIT PLC  11 September 2023

NewRiver REIT plc

("NewRiver" or the "Company")

Notification of transactions by persons discharging managerial
responsibilities and persons closely associated

The Company announces that on 8 September 2023, Will Hobman, Chief Financial
Officer and Director of the Company, exercised 96,402 nil-cost share 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.

Separately, also on 8 September 2023, Will Hobman, exercised 24,564 nil cost
share options which were granted in September 2021 under the NewRiver REIT plc
Deferred Bonus Plan 2016.

Will Hobman has paid the income tax and National Insurance contributions from
personal funds on both transactions and has therefore retained the full
balance of Shares.

Following these transactions, Will Hobman has a beneficial interest in 354,955
Ordinary Shares, increased by 120,966 from 233,989 Ordinary Shares prior to
these transactions.

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 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                                                         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                                    Exercise of 96,402 nil cost options granted under the NewRiver REIT plc

                                                            Performance Share Plan 2016

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   Nil       96,402

 
 d)   Aggregated information

                                                                   N/a single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      8 September 2023

 f)   Place of the transaction                                     London Stock Exchange

 

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

N/a single transaction

 

 

 

e)

 

Date of the transaction

 

8 September 2023

 

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

                                                                   Ordinary shares of one penny each

      Identification code

                                                                    GB00BD7XPJ64
 b)   Nature of the transaction                                    Exercise of 24,564 nil cost options granted under the NewRiver REIT plc

                                                            Deferred Bonus Plan 2016.

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   Nil       24,564

 
 d)   Aggregated information

                                                                   N/a single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      8 September 2023

 f)   Place of the transaction                                     London Stock Exchange

 

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

N/a single transaction

 

 

 

e)

 

Date of the transaction

 

8 September 2023

 

f)

 

Place of the transaction

 

London Stock Exchange

 

 

 

 

 

 

For further information

 

 NewRiver REIT plc                                              +44 (0)20 3328 5800
 Lucy Mitchell  (Communications & Investor Relations)

 Kerin Williams (Company Secretary)

 

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