REG - NewRiver REIT plc - Director/PDMR Shareholding

Newriver ReitAnnouncement

18/12/2024 14:00

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RNS Number : 6273Q  NewRiver REIT PLC  18 December 2024

NewRiver REIT plc

("NewRiver" or the "Company")

Notification of transactions by persons discharging managerial
responsibilities

The Company announces that on 17 December 2024, Allan Lockhart, Chief
Executive Officer and Director of the Company, exercised 181,450 nil cost
options which were granted in July 2022 under the Company's Deferred Bonus
Plan.

85,711 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 726,280
Ordinary Shares, increased by 95,739 Ordinary Shares from 630,541 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

                                                                   Ordinary shares of one penny each

      Identification code

                                                                    GB00BD7XPJ64
 b)   Nature of the transaction                                    Exercise of 181,450 nil cost share options granted under the NewRiver REIT plc

                                                            Deferred Bonus Plan 2016. Sale of 85,711 shares to cover the associated tax
                                                                   liabilities

 c)   Price(s) and volume(s)

Price(s)     Volume(s)

                                                                   79.16 pence  85,711

 
 d)   Aggregated information

                                                                   N/a single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      17 December 2024

 f)   Place of the transaction                                     London Stock Exchange

 

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

N/a single transaction

 

 

 

e)

 

Date of the transaction

 

17 December 2024

 

f)

 

Place of the transaction

 

London Stock Exchange

 

 

 

For further information

 

 NewRiver REIT plc                       +44 (0)20 3328 5800
 Kerin Williams (Company Secretary)

 

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