REG - NewRiver REIT plc - Director/PDMR Shareholding

Newriver ReitAnnouncement

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RNS Number : 6392L  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

                                                                   Ordinary shares of one penny each

      Identification code

                                                                   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

                                                                   N/a single transaction

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      12 December 2025

 f)   Place of the transaction                                     London Stock Exchange

 

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

 

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