REG - NewRiver REIT plc - Notification of transactions by PDMR

Newriver ReitAnnouncement

12/12/2018 14:10

RNS Number : 2887K
NewRiver REIT PLC
12 December 2018
 


 
NewRiver REIT plc
 
("NewRiver" or the "Company")
 
Notification of transactions by persons discharging managerial responsibilities and persons closely associated
 
The Company announces that it was notified on 10 December 2018 of the following transactions by persons discharging managerial responsibilities.
 
On 6 December 2018, Allan Lockhart exercised 192,784 nil cost share options which were granted under the NewRiver Retail Limited Performance Share Plan 2009, 205,546 nil cost share options which were granted under the NewRiver Retail Limited Deferred Bonus Plan 2009 and 12,309 warrants at an exercise price of 124 pence per ordinary share. 196,202 shares were sold in order to cover the cost of the exercise and the associated tax liability and 34,186 shares were sold for cash. Allan Lockhart has retained the balance of 180,251 shares, which increases his total shareholding in NewRiver from 277,944 to 458,195 ordinary shares.
 
On 6 December 2018, Mark Davies exercised 14,029 nil cost share options which were granted under the NewRiver Retail Limited Performance Share Plan 2009 and 142,576 nil cost share options which were granted under the NewRiver Retail Limited Deferred Bonus Plan 2009. 73,864 shares were sold in order to cover the associated tax liability. Mark Davies has retained the balance of 82,741 shares, which increases his total shareholding in NewRiver from 139,727 to 222,468 ordinary shares.
 
On 6 December 2018, David Lockhart exercised 18,705 nil cost share options which were granted under the NewRiver Retail Limited Performance Share Plan 2009. 8,705 shares were sold in order to cover the cost of the associated tax liability. David Lockhart has retained the balance of 10,000 shares, which increases his total shareholding in NewRiver from 1,752,626 to 1,762,626 ordinary shares.
 
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
 


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
 
 


Exercise of 192,784 nil cost share options granted under the NewRiver Retail Limited Performance Share Plan 2009. Sale of sufficient shares to cover the associated tax liabilities.
 
Exercise of 205,546 nil cost share options granted under the NewRiver Retail Limited Deferred Bonus Plan 2009. 78,394 shares retained and remainder sold.
 
Exercise and sale of 12,309 warrants issued at the initial public offering, with an exercise price of 124 pence.
 
 




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




 
2.1971


 
137,819




2.1275


80,260




2.12


12,309



 




d)
 


Aggregated information
 
 
- Aggregated volume
- Price


 
 
 
 230,388
 2.1687
 
 




e)
 


Date of the transaction
 


7 December 2018 / 10 December 2018




f)
 


Place of the transaction  
 


London Stock Exchange



 



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
 
 


Exercise of 14,029 nil cost share options granted under the NewRiver Retail Limited Performance Share Plan 2009. Sale of sufficient shares to cover the associated tax liabilities.
 
Exercise of 142,576 nil cost share options granted under the NewRiver Retail Limited Deferred Bonus Plan 2009. Sale of sufficient shares to cover the associated tax liabilities.
 




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




 
2.1971


 
46,680




2.1275


27,184



 




d)
 


Aggregated information
 
 
- Aggregated volume
- Price


 
 
 
73,864
2.1715 
 
 
 




e)
 


Date of the transaction
 


7 December 2018 / 10 December 2018




f)
 


Place of the transaction  
 


London Stock Exchange



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 


David Lockhart




2
 


Reason for the notification
 




a)
 


Position/status
 


PDMR - Executive Deputy Chairman




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
 
 


Exercise of 18,705 nil cost share options granted under the NewRiver Retail Limited Performance Share Plan 2009. Sale of sufficient shares to cover the associated tax liabilities.
 




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




 
2.1971


 
5,501




2.1275


3,204



 




d)
 


Aggregated information
 
 
- Aggregated volume
- Price


 
 
 
8,705
2.1715 
 
 
 




e)
 


Date of the transaction
 


7 December 2018 / 10 December 2018




f)
 


Place of the transaction  
 


London Stock Exchange



 
 




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