Notification of transactions by persons discharging managerial responsibilities and persons closely associated
The Company announces that it was notified on 13 August 2019 of the following transactions by Allan Lockhart, Chief Executive Officer:
· The sale of 75,000 shares in order to fulfil a personal financial commitment forming part of a divorce settlement.
· The exercise of 42,470 nil cost share options which were granted on 14 July 2017 under the NewRiver REIT plc Deferred Bonus Plan 2016. 20,032 shares were sold in order to cover the associated tax liability. Allan has retained the balance of 22,438 shares.
· Allan's shareholding is now 405,633 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.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
PDMR - Chief Executive Officer
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
NewRiver REIT plc
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
Description of the financial instrument, type of instrument
Ordinary shares of one penny each
Nature of the transaction
· Sale of 75,000 shares
· Exercise of 42,470 nil cost share options and sale of 20,032 shares to cover the associated tax liability
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
13 August 2019
Place of the transaction
London Stock Exchange
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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