NewRiver REIT PLC Notification of transactions by PDMR (2887K)
December 12 2018 - 9:07AM
UK Regulatory
TIDMNRR
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 Initial Notification
/Amendment
--------------------------- ------------------------------------------
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, Ordinary shares of one penny each
type of instrument
GB00BD7XPJ64
Identification code
--------------------------- ------------------------------------------
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 230,388
- Price 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 Initial Notification
/Amendment
--------------------------- ------------------------------------------
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, Ordinary shares of one penny each
type of instrument
GB00BD7XPJ64
Identification code
--------------------------- ------------------------------------------
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 73,864
- Price 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 Initial Notification
/Amendment
--------------------------- ------------------------------------------
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, Ordinary shares of one penny each
type of instrument
GB00BD7XPJ64
Identification code
--------------------------- ------------------------------------------
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 8,705
- Price 2.1715
-------------------------------- ------------------------------------------
e) Date of the transaction 7 December 2018 / 10 December 2018
--------------------------- ------------------------------------------
f) 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 rns@lseg.com or visit www.rns.com.
END
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