Source - LSE Regulatory
RNS Number : 7449R
NewRiver REIT PLC
07 July 2022
 

7 July 2022

 

NewRiver REIT plc

 

("NewRiver" or the "Company")

 

Notification of transactions by persons discharging managerial responsibilities

 

The Company announces that:

1.   Awards of nil-cost options over the Company's shares were granted to Executive Directors on 6 July 2022 under the Company's Performance Share Plan 2016 ('PSP') as shown below. Vesting of the awards is subject to the Company's total shareholder return and total accounting return performance conditions measured over a three-year period. Once vested, the awards must be held for a further two years before they can be exercised.

2.   Awards of Deferred Bonus Shares over the Company's shares were granted to Executive Directors on 6 July 2022 under the Company's Deferred Bonus Plan 2016 ('DBP') as shown below. Vesting of the awards is subject to continued employment at the date of vesting in two years' time.

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

 

 

·      Award over nil-cost options under the NewRiver REIT plc Performance Share Plan 2016.

·      Award over deferred bonus shares under the NewRiver REIT plc Deferred Bonus Plan 2016

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

Nil

 

 

 

 

532,880 (under the PSP)

 

 

148,960 (under the DBP)

 

Nil

 

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

N/a single transaction

 

 

 

 

e)

 

Date of the transaction

 

6 July 2022

f)

 

Place of the transaction  

 

London

 


1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Will Hobman

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

 

 

·      Award over nil-cost options under the NewRiver REIT plc Performance Share Plan 2016.

·      Award over deferred bonus shares under the NewRiver REIT plc Deferred Bonus Plan 2016

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Nil

 

Nil

Volume(s)

 

368,481 Under the PSP

 

109,255 (under the DBP)

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

- Price

 

N/a single transaction

 

 

 

 

e)

 

Date of the transaction

 

6 July 2022

f)

 

Place of the transaction  

 

London

 

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END
 
 
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