Last checked at 12 Dec 2018 14:07
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)
|
| ||||||||
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)
|
| ||||||
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)
|
| ||||||
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 | ||||||