17 Jun 2019 10:40
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 14 June 2019 of the following transactions by persons discharging managerial responsibilities.
David Lockhart, Executive Deputy Chairman, exercised subscription rights in relation to warrants over the ordinary shares of the Company, purchased additional shares in the Company and sold some shares to fund the exercise price of the warrants.
The transactions consisted of:
· The exercise of 128,175 warrants over ordinary shares at a subscription price of 118p per share
· 72,021 of the resultant shares were sold to fund the majority of exercise price, with 56,154 shares retained
· 5,646 shares were purchased into David's ISA and pension
As a result of the transactions, David has increased his shareholding in NewRiver to 1,855,000 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
| 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
| · The exercise of 128,175 warrants over ordinary shares at a subscription price of 118p per share. · Purchase of 5,646 ordinary shares. · Sale of 72,021 ordinary shares. | ||||||||
c)
| Price(s) and volume(s)
|
| ||||||||
d)
| Aggregated information
- Aggregated volume - Price |
Purchase
Sale
| ||||||||
e)
| Date of the transaction
| 14 June 2019 | ||||||||
f)
| Place of the transaction
| London Stock Exchange | ||||||||
NewRiver (NRR)