NewRiver REIT PLC Director/PDMR Shareholding
December 18 2024 - 8:56AM
RNS Regulatory News
RNS Number : 6273Q
NewRiver REIT PLC
18 December 2024
NewRiver REIT
plc
("NewRiver" or the "Company")
Notification of transactions
by persons discharging managerial
responsibilities
The Company announces that on 17
December 2024, Allan Lockhart, Chief Executive Officer and Director
of the Company, exercised 181,450 nil cost options which were
granted in July 2022 under the Company's Deferred Bonus
Plan.
85,711 Ordinary shares were sold in
order to cover the associated tax liability. The exercise of the
nil-cost options has been satisfied through the transfer of
existing Shares held by the Employee Benefit Trust and, as such, no
new Shares have been issued in connection with the option
exercise.
Following this exercise, Allan
Lockhart has a beneficial interest in 726,280 Ordinary Shares,
increased by 95,739 Ordinary Shares from 630,541 Ordinary Shares
prior to the exercise.
This announcement is made in
accordance with the requirements of the UK 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 181,450 nil cost share
options granted under the NewRiver REIT plc Deferred Bonus Plan
2016. Sale of 85,711 shares to cover the associated tax liabilities
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
79.16 pence
|
85,711
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/a single transaction
|
|
e)
|
Date of the transaction
|
17 December 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
For
further information
|
NewRiver REIT plc
|
|
|
+44
(0)20 3328 5800
|
|
Kerin Williams (Company
Secretary)
|
|
|
|
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END
DSHFFIFDAELSEIE
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