NewRiver REIT plc
("NewRiver" or the "Company")
Notification of transactions by persons discharging managerial responsibilities and persons closely associated
The Company announces that Awards of nil-cost options over the Company's shares were granted to Executive Directors and Persons Discharging Managerial Responsibilities on 21 August 2020 under the Company's Performance Share Plan 2016 ('PSP') as shown below.
Grant levels have been reduced by one third from the normal annual award levels to take account of the prevailing share price.
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.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Allan Lockhart |
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2
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Reason for the notification
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a)
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Position/status
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PDMR - Chief Executive Officer |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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NewRiver REIT plc |
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b)
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LEI
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2138004GX1VAUMH66L31 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of one penny each
GB00BD7XPJ64 |
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b)
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Nature of the transaction
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Award over nil-cost options under the NewRiver REIT plc Performance Share Plan 2016.
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume - Price |
N/a single transaction
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e)
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Date of the transaction
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21 August 2020 |
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f)
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Place of the transaction
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London |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Mark Davies |
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2
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Reason for the notification
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a)
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Position/status
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PDMR - Chief Financial Officer |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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NewRiver REIT plc |
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b)
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LEI
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2138004GX1VAUMH66L31 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of one penny each
GB00BD7XPJ64 |
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b)
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Nature of the transaction
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Award over nil-cost options under the NewRiver REIT plc Performance Share Plan 2016.
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume - Price |
N/a single transaction
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e)
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Date of the transaction
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21 August 2020 |
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f)
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Place of the transaction
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London |
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For further information
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NewRiver REIT plc |
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+44 (0)20 3328 5800 |
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Tom Loughran (Head of Investor Relations) |
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