NewRiver REIT PLC Director/PDMR Shareholding (5152S)

TIDMNRR

RNS Number : 5152S

NewRiver REIT PLC

21 December 2016

NewRiver REIT plc

("NewRiver" or the "Company")

Notification of transactions by persons discharging managerial responsibilities and persons closely associated

The Company has been notified that Mark Davies, Chief Financial Officer, has exercised 339,693 share options which were granted under the NewRiver Retail Limited Unapproved Share Option Plan 2009. In order to cover the cost of the exercise of the options and the associated tax liability 289,400 shares were sold. Mark Davies has retained the balance of shares, giving him a total shareholding of 124,838 ordinary shares, with a market value in excess of 1x his base salary, as per the Company's shareholding policy.

 
 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      Initial Notification 
       /Amendment 
---  ------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------- 
 a)   Name                      NewRiver REIT plc 
---  ------------------------  ----------------------------------------- 
 b)   LEI                       LEIN006382016082315330620382 
---  ------------------------  ----------------------------------------- 
 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              Ordinary shares of one pence 
       instrument, type           each 
       of instrument 
                                  GB00BD7XPJ64 
       Identification 
       code 
---  ------------------------  ----------------------------------------- 
 b)   Nature of the                  Exercise of 339,693 share 
       transaction                    options granted under the 
                                      NewRiver Retail Limited Unapproved 
                                      Share Option Plan 2009: 
                                       *    38,693 at GBP2.715 
 
 
                                       *    15,000 at GBP2.435 
 
 
                                       *    286,000 at GBP2.350 
 
 
 
                                      Sale of sufficient shares 
                                      to cover the cost of those 
                                      options and associated tax 
                                      liabilities. 
---  ------------------------  ----------------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
 
                                    GBP3.35     289,400 
                                  ----------  ---------- 
---  ------------------------  ----------------------------------------- 
 d)   Aggregated information 
                                  N/a single transaction 
 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ----------------------------------------- 
 e)   Date of the transaction   21 December 2016 
---  ------------------------  ----------------------------------------- 
 f)   Place of the              London Stock Exchange 
       transaction 
---  ------------------------  -----------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHFEWFLFFMSELE

(END) Dow Jones Newswires

December 21, 2016 09:49 ET (14:49 GMT)

Grafico Azioni Newriver Reit (LSE:NRR)
Storico
Da Giu 2024 a Lug 2024