TIDMNRR

RNS Number : 0138J

NewRiver REIT PLC

23 June 2017

23 June 2017

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 22 June 2017 under the Company's Performance Share Plan 2016 as shown below. 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 have to be held for a further two years before they can be exercised.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name                      David Lockhart 
---  ------------------------  ------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status           PDMR - Chief Executive 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                       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              Ordinary shares of one pence 
       instrument, type           each 
       of instrument 
                                  GB00BD7XPJ64 
       Identification 
       code 
---  ------------------------  ------------------------------- 
 b)   Nature of the             Award over nil-cost options 
       transaction               under the NewRiver REIT plc 
                                 Performance Share Plan 2016 
---  ------------------------  ------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
 
                                    Nil         129,983 
                                  ----------  ---------- 
---  ------------------------  ------------------------------- 
 d)   Aggregated information 
                                  N/a single transaction 
 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ------------------------------- 
 e)   Date of the transaction   22 June 2017 
---  ------------------------  ------------------------------- 
 f)   Place of the              London 
       transaction 
---  ------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name                      Allan Lockhart 
---  ------------------------  ------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status           PDMR - Property Director 
---  ------------------------  ------------------------------- 
 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                       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              Ordinary shares of one pence 
       instrument, type           each 
       of instrument 
                                  GB00BD7XPJ64 
       Identification 
       code 
---  ------------------------  ------------------------------- 
 b)   Nature of the             Award over nil-cost options 
       transaction               under the NewRiver REIT plc 
                                 Performance Share Plan 2016 
---  ------------------------  ------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
 
                                    Nil         122,761 
                                  ----------  ---------- 
---  ------------------------  ------------------------------- 
 d)   Aggregated information 
                                  N/a single transaction 
 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ------------------------------- 
 e)   Date of the transaction   22 June 2017 
---  ------------------------  ------------------------------- 
 f)   Place of the              London 
       transaction 
---  ------------------------  ------------------------------- 
 
 
 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                       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              Ordinary shares of one pence 
       instrument, type           each 
       of instrument 
                                  GB00BD7XPJ64 
       Identification 
       code 
---  ------------------------  ------------------------------- 
 b)   Nature of the             Award over nil-cost options 
       transaction               under the NewRiver REIT plc 
                                 Performance Share Plan 2016 
---  ------------------------  ------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
 
                                    Nil         115,540 
                                  ----------  ---------- 
---  ------------------------  ------------------------------- 
 d)   Aggregated information 
                                  N/a single transaction 
 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ------------------------------- 
 e)   Date of the transaction   22 June 2017 
---  ------------------------  ------------------------------- 
 f)   Place of the              London 
       transaction 
---  ------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name                      Nick Sewell 
---  ------------------------  ------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status           PDMR 
---  ------------------------  ------------------------------- 
 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                       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              Ordinary shares of one pence 
       instrument, type           each 
       of instrument 
                                  GB00BD7XPJ64 
       Identification 
       code 
---  ------------------------  ------------------------------- 
 b)   Nature of the             Award over nil-cost options 
       transaction               under the NewRiver REIT plc 
                                 Performance Share Plan 2016 
---  ------------------------  ------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
 
                                    Nil         59,575 
                                  ----------  ---------- 
---  ------------------------  ------------------------------- 
 d)   Aggregated information 
                                  N/a single transaction 
 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ------------------------------- 
 e)   Date of the transaction   22 June 2017 
---  ------------------------  ------------------------------- 
 f)   Place of the              London 
       transaction 
---  ------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

June 23, 2017 05:40 ET (09:40 GMT)

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