NewRiver REIT PLC Director/PDMR Shareholding (4875L)
July 19 2017 - 4:15AM
UK Regulatory
TIDMNRR
RNS Number : 4875L
NewRiver REIT PLC
19 July 2017
19 July 2017
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, on 17(th) July 2017, Nick
Sewell has exercised 79,040 nil cost share options which were
granted under the NewRiver Retail Limited Performance Share Plan
2009.
In order to cover the associated tax liability, 37,280 shares
were sold. Nick Sewell has retained the balance of shares, giving
him a total shareholding of 191,692 ordinary shares.
In addition, the Company has been notified that, on 18(th) July
2017, Nick Sewell has exercised 445,647 share options granted under
the NewRiver Retail Limited Unapproved Share Option Plan 2009. The
share options were exercised at the following prices:
102,647 @ GBP2.715
15,000 @ GBP2.435
328,000 @ GBP2.350
All of the shares were sold in the market at a price of GBP3.451
per share. Deductions were made for the cost of exercise and
associated tax liabilities.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Nick Sewell
--- ------------------------ -------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status PDMR - Investment 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 Exercise of 79,040 nil cost
transaction share options granted under
the NewRiver Retail Limited
Performance Share Plan 2009.
Sale of sufficient shares
to cover the associated tax
liabilities.
--- ------------------------ -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- ----------
GBP3.481 37,280
----------- ----------
--- ------------------------ -------------------------------
d) Aggregated information
N/a single transaction
- Aggregated
volume
- Price
--- ------------------------ -------------------------------
e) Date of the transaction 17 July 2017
--- ------------------------ -------------------------------
f) Place of the London Stock Exchange
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 - Investment 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 Exercise of 445,647 share
transaction options granted under the
NewRiver Retail Limited Unapproved
Share Option Plan 2009.
Sale of all shares to cover
the purchase costs and associated
tax liabilities.
--- ------------------------ ------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- ----------
GBP3.451 445,647
----------- ----------
--- ------------------------ ------------------------------------
d) Aggregated information
N/a single transaction
- Aggregated
volume
- Price
--- ------------------------ ------------------------------------
e) Date of the transaction 18 July 2017
--- ------------------------ ------------------------------------
f) Place of the London Stock Exchange
transaction
--- ------------------------ ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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