TIDMNRR

RNS Number : 0564M

NewRiver REIT PLC

11 September 2023

NewRiver REIT plc

("NewRiver" or the "Company")

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

The Company announces that on 8 September 2023, Will Hobman, Chief Financial Officer and Director of the Company, exercised 96,402 nil-cost share options, which were granted in August 2020 under the Company's Performance Share Plan 2016 ('PSP') and subsequently vested on 21 August 2023. Vesting of the awards was subject to the Company's total shareholder return and total accounting return performance conditions measured over a three-year period, which resulted in vesting of 50% of maximum.

Separately, also on 8 September 2023, Will Hobman, exercised 24,564 nil cost share options which were granted in September 2021 under the NewRiver REIT plc Deferred Bonus Plan 2016.

Will Hobman has paid the income tax and National Insurance contributions from personal funds on both transactions and has therefore retained the full balance of Shares.

Following these transactions, Will Hobman has a beneficial interest in 354,955 Ordinary Shares, increased by 120,966 from 233,989 Ordinary Shares prior to these transactions.

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.

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation. The notification of dealing forms can be found below.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                         Will Hobman 
     ---------------------------  -------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status              PDMR - Chief Financial Officer 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial Notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         NewRiver REIT plc 
     ---------------------------  -------------------------------------- 
 b)   LEI                          2138004GX1VAUMH66L31 
     ---------------------------  -------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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,         Ordinary shares of one penny each 
       type of instrument 
                                     GB00BD7XPJ64 
       Identification code 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Exercise of 96,402 nil cost options 
                                    granted under the NewRiver REIT plc 
                                    Performance Share Plan 2016 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      Nil         96,402 
                                                 ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
                                     N/a single transaction 
 
       - Aggregated volume 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      8 September 2023 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     London Stock Exchange 
     ---------------------------  -------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                             Will Hobman 
     -------------------------------  ------------------------------------- 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------- 
 a)   Position/status                  PDMR - Chief Financial Officer 
     -------------------------------  ------------------------------------- 
 b)   Initial Notification/Amendment   Initial Notification 
     -------------------------------  ------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                             NewRiver REIT plc 
     -------------------------------  ------------------------------------- 
 b)   LEI                              2138004GX1VAUMH66L31 
     -------------------------------  ------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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,             Ordinary shares of one penny each 
       type of instrument 
                                         GB00BD7XPJ64 
       Identification code 
     -------------------------------  ------------------------------------- 
 b)   Nature of the transaction        Exercise of 24,564 nil cost options 
                                        granted under the NewRiver REIT plc 
                                        Deferred Bonus Plan 2016. 
     -------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          Nil         24,564 
                                                     ---------- 
     -------------------------------  ------------------------------------- 
 d)   Aggregated information 
                                         N/a single transaction 
 
       - Aggregated volume 
       - Price 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          8 September 2023 
     -------------------------------  ------------------------------------- 
 f)   Place of the transaction         London Stock Exchange 
     -------------------------------  ------------------------------------- 
 

For further information

 
                                                  +44 (0)20 3328 
     NewRiver REIT plc                             5800 
     Lucy Mitchell (Communications 
      & Investor Relations) 
      Kerin Williams (Company Secretary) 
 

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END

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September 11, 2023 10:06 ET (14:06 GMT)

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