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On 9 September 2025, Will Hobman, Chief Financial Officer and Director of NewRiver REIT plc, exercised 140,439 nil cost options granted in June 2023. Concurrently, 66,339 Ordinary shares were sold at 70.25 pence to cover associated tax liabilities, with the option exercise satisfied by shares from the Employee Benefit Trust. Following these transactions, Hobman's beneficial interest in Ordinary Shares increased by 74,100 to a total of 569,871 shares.
| Date | 10 Sept 2025 |
| Time | 17:11:01 |
| Category | Director/PDMR dealings |
| ID | 8509Y |
NewRiver REIT plc
("NewRiver" or the "Company")
Notification of transactions by persons discharging managerial responsibilities
The Company announces that on 9 September 2025, Will Hobman, Chief Financial Officer and Director of the Company, exercised 140,439 nil cost options which were granted in June 2023 under the Company's Deferred Bonus Plan.
66,339 Ordinary shares were sold in order to cover the associated tax liability. 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.
Following this exercise, Will Hobman has a beneficial interest in 569,871 Ordinary Shares, increased by 74,100 Ordinary Shares from 495,771 Ordinary Shares prior to the exercise.
This announcement is made in accordance with the requirements of the UK Market Abuse Regulation. The notification of dealing forms can be found below.
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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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Will Hobman |
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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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Exercise of 140,439 nil cost share options granted under the NewRiver REIT plc Deferred Bonus Plan 2016. Sale of 66,339 shares to cover the associated tax liabilities |
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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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9 September 2025
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f)
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Place of the transaction
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London Stock Exchange |
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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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Kerin Williams (Company Secretary) |
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