t
NewRiver REIT plc announced that on 18 June 2026, Conditional Share Awards (CSA) and Deferred Bonus Awards (DBA) were granted under its Long Term Incentive Plan 2025. CEO Allan Lockhart received 1,009,670 CSAs and 128,657 DBAs, while CFO Will Hobman received 778,725 CSAs and 88,990 DBAs, all at a nil price. These off-market transactions involved ordinary shares of one penny each.
| Date | 19 Jun 2026 |
| Time | 16:43:33 |
| Category | Director/PDMR dealings |
| ID | 0883J |
19 June 2026
NewRiver REIT plc
("NewRiver" or the "Company")
Notification of transactions by persons discharging managerial responsibilities
The Company announces that awards have been granted under the NewRiver REIT Plc Long Term Incentive Plan 2025 (as approved by the shareholders at the AGM in 2025) as follows:
1. Conditional Share Awards (CSA) which are nil-cost options over the Company's shares, 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 must be held for a further two years before they can be exercised.
2. Deferred Bonus Awards (DBA) as shown below. Vesting of the awards is subject to continued employment at the date of vesting in two years' time.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||||
|
a)
|
Name
|
Allan Lockhart |
|||||
|
2
|
Reason for the notification
|
||||||
|
a)
|
Position/status
|
PDMR - Chief Executive Officer |
|||||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
|||||
|
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 instrument, type of instrument
Identification code
|
Ordinary shares of one penny each
GB00BD7XPJ64 |
|||||
|
b)
|
Nature of the transaction
|
· Conditional Share Award. · Deferred Bonus Award
|
|||||
|
c)
|
Price(s) and volume(s)
|
|
|||||
|
d)
|
Aggregated information
- Aggregated volume - Price |
N/a single transaction
|
|||||
|
e)
|
Date of the transaction
|
18 June 2026 |
|||||
|
f)
|
Place of the transaction
|
Off-market |
|||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||
|
a)
|
Name
|
Will Hobman |
||
|
2
|
Reason for the notification
|
|||
|
a)
|
Position/status
|
PDMR - Chief Financial Officer |
||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
||
|
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 instrument, type of instrument
Identification code
|
Ordinary shares of one penny each
GB00BD7XPJ64 |
||
|
b)
|
Nature of the transaction
|
· Conditional Share Award. · Deferred Bonus Award
|
||
|
c)
|
Price(s) and volume(s)
|
|
||
|
d)
|
Aggregated information
- Aggregated volume - Price |
N/a single transaction
|
||
|
e)
|
Date of the transaction
|
18 June 2026 |
||
|
f)
|
Place of the transaction
|
Off-market |
||
For further information
|
NewRiver REIT plc |
|
|
+44 (0)20 3328 5800 |
|
Kerin Williams (Company Secretary) |
|
|
|