Director/PDMR Shareholding
NewRiver REIT plc announced that Chief Executive Officer Allan Lockhart exercised 203,098 nil cost options on December 9, 2025, under the Deferred Bonus Plan. To cover associated tax liabilities, 96,013 ordinary shares were sold at 72.25 pence each, with the option exercise satisfied by shares held in the Employee Benefit Trust, meaning no new shares were issued. Following this transaction, Mr. Lockhart's beneficial interest in ordinary shares increased to 833,365.
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The Company announces that on 9 December 2025, Allan Lockhart, Chief Executive Officer and Director of the Company, exercised 203,098 nil cost options which were granted in July 2023 under the Company's Deferred Bonus Plan.
96,013 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, Allan Lockhart has a beneficial interest in 833,365 Ordinary Shares, increased by 107,085 Ordinary Shares from 726,280 Ordinary Shares prior to the exercise.
| 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 | ||||
| a) | Name | NewRiver REIT plc | ||||
| b) | LEI | 2138004GX1VAUMH66L31 | ||||
| b) | Nature of the transaction | Exercise of 203,098 nil cost share options granted under the NewRiver REIT plc Deferred Bonus Plan 2016. Sale of 96,013 shares to cover the associated tax liabilities | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/a single transaction | ||||
| e) | Date of the transaction | 9 December 2025 | ||||
| f) | Place of the transaction | London Stock Exchange |
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