Director/PDMR Shareholding
NewRiver REIT plc has announced the granting of awards under its Long Term Incentive Plan 2025 to persons discharging managerial responsibilities. Chief Executive Officer Allan Lockhart received a Conditional Share Award of 1,009,670 nil-cost options and a Deferred Bonus Award of 128,657 shares, both vesting subject to performance conditions and continued employment. Chief Financial Officer Will Hobman was granted a Conditional Share Award of 778,725 nil-cost options and a Deferred Bonus Award of 88,990 shares, with vesting contingent on continued employment. These off-market transactions occurred on 18 June 2026.
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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:
- 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.
- 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 |
| a) | Name | NewRiver REIT plc |
| b) | LEI | 2138004GX1VAUMH66L31 |
| b) | Nature of the transaction | · Conditional Share Award. · Deferred Bonus Award |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 1,009,670 (CSA) 128,657 (DBA) Nil |
| 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 |
| a) | Name | NewRiver REIT plc |
| b) | LEI | 2138004GX1VAUMH66L31 |
| b) | Nature of the transaction | · Conditional Share Award. · Deferred Bonus Award |
| c) | Price(s) and volume(s) | Price(s) Nil Nil Volume(s) 778,725 (CSA) 88,990 (DBA) |
| 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 |
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