Director dealings: Former NewRiver chief executive ups stake
David Lockhart, executive deputy chairman of NewRiver Real Estate Investment Trust, purchased 17,600 ordinary shares in the firm on Thursday.
FTSE 250
19,450.67
17:14 18/04/24
FTSE 350
4,334.00
17:14 18/04/24
FTSE All-Share
4,290.02
16:54 18/04/24
NewRiver REIT
72.30p
16:40 18/04/24
Real Estate Investment & Services
2,146.41
17:14 18/04/24
Lockhart, who stood down as chief executive earlier this year, allowing his son Allan to take the role, purchased the shares at an average price of 275p each for a total of £48,400.
NewRiver bought Grays Shopping Centre in Essex for £20.2m back in June.
The community shopping centre has 177,300 sq ft of retail space and a 32,000 sq ft office building with permitted development rights for residential conversion, on a 4.7 acre site, the company said.
The acquisition price represents a net initial yield of 9.4% on the shopping centre element and a capital value across the whole site of £40 per sq ft.
NewRiver said the site had an average rent of £9.62 per sq ft and a weighted average unexpired lease term of 4.6 years, which will facilitate asset management and risk-controlled development opportunities.
As of 1620 BST, NewRiver shares were down 1.09% to 271p.
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Newriver Reit (NRR)
Director name: Lockhart,Allan
Amount purchased: 17,600 @ 275.00p
Value: £48,400.00
Prospex Oil And Gas (PXOG)
Director name: Smith,James
Amount purchased: 3,000,000 @ 0.42p
Value: £12,660.00
Uil Limited (di) (UTL)
Director name: Shillson,David
Amount purchased: 4,588 @ 176.00p
Value: £8,074.88
Uil Limited (di) (UTL)
Director name: McLeland ,Warren
Amount purchased: 4,588 @ 176.00p
Value: £8,074.88
Uil Limited (di) (UTL)
Director name: Hill,Alison
Amount purchased: 4,588 @ 176.00p
Value: £8,074.88
Connemara Mining Co (CON)
Director name: Cockbill,David
Amount purchased: 250,000 @ 0.29p
Value: £725.00
Alliance Trust (ATST)
Director name: Sternberg,Karl
Amount purchased: 32 @ 744.96p
Value: £238.39
Saga (SAGA)
Director name: Hill,Jonathan
Amount purchased: 181 @ 127.00p
Value: £229.87
Alliance Trust (ATST)
Director name: Stewart,Gregor
Amount purchased: 29 @ 748.00p
Value: £216.92
Marshalls (MSLH)
Director name: Coffey,Martyn
Amount purchased: 37 @ 407.00p
Value: £150.59
Marshalls (MSLH)
Director name: Clarke,Jack
Amount purchased: 37 @ 407.00p
Value: £150.59
Saga (SAGA)
Director name: Batchelor,Lance
Amount purchased: 114 @ 127.00p
Value: £144.78
Ultra Electronics Holdings (ULE)
Director name: Sharma,Ami
Amount purchased: 9 @ 1,603.00p
Value: £144.27
Alliance Trust (ATST)
Director name: Samuel,Christopher
Amount purchased: 19 @ 748.00p
Value: £142.12
Rps Group (RPS)
Director name: Young,Gary
Amount purchased: 49 @ 253.00p
Value: £123.97
Alliance Trust (ATST)
Director name: Sternberg,Karl
Amount purchased: 16 @ 748.00p
Value: £119.68
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