Palace Capital PLC Director/PDMR Shareholding (7329S)
13 Julio 2020 - 1:00AM
UK Regulatory
TIDMPCA
RNS Number : 7329S
Palace Capital PLC
13 July 2020
13 July 2020
Palace Capital PLC
("Palace Capital", the "Company" or the "Group")
Director Dealing
Palace Capital (LSE: PCA), the UK REIT that has a UK regional
commercial real estate portfolio with a bias towards the office and
industrial sectors in carefully selected locations outside of
London, announces the following transactions by certain Directors
of the Company pursuant to the awards granted on 24 June 2019 under
the Palace Capital Deferred Bonus Plan (2019 DBP).
DBP
On 24 June 2019 the awards granted under the 2019 DBP became
exercisable following satisfaction of the one-year service period.
In accordance with the rules of the plan, as part of the exercise
additional shares were added to each award, equivalent to the
dividends payable during the service period.
Exercise
On 9 July 2020 Directors exercised their awards and sold
sufficient Shares to meet income tax and national insurance
liabilities, retaining the balance. Awards were satisfied using
shares from the Palace Capital PLC Employee Benefit Trust.
Directors shareholdings
Following these transactions, the Director's and PDMR's,
including persons closely associated with them, have the following
interests in the Ordinary Shares of 10 pence of the Company:
Director/PDMR Shares Share options No. of shares Total Palace % of Palace
held prior exercised sold shares shares
to the held in issue
transactions
Neil Sinclair 253,066 13,907 6,258 260,715 0.57%
-------------- ------------- ------------- ------------- ------------
Richard Starr 194,014 10,492 4,931 199,575 0.43%
-------------- ------------- ------------- ------------- ------------
Stephen Silvester 29,915 8,783 4,128 34,570 0.08%
-------------- ------------- ------------- ------------- ------------
For further information, contact:
PALACE CAPITAL PLC
Neil Sinclair, Chief Executive
Stephen Silvester, Finance Director
Tel. +44 (0)20 3301 8331
Broker
Numis Securities
Heraclis Economides / George Fry
Tel: +44 (0)20 7260 1000
Broker
Arden Partners plc
Corporate Finance: Paul Shackleton / Ciaran Walsh / Daniel
Gee-Summons
Corporate Broking: James Reed-Daunter
Tel: +44 (0)207 614 5900
Financial PR
FTI Consulting
Claire Turvey / Methuselah Tanyanyiwa
Tel: +44 (0)20 3727 1000
palacecapital@fticonsulting.com
About Palace Capital plc ( www.palacecapitalplc.com )
Palace Capital is a property investment company with a premium
listing on the Main Market of the London Stock Exchange (Stock
Code: PCA). The Company owns a diversified regional portfolio
across the UK and has a reputation for being entrepreneurial and
opportunistic. Palace Capital acquires properties where it can
enhance the long-term income and capital value through asset
management and strategic capital development in locations outside
London.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name a. Neil Sinclair (Chief Executive)
b. Richard Starr (Executive Director)
c. Stephen Silvester (Finance Director)
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status See 1 a) above
-------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Palace Capital plc
-------------------------- -------------------------------------------
b) LEI 2138009JDFQOXJFCJQ05
-------------------------- -------------------------------------------
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 Exercise of option over Ordinary shares
financial instrument, of 10p
type of instrument
Identification code Identification code (ISIN) for Palace
Capital plc ordinary shares: GB00BF5SGF06
-------------------------- -------------------------------------------
b) Nature of the transaction Exercise of options
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Price: nil
a. 13,907
b. 10,492
c. 8,783
-------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume 33,182
- Price Nil
-------------------------- -------------------------------------------
e) Date of the transaction 9 July 2020
-------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name a. Neil Sinclair (Chief Executive)
b. Richard Starr (Executive Director)
c. Stephen Silvester (Finance Director)
--------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status See 1 a) above
--------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Palace Capital plc
--------------------------- ----------------------------------------------
b) LEI 2138009JDFQOXJFCJQ05
--------------------------- ----------------------------------------------
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 Sale of Ordinary shares of 10p
financial instrument,
type of instrument Identification code (ISIN) for Palace
Identification code Capital plc ordinary shares: GB00BF5SGF06
--------------------------- ----------------------------------------------
b) Nature of the transaction Sale of Shares
--------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price: 184p
a. 6,258
b. 4,931
c. 4,128
--------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume 15,317
- Price 184p
-------------------------------- ----------------------------------------------
e) Date of the transaction 9 July 2020
--------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, (XLON)
--------------------------- ----------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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July 13, 2020 02:00 ET (06:00 GMT)
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