Palace Capital PLC Grant of awards under Deferred Bonus Plan (0096T)
15 Julio 2020 - 1:00AM
UK Regulatory
TIDMPCA
RNS Number : 0096T
Palace Capital PLC
15 July 2020
15 July 2020
Palace Capital PLC
("Palace Capital", the "Company" or the "Group")
Grant of awards under Deferred Bonus Plan
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 that yesterday, 14 July 2020, the Company granted
options to the executive directors of the Company under the
Deferred Bonus Plan (the "DBP").
In accordance with the terms of the Deferred Bonus Plan, 35% of
the bonus due to the Company's Executives for the year ended 31st
March 2020 has been allocated to Share Options based on the ruling
price of GBP1.86, as follows:
Director/PDMR Share Options
Allocated
Neil Sinclair 34,417
--------------
Richard Starr 26,017
--------------
Stephen Silvester 24,500
--------------
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 Issue of nil cost share options
financial instrument,
type of instrument Identification code (ISIN) for Palace
Identification code Capital plc ordinary shares: GB00BF5SGF06
-------------------------- -------------------------------------------
b) Nature of the transaction Issue of options
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Issue of nil cost share options
a. 34,417
b. 26,017
c. 24,500
-------------------------- -------------------------------------------
d) Aggregated information
- Aggregated volume 84,934
- Price Nil
-------------------------- -------------------------------------------
e) Date of the transaction 14 July 2020
-------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------------
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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