REG - Palace Capital PLC - Grant of awards under Deferred Bonus Plan

Palace CapitalAnnouncement

15/07/2020 07:00

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 £1.86, 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 /Amendment


Initial notification




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 financial instrument, type of instrument
 Identification code


Issue of nil cost share options 
 
Identification code (ISIN) for Palace 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
- Price


 
84,934
Nil




e)


Date of the transaction


14 July 2020




f)


Place of the transaction


Outside a trading venue 



 
 


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