REG - Palace Capital PLC - Director Dealing

Palace CapitalAnnouncement

16/06/2021 10:55

RNS Number : 1013C
  
Palace Capital PLC
  
16 June 2021
  
 

16 June 2021
 
 
Palace Capital PLC
("Palace Capital", the "Company" or the "Group")
 
Director Dealing
 
Palace Capital (LSE: PCA), the Main Market REIT that has a UK regional commercial real estate portfolio focused on the office and industrial sectors in carefully selected locations outside of London, announces that yesterday, 15 June 2021, 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 2021 has been allocated to Share Options based on the ruling price of £2.53, as follows:




Director/PDMR


Share Options Allocated




Neil Sinclair


14,755




Stephen Silvester


10,835




Richard Starr


11,176




 
 
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 / Akhil Shah
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.   Stephen Silvester (Chief Financial Officer)
c.   Richard Starr (Executive Property 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.   14,755
b.   10,835
c.   11,176




d)


Aggregated information
- Aggregated volume
- Price


 
36,766
Nil




e)


Date of the transaction


15 June 2021




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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHFIFEARLIRLIL