REG - Palace Capital PLC - Director/PDMR Shareholding
RNS Number : 2316CPalace Capital PLC27 September 201827 September 2018
Palace Capital PLC
("Palace Capital" or the "Company")
Director Dealing
Deferred Bonus Plan - Vesting of Awards Granted 25 September 2017
Palace Capital (LSE: PCA), the property investment company that focusses on commercial property outside of London, today announces that on 27 September 2018, the independent Trustee of the Palace Capital EBT notified the Company that it had on 27 September 2018 transferred the beneficial interest of 34,024 Ordinary shares of 10 pence each fully paid in the Company, being the awards granted on 25 September 2017 under the Palace Capital Deferred Bonus Plan to the Executive Directors listed in the table that follows.
Vesting of these shares was subject to continuous employment over the one-year period from date of grant.
1
Details of the person(s) discharging managerial responsibilities/person closely associated with
a)
Name(s)
Neil Sinclair (Chief Executive)
Richard Starr (Executive Director)
Stephen Silvester (Finance Director)
2
Reason for the notification
a)
Position/status
As noted in 1a) 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
Ordinary shares of 10 pence each fully paid
ISIN: GB00BF5SGF06
b)
Nature of transaction
Vesting of Awards under the Palace Capital plc Deferred Bonus Plan
c)
Price(s) and volume(s)
Vesting of awards granted under the Palace Capital plc Deferred Bonus Scheme on 27 September 2018 at a vesting price of 306 pence
Executive Director/PDMR
Gross Award of Shares
Accrued Dividend Shares
Total Shares
No. Shares sold at 306 pence to meet income tax and National Insurance liabilities
Net Number of Shares transferred to Participant
Neil Sinclair (Chief Executive)
15,533
965
16,518
0
16,518
Richard Starr (Executive Director)
11,649
723
12,372
0
12,372
Stephen Silvester (Finance Director)
9,130
566
9,686
4,552
5,134
d)
Aggregated information
- Aggregated volume
- Price
As noted in 4c) above
As noted in 4c) above
e)
Date of transaction
27 September 2018
f)
Place of transaction
Outside a trading venue
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