REG - Palace Capital PLC - Director/PDMR Shareholding

Palace CapitalAnnouncement

14/01/2019 07:05

RNS Number : 9347M
Palace Capital PLC
14 January 2019
 


Palace Capital PLC
 ("Palace Capital" or the "Company")
Director Dealing
The Company was informed on 10 January 2019 that Neil Sinclair and Stephen Silvester, directors of the Company, and David Kaye, a PDMR of the Company, sold in aggregate 28,836 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 309 pence. The Ordinary Shares sold by each of the directors and PDMR were part of the Ordinary Shares issued under the 2015 Palace Capital Long Term Incentive Plan ("LTIP"), as announced by the Company on 3 January 2019. The Ordinary Shares have subsequently been sold in order to settle tax liabilities arising from the Ordinary Shares issued under the LTIP and additionally, in the case of Neil Sinclair, tax on a year-end bonus.
Please refer to the table below for the details for each of the directors and PDMR.





Name of Director


LTIP shares exercised1


LTIP shares sold


LTIP shares retained


Total Palace shares held


% of Palace shares in issue




Neil Sinclair


21,240


21,240


-


229,279


0.50%




Richard Starr


5,974


-


5,974


149,921


0.33%




Stephen Silvester


8,629


4,056


4,573


11,865


0.03%




David Kaye


3,540


3,540


-


-


-



1.         As announced by the Company on 3 January 2019
 
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
 Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Neil Sinclair (Chief Executive Officer)
Stephen Silvester (Finance Director)
David Kaye (Company Secretary)
 




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


Ordinary shares of 10p each in Palace Capital plc
 
 
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06




b)


Nature of the transaction


Sale of shares




c)


Price(s) and volume(s)





Director/PDMR


 Price(s)


Volume(s)




Neil Sinclair


309p


21,240




Stephen Silvester


309p


4,056




David Kaye


309p


3,540



 




d)


Aggregated information
- Aggregated volume
- Price





 Price(s)


Volume(s)




309p


28,836








e)


Date of the transaction


10 January 2019




f)


Place of the transaction


London Stock Exchange, (XLON)



 
 
 
 
 




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