REG - Palace Capital PLC - Director/PDMR Shareholding
RNS Number : 2255OPalace Capital PLC30 September 201930 September 2019
Palace Capital PLC
("Palace Capital", the "Company" or the "Group")
Director Dealing
Palace Capital, the property investment company that focusses on commercial property outside London, has been informed that certain Directors and PDMRs of the Company sold then repurchased Ordinary Shares to facilitate an ISA transfer. Further details are set out below.
Date of the Transaction
Director
Position
No. of Ordinary Shares Sold
Price
(p)
No. of Ordinary Shares purchased
Price
(p)
27 September 2019
Richard Starr
Executive Director
7,439
273.07
7,439
295.16
25 September 2019
Stephen Silvester
Finance Director
7,118
281.00
7,067
281.40
27 September 2019
Matthew Simpson
Financial Controller
3,212
276
3,162
276.90
Following these transaction, Richard Starr, Stephen Silvester and Matthew Simpson and persons closely associated with them are interested in 172,549, 29,969 and 3,162 Ordinary Shares respectively, representing 0.37% per cent, 0.07% per cent and 0.01% per cent. of the Company's voting rights. In the case of Stephen Silvester and persons closely associated this figure includes 149 Ordinary Shares that were purchased through the reinvestment of dividends paid by the Company as detailed below.
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 / Oliver Hardy
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
Richard Starr (Executive 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
Ordinary shares of 10p
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)
Nature of the transaction
Sale and Purchase of Shares
c)
Price(s) and volume(s)
Sale
7,439 at 273.07p
Purchase
7,439 at 295.16p
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
27 September 2019
f)
Place of the transaction
London Stock Exchange, (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Matthew Simpson (Financial Controller)
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
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)
Nature of the transaction
Sale and Purchase of Shares
c)
Price(s) and volume(s)
Sale
3,212 at 276.00p
Purchase
3,162 at 276.90p
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
27 September 2019
f)
Place of the transaction
London Stock Exchange, (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
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
Ordinary shares of 10p
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)
Nature of the transaction
Sale and Purchase of Shares
c)
Price(s) and volume(s)
Sale
7,118 at 281.00p
Purchase
7,067 at 281.40p
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
25 September 2019
f)
Place of the transaction
London Stock Exchange, (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
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
Ordinary shares of 10p
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)
Nature of the transaction
Purchase of Shares
c)
Price(s) and volume(s)
70 shares at 294.60
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
15 May 2019
f)
Place of the transaction
London Stock Exchange, (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Hanneke Silvester (Spouse of PDMR)
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
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)
Nature of the transaction
Purchase of Shares
c)
Price(s) and volume(s)
79 shares at 294.60
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
15 May 2019
f)
Place of the transaction
London Stock Exchange, (XLON)
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.ENDDSHLLFIRAEIIVIA
Recent news on Palace Capital
See all newsREG - Palace Capital PLC - Boulton House disposal
AnnouncementREG - Palace Capital PLC - DISPOSALS AND DEBT UPDATE
AnnouncementREG - Palace Capital PLC - Total Voting Rights
AnnouncementREG - Palace Capital PLC - Dividend Declaration
AnnouncementREG - Palace Capital PLC - Holding(s) in Company
Announcement