REG - Palace Capital PLC - Director/PDMR Shareholding

Palace CapitalAnnouncement

17/10/2023 16:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231017:nRSQ4158Qa&default-theme=true

RNS Number : 4158Q  Palace Capital PLC  17 October 2023

17 October 2023

 

 

Palace Capital PLC

("Palace Capital", the "Company" or the "Group")

 

Director / PDMR Dealing

 

Palace Capital (LSE: PCA) announces the following transactions by a Director
and certain PDMRs of the Company pursuant to the awards granted on 14 October
2020 under the Palace Capital Long Term Incentive Plan (2020 LTIP).

 

On 16 October 2023, 50% of the awards granted under the 2020 LTIP vested in
line with the Performance Conditions set at the time of award. In accordance
with the rules of the plan, additional shares were added to each award
equivalent to the dividends payable during the three year performance period.

 

The Director and PDMRs exercised and received their awards net of income tax
and national insurance liabilities, retaining the balance. Awards were
satisfied using shares from the Palace Capital PLC Employee Benefit Trust.

 

Director and PDMR shareholdings

Following these transactions, the Director and PDMR's, including persons
closely associated with them, have the following interests in the Ordinary
Shares of 10 pence of the Company:

 

 Director/PDMR                             Shares held prior to the transactions  Net number of Shares acquired  Total Palace shares held  % of Palace shares in issue
 Matthew Simpson, Chief Financial Officer  21,084                                 9,349                          30,433                    0.1%
 Daniel Davies, Head of Asset Management   3,682                                  9,349                          13,031                    0.03%
 Thomas Hood Head of Investment            3,138                                  8,534                          11,672                    0.03%

 

 

PALACE CAPITAL PLC

Steven Owen, Executive Chairman / Matthew Simpson, Chief Financial Officer

info@palacecapitalplc.com

Financial PR

FTI Consulting

Dido Laurimore/ Giles Barrie

Tel: +44 (0)20 3727 1000

palacecapital@fticonsulting.com (mailto:palacecapital@fticonsulting.com)

www.palacecapitalplc.com

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         a.   Matthew Simpson (Chief Financial Officer)

                                                                   b.   Daniel Davies (Head of Asset Management)

                                                                   c.   Thomas Hood (Head of Investment)
 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  Exercise of option over Ordinary shares of 10p

       Identification code

                                                                   Identification code (ISIN) for Palace Capital plc ordinary shares:
                                                                   GB00BF5SGF06
 b)   Nature of the transaction                                    Exercise of options
 c)   Price(s) and volume(s)                                        Price: nil

                                                                   a.   9,349

                                                                   b.   9,349

                                                                   c.   8,534
 d)   Aggregated information

      - Aggregated volume                                          27,232

      - Price                                                      Nil
 e)   Date of the transaction                                      16 October 2023
 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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHFLFIFISLDLIV