REG - Palace Capital PLC - Director/PDMR Shareholding

Palace CapitalAnnouncement

18/07/2024 07:00

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RNS Number : 8149W  Palace Capital PLC  18 July 2024

18 July 2024

 

 

Palace Capital PLC

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

 

PDMR Dealings

 

Palace Capital (LSE: PCA) announces the following transactions by certain
PDMRs of the Company pursuant to the Tender Offer to Shareholders announced on
13 June 2024.

 

The Tender Offer was for up to 8,667,760 Ordinary Shares and a total of
26,793,801 Ordinary Shares were tendered and therefore the Tender Offer was
oversubscribed. Consequently, 8,667,760 Ordinary Shares have been accepted
pursuant to the Tender Offer.

 

The PDMRs below tendered Ordinary Shares in line with the Circular and, as the
Tender Offer was oversubscribed, the number of Shares Tendered were scaled
back. The Ordinary Shares tendered were sold at 250 pence per share and
following the purchases, the Shares were cancelled.

 

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 Sold under the Tender Offer  Total Palace Capital Shares held  % of Palace shares in issue post Tender Offer
 Daniel Davies, Head of Asset Management  13,031                                 5,855                                             7,176                             0.02%
 Thomas Hood Head of Investment           11,672                                 5,245                                             6,427                             0.02%
 Andrew Wolfe                             21,050                                 9,458                                             11,592                            0.04%

 Financial Controller

 

 

PALACE CAPITAL PLC

Steven Owen, Executive Chairman

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 (http://www.palacecapitalplc.com)

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         a.   Daniel Davies (Head of Asset Management)

                                                                   b.   Thomas Hood (Head of Investment)

                                                                   c.   Andrew Wolfe (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  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: 250 pence per Share

                                                                   a.   5,855

                                                                   b.   5,245

                                                                   c.   9,458
 d)   Aggregated information

      - Aggregated volume                                          20,558

      - Price                                                      51,395 GBP
 e)   Date of the transaction                                      17 July 2024
 f)   Place of the transaction                                     Outside a trading venue

 

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