REG - Palace Capital PLC - Exercise of options and total voting rights

Palace CapitalAnnouncement

03/01/2019 09:30

RNS Number : 0978M
Palace Capital PLC
03 January 2019
 


3 January 2019
 
Palace Capital plc
("Palace Capital", or the "Company")
 
Exercise of options and total voting rights
 
Palace Capital (LSE: PCA), the Main Market listed property investment company that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London, announces the following exercise of options over ordinary shares of 10p each in the Company ("Ordinary Shares") to certain directors and a PDMR under the 2015 Palace Capital Long Term Incentive Plan ("LTIP"). The 39,383 Ordinary Shares have been satisfied from existing shares held by the Palace Capital plc Employee Benefits Trust.




PDMR


Number of Ordinary Shares granted




Neil Sinclair, Chief Executive Office


21,240




Richard Starr, Executive Director


5,974




Stephen Silvester, Finance Director


8,629




David Kaye, Company Secretary                                               


3,540




 
The Company's issued and outstanding share capital will be 46,388,515 of which 505,266 Ordinary Shares are held in treasury. The net figure of 45,883,249 Ordinary Shares may be used as the denominator for shareholder calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Further information on remuneration and the LTIP is contained in the Company's 2018 Annual Report.
 
For further information, contact:
Palace Capital plc
Neil Sinclair, Chief Executive
Stephen Silvester, Finance Director
Tel. +44 (0)20 3301 8331
Arden Partners plc (Lead Broker)
Paul Shackleton / Ciaran Walsh / Alex Penney
Tel. +44 (0)207 614 5900
Allenby Capital Limited (Joint Broker)
Nick Naylor / James Reeve / Asha Chotai
Tel. +44 (0)20 3328 5656
FTI Consulting (Financial PR)
Claire Turvey / Methuselah Tanyanyiwa
palacecapital@fticonsulting.com
Tel. +44 (0)20 7271000
 
About Palace Capital plc (www.palacecapitalplc.com):
Palace Capital plc (LSE: PCA) is a Main Market listed property investment company that has a £283.3 million diversified portfolio of UK regional commercial property. The Company maintains a disciplined investment strategy focused on towns and cities outside of London that are characterised by thriving local economies and strengthening fundamentals. Within those locations, the highly experienced management team selects assets that provide opportunity to drive both capital value and long-term rental income through tailored active asset management programmes, ultimately delivering attractive shareholder returns.
 
 
 
 
 




1.               


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Neil Sinclair, Chief Executive Officer
Richard Starr, Executive Director
Stephen Silvester, Finance Director
David Kaye, Company Secretary




2.               


Reason for the Notification




a)


Position/status


See 1(a) above for positions - all classified as PDMRs of the Company




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


Ordinary shares of 10p each in Palace Capital plc




Identification code


Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06




b)


Nature of the transaction


Exercise of options over ordinary shares under LTIP scheme




c)


Price(s) and volume(s)






Name


Price(s)


Volume(s)




Neil Sinclair


Nil


21,240




Richard Starr


Nil


5,974




Stephen Silvester


Nil


8,629




David Kaye


Nil


3,540




 




d)


Aggregated information:
·     Aggregated volume
·     Price






Price(s)


Volume(s)




Nil


39,383




 




e)


Date of the transaction


2 January 2018




f)


Place of the transaction


London Stock Exchange, (XLON)



 
 
 
 



 




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