RNS Number : 8556R
Palace Capital PLC
14 December 2016
Palace Capital plc
("Palace Capital" or the "Company")
Director/PDMR shareholding
Palace Capital plc, the property investment company focusing on property outside London, has been informed that Richard Starr, Executive Director, was today informed that the trustees of the Self Invested Personal Pension Scheme of Mr Starr and of which Mr Starr is sole beneficiary on 7 December 2016 transferred 50,000 ordinary shares of 10p each in the Company ("Ordinary Shares") to the trustees of the Stancottage Pension Scheme of which Mr Starr is a member and in respect of which Mr Starr is the sole beneficiary of the Ordinary Shares for zero consideration in an off-market transaction. Richard Starr remains the sole beneficiary of these 50,000 Ordinary Shares.
Following this transfer, Mr Starr's notifiable interest remains at 82,258 Ordinary Shares, equivalent to 0.32 per cent. of the Company's voting rights. Mr Starr has the beneficial interest in 66,129 of these Ordinary Shares, 50,000 of which are registered as above and 16,129 are registered in his own name, and his wife, Sharon Starr, has the beneficial interest in 16,129 Ordinary Shares, registered in her own name.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Richard Starr |
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2 |
Reason for the notification |
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a) |
Position/status |
Executive Director |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Palace Capital plc |
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b) |
LEI |
n/a |
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4
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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 |
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a)
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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 |
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b) |
Nature of the transaction |
Transfer of shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
n/a |
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e) |
Date of the transaction |
07 December 2016 |
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f) |
Place of the transaction |
Outside a trading venue |
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-ends-
Date: 14 December 2016
For further information, contact:
Palace Capital plc
Neil Sinclair, Chief Executive
Stephen Silvester, Finance Director
Tel. 44 (0)20 3301 8331
Allenby Capital Limited (Nominated Adviser and Joint Broker)
Nick Naylor / James Reeve
Tel. 44 (0)20 3328 5656
Arden Partners plc (Joint Broker)
Chris Hardie / Ciaran Walsh
Tel. 44 (0)207 614 5917
Capital Access Group (Financial PR)
Scott Fulton / Jessica Bradford
Tel. 44 (0)20 3763 3400
This information is provided by RNS
The company news service from the London Stock Exchange
