RNS announcement

RNS Number : 2474B

Palace Capital PLC

31 March 2017

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			Palace Capital plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				ü
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):	Type 1 disclosure as per the Transparency Directive II Regulation			ü
3. Full name of person(s) subject to the notification obligation:		Schroders plc
4. Full name of shareholder(s) (if different from 3.):		Schroders plc & Schroder Investment Management Limited
5. Date of the transaction and date on which the threshold is crossed or reached:		30.03.17
6. Date on which issuer notified:		31.03.17
7. Threshold(s) that is/are crossed or reached:		From 14% - 13%

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Indirect

Direct

Indirect

Ordinary

GB00BF5SGF06

3,625,592

3,363,723

N/A

3,363,723

N/A

13.37%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/
Conversion Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date

Exercise/
Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A B C)

Number of voting rights

Percentage of voting rights

3,363,723

13.37%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Schroder Investment Management Limited 3,363,723 13.37%

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:	The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. This disclosure has been calculated based on issue share capital amount 25,150,692.
14. Contact name:	Chloe Talbot
15. Contact telephone number:	020 7658 7941

This information is provided by RNS

The company news service from the London Stock Exchange

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