RNS Number : 9911S
Palace Capital PLC
09 October 2017
Palace Capital PLC
("Palace Capital" or the "Company")
Director/PDMR Shareholdings
Further to the announcement on 6 October 2017, Palace Capital, the property investment company that focuses on commercial property outside London, announces the following changes to the interests of the Directors of the Company following the admission to trading on AIM of the New Ordinary Shares issued pursuant to the Placing and Open Offer:
|
Director/PDMR |
Placing Shares acquired |
Open Offer Shares acquired |
Total number of Ordinary Shares now held |
% of issued share capital |
|
Neil Sinclair |
8,824 |
359* |
232,761 |
0.51 |
|
Richard Starr |
29,411 |
- |
131,575 |
0.29 |
|
Stephen Silvester |
- |
- |
2,148 |
0.005 |
|
Anthony Dove |
5,000 |
- |
85,000 |
0.19 |
|
Kim Taylor-Smith |
10,000 |
- |
10,000 |
0.02 |
|
Stanley Davis |
- |
- |
1,565,287 |
3.41 |
*225 of these Open Offer Shares have been acquired by Neil Sinclair, 45 have been acquired by Pamela Sinclair, wife of Neil Sinclair and 89 have been acquired by London Active Management Limited, a company controlled by Mr Sinclair.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Neil Sinclair |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Executive Officer |
||||
|
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
Identification code |
Ordinary shares of 10p each in Palace Capital plc
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 |
||||
|
b) |
Nature of the transaction |
Purchase of shares
|
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
|
e) |
Date of the transaction |
9 October 2017 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Richard Starr |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Executive Director |
||||
|
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
Identification code |
Ordinary shares of 10p each in Palace Capital plc
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 |
||||
|
b) |
Nature of the transaction |
Purchase of shares |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
|
e) |
Date of the transaction |
9 October 2017 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Anthony Dove |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Non-Executive Director |
||||
|
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
Identification code |
Ordinary shares of 10p each in Palace Capital plc
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 |
||||
|
b) |
Nature of the transaction |
Purchase of shares |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
|
e) |
Date of the transaction |
9 October 2017 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Kim Taylor-Smith |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Non- Executive Director |
||||
|
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
Identification code |
Ordinary shares of 10p each in Palace Capital plc
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 |
||||
|
b) |
Nature of the transaction |
Purchase of shares |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
|
e) |
Date of the transaction |
9 October 2017 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
Date: 9 October 2017
Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the circular issued by the Company dated 19 September 2017 unless otherwise defined herein.
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 / Asha Chotai
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
Tel. 44 (0)20 3763 3400
About Palace Capital plc (www.palacecapitalplc.com):
Palace Capital is a UK property investment company admitted to trading on the AIM Market of the London Stock Exchange (LSE: PCA). The Company is not sector specific and looks for opportunities where it can enhance the long-term income and capital value through asset management and strategic capital development in locations outside London. In its last reported financial year, Palace Capital produced a 20.0% increase in adjusted profit before tax, a 7.0% uplift in EPRA NAV per share and a 16.0% increase in dividends.
This information is provided by RNS
The company news service from the London Stock Exchange
