RNS Number : 3284C
Palace Capital PLC
19 January 2018
Palace Capital plc
("Palace Capital" or the "Company")
Director/PDMR shareholding
The Board of Palace Capital has been notified that Stanley Davis, Non-Executive Chairman of the Company, on 18 January 2018, purchased 100,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 330 pence per Ordinary Share. As a result of this purchase, Mr Davis interest in the Company is 1,665,287 Ordinary Shares, which represents approximately 3.63 per cent. of the voting rights over the Company's share capital.
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 |
Stanley Harold Davis |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Chairman |
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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 |
2138009JDFQOXJFCJQ05 |
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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 |
Purchase 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 |
18 January 2018 |
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f) |
Place of the transaction |
London Stock Exchange, AIM (XLON) |
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Date: 19 January 2018
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 AIM, a market operated by 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
