RNS Number : 2316C
Palace Capital PLC
27 September 2018
27 September 2018
Palace Capital PLC
("Palace Capital" or the "Company")
Director Dealing
Deferred Bonus Plan - Vesting of Awards Granted 25 September 2017
Palace Capital (LSE: PCA), the property investment company that focusses on commercial property outside of London, today announces that on 27 September 2018, the independent Trustee of the Palace Capital EBT notified the Company that it had on 27 September 2018 transferred the beneficial interest of 34,024 Ordinary shares of 10 pence each fully paid in the Company, being the awards granted on 25 September 2017 under the Palace Capital Deferred Bonus Plan to the Executive Directors listed in the table that follows.
Vesting of these shares was subject to continuous employment over the one-year period from date of grant.
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1 |
Details of the person(s) discharging managerial responsibilities/person closely associated with |
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a) |
Name(s) |
Neil Sinclair (Chief Executive) Richard Starr (Executive Director) Stephen Silvester (Finance Director) |
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2 |
Reason for the notification |
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a) |
Position/status |
As noted in 1a) above |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
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 |
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) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 10 pence each fully paid ISIN: GB00BF5SGF06 |
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b) |
Nature of transaction |
Vesting of Awards under the Palace Capital plc Deferred Bonus Plan |
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c) |
Price(s) and volume(s)
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Vesting of awards granted under the Palace Capital plc Deferred Bonus Scheme on 27 September 2018 at a vesting price of 306 pence
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d) |
Aggregated information - Aggregated volume - Price |
As noted in 4c) above As noted in 4c) above |
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e) |
Date of transaction |
27 September 2018 |
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f) |
Place of transaction |
Outside a trading venue |
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