RNS Number : 0096T
Palace Capital PLC
15 July 2020
 

15 July 2020

 

 

Palace Capital PLC

("Palace Capital", the "Company" or the "Group")

 

Grant of awards under Deferred Bonus Plan

 

Palace Capital (LSE: PCA), the UK REIT that has a UK regional commercial real estate portfolio with a bias towards the office and industrial sectors in carefully selected locations outside of London, announces that yesterday, 14 July 2020, the Company granted options to the executive directors of the Company under the Deferred Bonus Plan (the "DBP").

In accordance with the terms of the Deferred Bonus Plan, 35% of the bonus due to the Company's Executives for the year ended 31st March 2020 has been allocated to Share Options based on the ruling price of £1.86, as follows:

Director/PDMR

Share Options Allocated

Neil Sinclair

34,417

Richard Starr

26,017

Stephen Silvester

24,500

 

 

For further information, contact:

PALACE CAPITAL PLC

Neil Sinclair, Chief Executive              
Stephen Silvester, Finance Director
Tel. 44 (0)20 3301 8331

 

Broker

Numis Securities

Heraclis Economides / George Fry

Tel: 44 (0)20 7260 1000

 

Broker

Arden Partners plc

Corporate Finance: Paul Shackleton / Ciaran Walsh / Daniel Gee-Summons

Corporate Broking: James Reed-Daunter

Tel: 44 (0)207 614 5900

 

Financial PR 

FTI Consulting

Claire Turvey / Methuselah Tanyanyiwa

Tel: 44 (0)20 3727 1000

palacecapital@fticonsulting.com

 

About Palace Capital plc (www.palacecapitalplc.com)

 

Palace Capital is a property investment company with a premium listing on the Main Market of the London Stock Exchange (Stock Code: PCA). The Company owns a diversified regional portfolio across the UK and has a reputation for being entrepreneurial and opportunistic. Palace Capital acquires properties where it can enhance the long-term income and capital value through asset management and strategic capital development in locations outside London.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

a.   Neil Sinclair (Chief Executive)

b.   Richard Starr (Executive Director)

c.   Stephen Silvester (Finance Director)

2

Reason for the notification

a)

Position/status

See 1 a) above

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

Issue of nil cost share options

 

Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06

b)

Nature of the transaction

Issue of options

c)

Price(s) and volume(s)

 Issue of nil cost share options

a.   34,417

b.   26,017

c.   24,500

d)

Aggregated information

- Aggregated volume

- Price

 

84,934

Nil

e)

Date of the transaction

14 July 2020

f)

Place of the transaction

Outside a trading venue

 

 


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