RNS Number : 1013C
Palace Capital PLC
16 June 2021
 

16 June 2021

 

 

Palace Capital PLC

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

 

Director Dealing

 

Palace Capital (LSE: PCA), the Main Market REIT that has a UK regional commercial real estate portfolio focused on the office and industrial sectors in carefully selected locations outside of London, announces that yesterday, 15 June 2021, 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 2021 has been allocated to Share Options based on the ruling price of £2.53, as follows:

Director/PDMR

Share Options Allocated

Neil Sinclair

14,755

Stephen Silvester

10,835

Richard Starr

11,176

 

 

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 / Akhil Shah

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.   Stephen Silvester (Chief Financial Officer)

c.   Richard Starr (Executive Property 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.   14,755

b.   10,835

c.   11,176

d)

Aggregated information

- Aggregated volume

- Price

 

36,766

Nil

e)

Date of the transaction

15 June 2021

f)

Place of the transaction

Outside a trading venue

 

 

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