Palace Capital PLC Exercise of options and total voting rights (0978M)
January 03 2019 - 4:30AM
UK Regulatory
TIDMPCA
RNS Number : 0978M
Palace Capital PLC
03 January 2019
3 January 2019
Palace Capital plc
("Palace Capital", or the "Company")
Exercise of options and total voting rights
Palace Capital (LSE: PCA), the Main Market listed property
investment company that has a diversified portfolio of UK regional
commercial real estate in carefully selected locations outside of
London, announces the following exercise of options over ordinary
shares of 10p each in the Company ("Ordinary Shares") to certain
directors and a PDMR under the 2015 Palace Capital Long Term
Incentive Plan ("LTIP"). The 39,383 Ordinary Shares have been
satisfied from existing shares held by the Palace Capital plc
Employee Benefits Trust.
PDMR Number of Ordinary
Shares granted
Neil Sinclair, Chief Executive Office 21,240
Richard Starr, Executive Director 5,974
Stephen Silvester, Finance Director 8,629
David Kaye, Company Secretary 3,540
The Company's issued and outstanding share capital will be
46,388,515 of which 505,266 Ordinary Shares are held in treasury.
The net figure of 45,883,249 Ordinary Shares may be used as the
denominator for shareholder calculations by which they will
determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under
the FCA's Disclosure and Transparency Rules.
Further information on remuneration and the LTIP is contained in
the Company's 2018 Annual Report.
For further information, contact:
Palace Capital plc
Neil Sinclair, Chief Executive
Stephen Silvester, Finance Director
Tel. +44 (0)20 3301 8331
Arden Partners plc (Lead Broker)
Paul Shackleton / Ciaran Walsh / Alex Penney
Tel. +44 (0)207 614 5900
Allenby Capital Limited (Joint Broker)
Nick Naylor / James Reeve / Asha Chotai
Tel. +44 (0)20 3328 5656
FTI Consulting (Financial PR)
Claire Turvey / Methuselah Tanyanyiwa
palacecapital@fticonsulting.com
Tel. +44 (0)20 7271000
About Palace Capital plc (www.palacecapitalplc.com):
Palace Capital plc (LSE: PCA) is a Main Market listed property
investment company that has a GBP283.3 million diversified
portfolio of UK regional commercial property. The Company maintains
a disciplined investment strategy focused on towns and cities
outside of London that are characterised by thriving local
economies and strengthening fundamentals. Within those locations,
the highly experienced management team selects assets that provide
opportunity to drive both capital value and long-term rental income
through tailored active asset management programmes, ultimately
delivering attractive shareholder returns.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Neil Sinclair, Chief Executive Officer
Richard Starr, Executive Director
Stephen Silvester, Finance Director
David Kaye, Company Secretary
------------------------------- -----------------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------------
a) Position/status See 1(a) above for positions - all
classified as PDMRs of the Company
--------------------------------- ---------------------------------------------
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 Ordinary shares of 10p each in Palace
Financial instrument, Capital plc
type of instrument
Identification code Identification code (ISIN) for Palace
Capital plc ordinary shares: GB00BF5SGF06
--------------------------------- ---------------------------------------------
b) Nature of the transaction Exercise of options over ordinary
shares under LTIP scheme
--------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Name Price(s) Volume(s)
Neil Sinclair Nil 21,240
---------- ----------
Richard Starr Nil 5,974
---------- ----------
Stephen Silvester Nil 8,629
---------- ----------
David Kaye Nil 3,540
---------- ----------
--------------------------------- ---------------------------------------------
d) Aggregated information: Price(s) Volume(s)
* Aggregated volume Nil 39,383
----------
* Price
--------------------------------- ---------------------------------------------
e) Date of the transaction 2 January 2018
--------------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange, (XLON)
--------------------------------- ---------------------------------------------
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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