Palace Capital PLC Director/PDMR Shareholding (4855Y)
06 December 2017 - 5:19AM
UK Regulatory
TIDMPCA
RNS Number : 4855Y
Palace Capital PLC
05 December 2017
Palace Capital plc
("Palace Capital" or the "Company")
Director/PDMR shareholding
The Board of Palace Capital was notified today that Neil
Sinclair, Chief Executive of the Company, has sold 20,000 ordinary
shares of 10 pence each in the Company ("Ordinary Shares") at a
price of 337 pence per Ordinary Share. Mr Sinclair has sold these
shares in order to fund a personal tax bill relating to 39,811
shares having been awarded under the Company's 2014 Long Term
Incentive Plan. As a result of this transaction Mr Sinclair's
holding in the Company is 212,761 Ordinary Shares, which represents
approximately 0.46 per cent. of the voting rights over the
Company's share capital.
In addition, David Kaye, Company Secretary and a PDMR, has sold
6,635 Ordinary Shares at a price of 335 pence per Ordinary Share.
These shares were awarded to Mr Kaye under the Company's 2014 Long
Term Incentive Plan. Following this sale Mr Kaye no longer has a
holding in the Company.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Neil Sinclair
--- ------------------------- ---------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status Chief Executive
--- ------------------------- ---------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- ---------------------------------
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 Ordinary shares of 10p each
the financial in Palace Capital plc
instrument, type
of instrument Identification code (ISIN)
Identification for Palace Capital plc ordinary
code shares: GB00BF5SGF06
--- ------------------------- ---------------------------------
b) Nature of the Sale of shares
transaction
--- ------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
337p 20,000
--------- ----------
--- ------------------------- ---------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------------
e) Date of the transaction 5th December 2017
--- ------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange, AIM
(XLON)
--- ------------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name David Kaye
--- ------------------------- ---------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status Company Secretary (PDMR)
--- ------------------------- ---------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- ---------------------------------
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 Ordinary shares of 10p each
the financial in Palace Capital plc
instrument, type
of instrument Identification code (ISIN)
Identification for Palace Capital plc ordinary
code shares: GB00BF5SGF06
--- ------------------------- ---------------------------------
b) Nature of the Sale of shares
transaction
--- ------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
337p 6,635
--------- ----------
--- ------------------------- ---------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- ---------------------------------
e) Date of the transaction 5th December 2017
--- ------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange, AIM
(XLON)
--- ------------------------- ---------------------------------
Date: 5th December 2017
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
END
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