Director/PDMR Shareholding

RNS Number : 9440B

Palace Capital PLC

07 April 2017

 

Palace Capital plc

("Palace Capital" or the "Company")

Director/PDMR shareholding

Palace Capital plc, the property investment company focusing on property outside London, has been informed today that the Sinclair Goldsmith Executive Pension Scheme, of which Neil Sinclair, Chief Executive, is the sole beneficiary, has yesterday and today acquired a total of 10,000 ordinary shares of 10p each in the Company ("Ordinary Shares") for an average price of 365p per Ordinary Share.

Following this purchase, Mr Sinclair's notifiable interest is 183,767 Ordinary Shares, equivalent to 0.73 per cent. of the Company's voting rights. 176,576 of these Ordinary Shares are registered with the Sinclair Goldsmith Executive Pension Scheme as above, 4,500 are registered directly in his own name, 900 are registered with his wife, Pamela Sinclair, and 1,791 are registered with London Active Management Limited, a company controlled by Mr Sinclair and his wife.

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 Officer
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	Ordinary shares of 10p each in Palace Capital plc Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 365p 365p 5,000 5,000
d)	Aggregated information - Aggregated volume - Price	10,000 ordinary shares 365p average price
e)	Date of the transaction	06 and 07 April 2017
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

-ends-

Date: 07 April 2017

For further information, contact:

Palace Capital plc

Neil Sinclair, Chief Executive

Stephen Silvester, Finance Director

Tel. [phone]

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Nick Naylor / James Reeve

Tel. [phone]

Arden Partners plc (Joint Broker)

Chris Hardie / Ciaran Walsh

Tel. [phone]

Capital Access Group (Financial PR)

Scott Fulton / Jessica Bradford

Tel. [phone]

 

END

 

 

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