Director/PDMR Shareholding

RNS Number : 3735T

Palace Capital PLC

11 October 2017

 

Palace Capital PLC

 ("Palace Capital" or the "Company")

Director/PDMR Shareholding

The Board of Palace Capital, the property investment company that focuses on commercial property outside London, was notified today of the following transactions in the Company's shares.

On 10 October 2017, Sharon Starr, the wife of Richard Starr, an Executive Director of the Company, transferred 29,411 ordinary shares of 10 pence each in the Company ("Ordinary Shares") that were acquired by Richard Starr in the recent placing and registered in Sharon Starr's name, into her personal ISA in respect of 10,982 Ordinary Shares at a price of 353p per Ordinary Share and into Richard Starr's personal ISA in respect of 18,429 Ordinary Shares at a price of 354.25p per Ordinary Share.

As a result of these transactions, the combined holding of Richard Starr and Sharon Starr remains as 131,575 Ordinary Shares, which represents approximately 0.29 per cent. of the voting rights over the Company's Ordinary Shares.

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	Sharon Starr
2	Reason for the notification
a)	Position/status	PCA with Richard Starr, Executive Director
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	Sale of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 354.25p 353p 18,429 10,982
d)	Aggregated information - Aggregated volume - Price	29,411 Ordinary Shares Average price 353.78p
e)	Date of the transaction	10 October 2017
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Starr
2	Reason for the notification
a)	Position/status	Executive Director
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) 354.25p 18,429
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	10 October 2017
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sharon Starr
2	Reason for the notification
a)	Position/status	PCA with Richard Starr, Executive Director
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) 353p 10,982
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	10 October 2017
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

Date: 11 October 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 / Asha Chotai

Tel. [phone]

Arden Partners plc (Joint Broker)

Chris Hardie / Ciaran Walsh

Tel. [phone]

Capital Access Group (Financial PR)

Scott Fulton

Tel. [phone]

About Palace Capital plc (www.palacecapitalplc.com):

Palace Capital is a UK property investment company admitted to trading on the AIM Market of 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.

 

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