Director/PDMR Shareholding

RNS Number : 8556R

Palace Capital PLC

14 December 2016

 

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 that Richard Starr, Executive Director, was today informed that the trustees of the Self Invested Personal Pension Scheme of Mr Starr and of which Mr Starr is sole beneficiary on 7 December 2016 transferred 50,000 ordinary shares of 10p each in the Company ("Ordinary Shares") to the trustees of the Stancottage Pension Scheme of which Mr Starr is a member and in respect of which Mr Starr is the sole beneficiary of the Ordinary Shares for zero consideration in an off-market transaction.  Richard Starr remains the sole beneficiary of these 50,000 Ordinary Shares.

Following this transfer, Mr Starr's notifiable interest remains at 82,258 Ordinary Shares, equivalent to 0.32 per cent. of the Company's voting rights.  Mr Starr has the beneficial interest in 66,129 of these Ordinary Shares, 50,000 of which are registered as above and 16,129 are registered in his own name, and his wife, Sharon Starr, has the beneficial interest in 16,129 Ordinary Shares, registered in her own name.

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	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	n/a
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	Transfer of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 0p 50,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	07 December 2016
f)	Place of the transaction	Outside a trading venue

-ends-

Date: 14 December 2016

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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