Director/PDMR Shareholding

RNS Number : 3284C

Palace Capital PLC

19 January 2018

 

Palace Capital plc

("Palace Capital" or the "Company")

Director/PDMR shareholding

The Board of Palace Capital has been notified that Stanley Davis, Non-Executive Chairman of the Company, on 18 January 2018, purchased 100,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 330 pence per Ordinary Share. As a result of this purchase, Mr Davis interest in the Company is 1,665,287 Ordinary Shares, which represents approximately 3.63 per cent. of the voting rights over the Company's share capital.

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	Stanley Harold Davis
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
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) 330p 100,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	18 January 2018
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

Date: 19 January 2018

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 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.

 

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