Director/PDMR Shareholding

RNS Number : 9347M

Palace Capital PLC

14 January 2019

 

Palace Capital PLC

 ("Palace Capital" or the "Company")

Director Dealing

The Company was informed on 10 January 2019 that Neil Sinclair and Stephen Silvester, directors of the Company, and David Kaye, a PDMR of the Company, sold in aggregate 28,836 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 309 pence. The Ordinary Shares sold by each of the directors and PDMR were part of the Ordinary Shares issued under the 2015 Palace Capital Long Term Incentive Plan ("LTIP"), as announced by the Company on 3 January 2019. The Ordinary Shares have subsequently been sold in order to settle tax liabilities arising from the Ordinary Shares issued under the LTIP and additionally, in the case of Neil Sinclair, tax on a year-end bonus.

Please refer to the table below for the details for each of the directors and PDMR.

Name of Director	LTIP shares exercised1	LTIP shares sold	LTIP shares retained	Total Palace shares held	% of Palace shares in issue
Neil Sinclair	21,240	21,240	-	229,279	0.50%
Richard Starr	5,974	-	5,974	149,921	0.33%
Stephen Silvester	8,629	4,056	4,573	11,865	0.03%
David Kaye	3,540	3,540	-	-	-

1.         As announced by the Company on 3 January 2019

The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 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 (Chief Executive Officer) Stephen Silvester (Finance Director) David Kaye (Company Secretary)
2	Reason for the notification
a)	Position/status	See 1 a) above
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)	Director/PDMR  Price(s) Volume(s) Neil Sinclair 309p 21,240 Stephen Silvester 309p 4,056 David Kaye 309p 3,540
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) 309p 28,836
e)	Date of the transaction	10 January 2019
f)	Place of the transaction	London Stock Exchange, (XLON)

 

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