Director/PDMR Shareholding

Palace Capital PLC

17 October 2023

 

17 October 2023

Palace Capital PLC

("Palace Capital", the "Company" or the "Group")

Director / PDMR Dealing

Palace Capital (LSE: PCA) announces the following transactions by a Director and certain PDMRs of the Company pursuant to the awards granted on 14 October 2020 under the Palace Capital Long Term Incentive Plan (2020 LTIP).

On 16 October 2023, 50% of the awards granted under the 2020 LTIP vested in line with the Performance Conditions set at the time of award. In accordance with the rules of the plan, additional shares were added to each award equivalent to the dividends payable during the three year performance period.

The Director and PDMRs exercised and received their awards net of income tax and national insurance liabilities, retaining the balance. Awards were satisfied using shares from the Palace Capital PLC Employee Benefit Trust.

Director and PDMR shareholdings

Following these transactions, the Director and PDMR's, including persons closely associated with them, have the following interests in the Ordinary Shares of 10 pence of the Company:

Director/PDMR	Shares held prior to the transactions	Net number of Shares acquired	Total Palace shares held	% of Palace shares in issue
Matthew Simpson, Chief Financial Officer	21,084	9,349	30,433	0.1%
Daniel Davies, Head of Asset Management	3,682	9,349	13,031	0.03%
Thomas Hood Head of Investment	3,138	8,534	11,672	0.03%

PALACE CAPITAL PLC

Steven Owen, Executive Chairman / Matthew Simpson, Chief Financial Officer
[e-mail]

Financial PR 

FTI Consulting

Dido Laurimore/ Giles Barrie

Tel: [phone]

[e-mail]

www.palacecapitalplc.com

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	a.   Matthew Simpson (Chief Financial Officer) b.   Daniel Davies (Head of Asset Management) c.   Thomas Hood (Head of Investment)
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	Exercise of option over Ordinary shares of 10p Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price: nil a.   9,349 b.   9,349 c.   8,534
d)	Aggregated information - Aggregated volume - Price	27,232 Nil
e)	Date of the transaction	16 October 2023
f)	Place of the transaction	Outside a trading venue

 

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