Grant of awards under Deferred Bonus Plan

RNS Number : 0096T

Palace Capital PLC

15 July 2020

 

15 July 2020

Palace Capital PLC

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

Grant of awards under Deferred Bonus Plan

Palace Capital (LSE: PCA), the UK REIT that has a UK regional commercial real estate portfolio with a bias towards the office and industrial sectors in carefully selected locations outside of London, announces that yesterday, 14 July 2020, the Company granted options to the executive directors of the Company under the Deferred Bonus Plan (the "DBP").

In accordance with the terms of the Deferred Bonus Plan, 35% of the bonus due to the Company's Executives for the year ended 31st March 2020 has been allocated to Share Options based on the ruling price of £1.86, as follows:

Director/PDMR	Share Options Allocated
Neil Sinclair	34,417
Richard Starr	26,017
Stephen Silvester	24,500

For further information, contact:

PALACE CAPITAL PLC

Neil Sinclair, Chief Executive 
Stephen Silvester, Finance Director
Tel. [phone]

Broker

Numis Securities

Heraclis Economides / George Fry

Tel: [phone]

Broker

Arden Partners plc

Corporate Finance: Paul Shackleton / Ciaran Walsh / Daniel Gee-Summons

Corporate Broking: James Reed-Daunter

Tel: [phone]

Financial PR 

FTI Consulting

Claire Turvey / Methuselah Tanyanyiwa

Tel: [phone]

[e-mail]

About Palace Capital plc ( www.palacecapitalplc.com )

Palace Capital is a property investment company with a premium listing on the Main Market of the London Stock Exchange (Stock Code: PCA). The Company owns a diversified regional portfolio across the UK and has a reputation for being entrepreneurial and opportunistic. Palace Capital acquires properties where it can enhance the long-term income and capital value through asset management and strategic capital development in locations outside London.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	a.  Neil Sinclair (Chief Executive) b.  Richard Starr (Executive Director) c.  Stephen Silvester (Finance Director)
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	Issue of nil cost share options Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Issue of nil cost share options a.  34,417 b.  26,017 c.  24,500
d)	Aggregated information - Aggregated volume - Price	84,934 Nil
e)	Date of the transaction	14 July 2020
f)	Place of the transaction	Outside a trading venue

 

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