Director Dealing

RNS Number : 1013C

Palace Capital PLC

16 June 2021

 

16 June 2021

Palace Capital PLC

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

Director Dealing

Palace Capital (LSE: PCA), the Main Market REIT that has a UK regional commercial real estate portfolio focused on the office and industrial sectors in carefully selected locations outside of London, announces that yesterday, 15 June 2021, 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 2021 has been allocated to Share Options based on the ruling price of £2.53, as follows:

Director/PDMR	Share Options Allocated
Neil Sinclair	14,755
Stephen Silvester	10,835
Richard Starr	11,176

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 / Akhil Shah

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.  Stephen Silvester (Chief Financial Officer) c.  Richard Starr (Executive Property 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.  14,755 b.  10,835 c.  11,176
d)	Aggregated information - Aggregated volume - Price	36,766 Nil
e)	Date of the transaction	15 June 2021
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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