Director/PDMR Shareholding
Updated : 17:08
Correction: The announcement released at 17.21 on 30 September 2019 under RNS number 2255O stated that Mr Starr had purchased shares at 295.16p. This has been corrected to 273.47p in the two tables below following a discrepancy with the execution of the trade.
15 October 2019
Palace Capital PLC
("Palace Capital", the "Company" or the "Group")
Director Dealing
Palace Capital, the property investment company that focusses on commercial property outside London, has been informed that certain Directors and PDMRs of the Company sold then repurchased Ordinary Shares to facilitate an ISA transfer. Further details are set out below.
Date of the Transaction | Director | Position | No. of Ordinary Shares Sold | Price (p) | No. of Ordinary Shares purchased | Price (p) |
27 September 2019
| Richard Starr | Executive Director | 7,439 | 273.07 | 7,439 | 273.47 |
25 September 2019
| Stephen Silvester | Finance Director | 7,118 | 281.00 | 7,067 | 281.40 |
27 September 2019
| Matthew Simpson | Financial Controller | 3,212 | 276 | 3,162 | 276.90 |
Following these transaction, Richard Starr, Stephen Silvester and Matthew Simpson and persons closely associated with them are interested in 172,549, 29,969 and 3,162 Ordinary Shares respectively, representing 0.37% per cent, 0.07% per cent and 0.01% per cent. of the Company's voting rights. In the case of Stephen Silvester and persons closely associated this figure includes 149 Ordinary Shares that were purchased through the reinvestment of dividends paid by the Company as detailed below.
For further information, contact:
PALACE CAPITAL PLC
Neil Sinclair, Chief Executive
Stephen Silvester, Finance Director
Tel. +44 (0)20 3301 8331
Broker
Numis Securities
Heraclis Economides / Oliver Hardy
Tel: +44 (0)20 7260 1000
Broker
Arden Partners plc
Corporate Finance: Paul Shackleton / Ciaran Walsh / Daniel Gee-Summons
Corporate Broking: James Reed-Daunter
Tel: +44 (0)207 614 5900
Financial PR
FTI Consulting
Claire Turvey / Methuselah Tanyanyiwa
Tel: +44 (0)20 3727 1000
palacecapital@fticonsulting.com
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 | Richard Starr (Executive 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 | Ordinary shares of 10p
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 |
b) | Nature of the transaction | Sale and Purchase of Shares |
c) | Price(s) and volume(s) | Sale 7,439 at 273.07p Purchase 7,439 at 273.47p |
d) | Aggregated information - Aggregated volume - Price | n/a |
e) | Date of the transaction | 27 September 2019 |
f) | Place of the transaction | London Stock Exchange, (XLON) |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Matthew Simpson (Financial Controller)
|
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
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 |
b) | Nature of the transaction | Sale and Purchase of Shares |
c) | Price(s) and volume(s) | Sale 3,212 at 276.00p Purchase 3,162 at 276.90p |
d) | Aggregated information - Aggregated volume - Price | n/a |
e) | Date of the transaction | 27 September 2019 |
f) | Place of the transaction | London Stock Exchange, (XLON) |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | 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 | Ordinary shares of 10p
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 |
b) | Nature of the transaction | Sale and Purchase of Shares |
c) | Price(s) and volume(s) | Sale 7,118 at 281.00p Purchase 7,067 at 281.40p |
d) | Aggregated information - Aggregated volume - Price | n/a |
e) | Date of the transaction | 25 September 2019 |
f) | Place of the transaction | London Stock Exchange, (XLON) |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | 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 | Ordinary shares of 10p
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 |
b) | Nature of the transaction | Purchase of Shares |
c) | Price(s) and volume(s) | 70 shares at 294.60 |
d) | Aggregated information - Aggregated volume - Price | n/a |
e) | Date of the transaction | 15 May 2019 |
f) | Place of the transaction | London Stock Exchange, (XLON) |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Hanneke Silvester (Spouse of PDMR)
|
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
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 |
b) | Nature of the transaction | Purchase of Shares |
c) | Price(s) and volume(s) | 79 shares at 294.60 |
d) | Aggregated information - Aggregated volume - Price | n/a |
e) | Date of the transaction | 15 May 2019 |
f) | Place of the transaction | London Stock Exchange, (XLON) |
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