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Regulatory Story
Company Palace Capital PLC
TIDM PCA
Headline Director/PDMR Shareholding
Released 17:07 15-Oct-2019
Number 9879P17

RNS Number : 9879P
Palace Capital PLC
15 October 2019
 

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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