Palace Capital PLC Director/PDMR Shareholding (9658J)

TIDMPCA

RNS Number : 9658J

Palace Capital PLC

15 September 2016

Palace Capital plc

("Palace Capital" or the "Company")

Director/PDMR shareholding

Palace Capital plc, the property investment company focusing on property outside London, has been informed that Susan Dove, wife of Anthony Dove, Non-Executive Director, today transferred the beneficial interest in 30,500 ordinary shares of 10p each in the Company ("Ordinary Shares") to Anthony Dove for zero consideration in an off-market transaction. These shares are registered in the name of Lawshare Nominees Ltd.

Following this transfer, Mr Dove's notifiable interest remains at 80,000 Ordinary Shares, equivalent to 0.31 per cent. of the Company's voting rights. Mr Dove has the beneficial interest in 56,242 of these Ordinary Shares and his wife, Susan Dove, has the beneficial interest in 23,758 Ordinary Shares. All of the 80,000 Ordinary Shares in which Mr Dove has a notifiable interest are registered in the name of Lawshare Nominees Ltd.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------- 
 a)   Name                        Anthony Dove 
---  --------------------------  --------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status             Non-Executive Director 
---  --------------------------  --------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
---  --------------------------  --------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------- 
 a)   Name                        Palace Capital plc 
---  --------------------------  --------------------------------- 
 b)   LEI                         n/a 
---  --------------------------  --------------------------------- 
 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          Ordinary shares of 10p each 
       financial instrument,       in Palace Capital plc 
       type of instrument 
 
       Identification code         Identification code (ISIN) 
                                   for Palace Capital plc ordinary 
                                   shares: GB00BF5SGF06 
---  --------------------------  --------------------------------- 
 b)   Nature of the transaction   Purchase of shares 
---  --------------------------  --------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                    ---------  ---------- 
                                     0p         30,500 
                                    ---------  ---------- 
---  --------------------------  --------------------------------- 
 d)   Aggregated information      n/a 
       - Aggregated volume 
       - Price 
---  --------------------------  --------------------------------- 
 e)   Date of the transaction     15 September 2016 
---  --------------------------  --------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
---  --------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                        Susan Dove 
---  --------------------------  ---------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status             Person closely associated 
                                   with Anthony Dove, Non-Executive 
                                   Director 
---  --------------------------  ---------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
---  --------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                        Palace Capital plc 
---  --------------------------  ---------------------------------- 
 b)   LEI                         n/a 
---  --------------------------  ---------------------------------- 
 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          Ordinary shares of 10p each 
       financial instrument,       in Palace Capital plc 
       type of instrument 
 
       Identification code         Identification code (ISIN) 
                                   for Palace Capital plc ordinary 
                                   shares: GB00BF5SGF06 
---  --------------------------  ---------------------------------- 
 b)   Nature of the transaction   Sale of shares 
---  --------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                    ---------  ---------- 
                                     0p         30,500 
                                    ---------  ---------- 
---  --------------------------  ---------------------------------- 
 d)   Aggregated information      n/a 
       - Aggregated volume 
       - Price 
---  --------------------------  ---------------------------------- 
 e)   Date of the transaction     15 September 2016 
---  --------------------------  ---------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
---  --------------------------  ---------------------------------- 
 

-ends-

Date: 15 September 2016

For further information, contact:

Palace Capital plc

Neil Sinclair, Chief Executive

Stephen Silvester, Finance Director

Tel. [phone]

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Nick Naylor / James Reeve

Tel. [phone]

Arden Partners plc (Joint Broker)

Chris Hardie / Ciaran Walsh

Tel. [phone]

Capital Access Group (Financial PR)

Simon Courtenay / Jessica Bradford

Tel. [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 15, 2016 07:39 ET (11:39 GMT)