Palace Capital PLC Director/PDMR Shareholding (8556R)

TIDMPCA

RNS Number : 8556R

Palace Capital PLC

14 December 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 Richard Starr, Executive Director, was today informed that the trustees of the Self Invested Personal Pension Scheme of Mr Starr and of which Mr Starr is sole beneficiary on 7 December 2016 transferred 50,000 ordinary shares of 10p each in the Company ("Ordinary Shares") to the trustees of the Stancottage Pension Scheme of which Mr Starr is a member and in respect of which Mr Starr is the sole beneficiary of the Ordinary Shares for zero consideration in an off-market transaction. Richard Starr remains the sole beneficiary of these 50,000 Ordinary Shares.

Following this transfer, Mr Starr's notifiable interest remains at 82,258 Ordinary Shares, equivalent to 0.32 per cent. of the Company's voting rights. Mr Starr has the beneficial interest in 66,129 of these Ordinary Shares, 50,000 of which are registered as above and 16,129 are registered in his own name, and his wife, Sharon Starr, has the beneficial interest in 16,129 Ordinary Shares, registered in her own name.

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                        Richard Starr 
---  --------------------------  --------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status             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   Transfer of shares 
---  --------------------------  --------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                    ---------  ---------- 
                                     0p         50,000 
                                    ---------  ---------- 
---  --------------------------  --------------------------------- 
 d)   Aggregated information      n/a 
       - Aggregated volume 
       - Price 
---  --------------------------  --------------------------------- 
 e)   Date of the transaction     07 December 2016 
---  --------------------------  --------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
---  --------------------------  --------------------------------- 
 

-ends-

Date: 14 December 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)

Scott Fulton / Jessica Bradford

Tel. [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 14, 2016 07:25 ET (12:25 GMT)