Palace Capital PLC Director/PDMR Shareholding (9440B)

TIDMPCA

RNS Number : 9440B

Palace Capital PLC

07 April 2017

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 today that the Sinclair Goldsmith Executive Pension Scheme, of which Neil Sinclair, Chief Executive, is the sole beneficiary, has yesterday and today acquired a total of 10,000 ordinary shares of 10p each in the Company ("Ordinary Shares") for an average price of 365p per Ordinary Share.

Following this purchase, Mr Sinclair's notifiable interest is 183,767 Ordinary Shares, equivalent to 0.73 per cent. of the Company's voting rights. 176,576 of these Ordinary Shares are registered with the Sinclair Goldsmith Executive Pension Scheme as above, 4,500 are registered directly in his own name, 900 are registered with his wife, Pamela Sinclair, and 1,791 are registered with London Active Management Limited, a company controlled by Mr Sinclair and his wife.

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                        Neil Sinclair 
---  --------------------------  --------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
---  --------------------------  --------------------------------- 
 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                         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          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) 
                                    ---------  ---------- 
                                     365p       5,000 
                                      365p       5,000 
                                    ---------  ---------- 
---  --------------------------  --------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          10,000 ordinary shares 
       - Price                      365p average price 
---  --------------------------  --------------------------------- 
 e)   Date of the transaction     06 and 07 April 2017 
---  --------------------------  --------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
                                   (XLON) 
---  --------------------------  --------------------------------- 
 

-ends-

Date: 07 April 2017

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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April 07, 2017 06:10 ET (10:10 GMT)