Share Name Share Symbol Market Type Share ISIN Share Description
Palace Capital Plc LSE:PCA London Ordinary Share GB00BF5SGF06 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 195.00 186.00 195.00 195.00 195.00 195.00 3,439 08:41:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 21.1 -9.1 -11.8 - 89

Palace Capital PLC Director Dealing

16/10/2020 2:09pm

UK Regulatory (RNS & others)

Palace Capital (LSE:PCA)
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From Sep 2020 to Oct 2020

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RNS Number : 3733C

Palace Capital PLC

16 October 2020

16 October 2020

Palace Capital PLC

("Palace Capital", the "Company" or the "Group")

Director Dealing

Palace Capital ( LSE: PCA) the Main Market listed property investment company that has a diversified portfolio of UK commercial real estate in carefully selected locations outside of London, announces that on 14 October 2020, the Company granted awards (the "Awards" ) to the executive directors of the Company and other members of the Company's management team under the Palace Capital Long Term Incentive Plan ( "LTIP" ) .

The Awards would have typically been made following the publication of the Company's full year results. However, owing to the onset of the Covid-19 pandemic the Remuneration Committee deferred the grant of the award.

The Awards give rights to the beneficiaries to acquire ordinary shares of 10p each in the Company (the "Shares" ) for nil consideration. Awards totalling 454,664 shares are being made to PDMRs as detailed below. Vesting of Shares awarded under the 2020 LTIP is subject to total shareholder return and return of the property portfolio as calculated by MSCI measured over a three-year period. Following the vesting of any shares there is a further two-year holding period and malus and clawback provisions apply.

 Director/PDMR       Number of Ordinary    Expected Vesting 
                      Shares under Award    Date 
 Neil Sinclair      159,264               14 October 2023 
                    --------------------  ----------------- 
 Stephen Silvester  116,951               14 October 2023 
                    --------------------  ----------------- 
 Richard Starr      120,631               14 October 2023 
                    --------------------  ----------------- 
 Matthew Simpson    30,223                14 October 2023 
                    --------------------  ----------------- 
 Nicola Grinham     27,595                14 October 2023 
                    --------------------  ----------------- 

Further information on the LTIP is contained in the Company's 2020 Annual Report.

For further information, contact:


Neil Sinclair, Chief Executive

Stephen Silvester, Finance Director

Tel. +44 (0)20 3301 8331


Numis Securities

Heraclis Economides / George Fry

Tel: +44 (0)20 7260 1000


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

About Palace Capital plc ( )

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                        a. Neil Sinclair (Chief Executive) 
                                   b. Stephen Silvester (Finance Director 
                                   c. Richard Starr (Executive Director) 
                                   d. Matthew Simpson (Financial Controller) 
                                   e. Nicola Grinham (Company Secretary) 
     --------------------------  -------------------------------------------- 
 2    Reason for the notification 
 a)   Position/status             See 1 a) above 
     --------------------------  -------------------------------------------- 
 b)   Initial notification        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          Issue of nil cost share options 
       financial instrument, 
       type of instrument          Identification code (ISIN) for Palace 
       Identification code         Capital plc ordinary shares: GB00BF5SGF06 
     --------------------------  -------------------------------------------- 
 b)   Nature of the transaction   Issue of options 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)                  Issue of nil cost share options 
                                               a. 159,264 
                                               b. 116,951 
                                               c. 120,631 
                                               d. 30,223 
                                               e. 27,595 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          454,665 
       - Price                      Nil 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     14 October 2020 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  -------------------------------------------- 

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October 16, 2020 09:09 ET (13:09 GMT)

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