Palace Capital PLC Director/PDMR Shareholding (9347M)

TIDMPCA

RNS Number : 9347M

Palace Capital PLC

14 January 2019

Palace Capital PLC

("Palace Capital" or the "Company")

Director Dealing

The Company was informed on 10 January 2019 that Neil Sinclair and Stephen Silvester, directors of the Company, and David Kaye, a PDMR of the Company, sold in aggregate 28,836 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 309 pence. The Ordinary Shares sold by each of the directors and PDMR were part of the Ordinary Shares issued under the 2015 Palace Capital Long Term Incentive Plan ("LTIP"), as announced by the Company on 3 January 2019. The Ordinary Shares have subsequently been sold in order to settle tax liabilities arising from the Ordinary Shares issued under the LTIP and additionally, in the case of Neil Sinclair, tax on a year-end bonus.

Please refer to the table below for the details for each of the directors and PDMR.

 
                  LTIP shares     LTIP shares   LTIP shares   Total Palace   % of Palace 
  Name of          exercised(1)    sold          retained      shares held    shares in 
  Director                                                                    issue 
 Neil Sinclair           21,240        21,240             -        229,279         0.50% 
                 --------------  ------------  ------------  -------------  ------------ 
 Richard 
  Starr                   5,974             -         5,974        149,921         0.33% 
                 --------------  ------------  ------------  -------------  ------------ 
 Stephen 
  Silvester               8,629         4,056         4,573         11,865         0.03% 
                 --------------  ------------  ------------  -------------  ------------ 
 David Kaye               3,540         3,540             -              -             - 
                 --------------  ------------  ------------  -------------  ------------ 
 
   1.         As announced by the Company on 3 January 2019 

The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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 (Chief Executive Officer) 
                                   Stephen Silvester (Finance Director) 
                                   David Kaye (Company Secretary) 
     --------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status             See 1 a) above 
     --------------------------  ------------------------------------------- 
 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 in Palace 
       financial instrument,       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)      Director/PDMR        Price(s)   Volume(s) 
                                   Neil Sinclair        309p       21,240 
                                                       ---------  ---------- 
                                   Stephen Silvester    309p       4,056 
                                                       ---------  ---------- 
                                   David Kaye           309p       3,540 
                                                       ---------  ---------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information        Price(s)   Volume(s) 
       - Aggregated volume           309p       28,836 
       - Price                                 ---------- 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     10 January 2019 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, (XLON) 
     --------------------------  ------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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January 14, 2019 02:00 ET (07:00 GMT)