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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 | |
---|---|---|---|---|---|---|---|---|---|---|
11.00 | 4.78% | 241.00 | 231.00 | 245.00 | 242.00 | 238.00 | 238.00 | 32,172 | 11:42:12 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 33.3M | -35.7M | -0.9506 | -2.54 | 90.52M |
TIDMPCA
RNS Number : 3793D
Palace Capital PLC
25 June 2019
Palace Capital plc
("Palace Capital" or the "Company")
Grant of awards under Palace Capital Long Term Incentive Plan and Deferred Bonus Plan
Palace Capital, the property investment company that focusses on commercial property outside London, announces that it has today 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") and Deferred Bonus Plan.
The LTIP Awards give rights to the beneficiaries to acquire a total of 329,848 ordinary shares of 10p each in the Company (the "Ordinary Shares") for nil consideration. 245,531 of these Awards are being made to PDMRs as detailed below. Vesting of Shares awarded under the 2019 LTIP is subject to total shareholder return and return of the property portfolio as calculated by IPD measured over a three-year period. Following the vesting of any shares there is a further two-year holding period.
PDMR Number of Ordinary Expected Vesting Date Shares under Award Neil Sinclair 99,494 23(rd) June 2022 Richard Starr 75,211 23(rd) June 2022 Stephen Silvester 70,826 23(rd) June 2022
In accordance with the terms of the Deferred Bonus Plan, 35% of the bonus due to the Company's Executives for the year ended 31st March 2019 has been allocated to Share Options based on the ruling price of GBP2.97, as follows:
Director Share Options Allocated Neil Sinclair 13,457 Stephen Silvester 8,499 Richard Starr 10,152
Further information on remuneration and the LTIP is contained in the Company's 2019 Annual Report.
For further information, contact:
For further information please contact:
PALACE CAPITAL PLC
Neil Sinclair, Chief Executive
Stephen Silvester, Finance Director
Tel. +44 (0)20 3301 8331
Broker
Numis Securities
Heraclis Economides / Oliver Hardy
Tel: +44 (0)20 7260 1000
Broker
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
palacecapital@fticonsulting.com
About Palace Capital plc (www.palacecapitalplc.com)
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. Richard Starr (Executive Director) c. Stephen Silvester (Finance Director) -------------------------- --------------------------------------------- 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 LTIP award for the right to acquire ordinary financial instrument, shares of 10p each in Palace Capital plc type of instrument for nil consideration Identification code Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 -------------------------- --------------------------------------------- b) Nature of the transaction LTIP award for the right to acquire ordinary shares of 10p each in Palace Capital plc for nil consideration -------------------------- --------------------------------------------- c) Price(s) and volume(s) Price: Nil a. 99,494 b. 75,211 c. 70,826 -------------------------- --------------------------------------------- d) Aggregated information - Aggregated volume 245,531 - Price nil -------------------------- --------------------------------------------- e) Date of the transaction 24 June 2019 -------------------------- --------------------------------------------- f) Place of the transaction London Stock Exchange, (XLON) -------------------------- --------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name a. Neil Sinclair (Chief Executive) b. Richard Starr (Executive Director) c. Stephen Silvester (Finance Director) -------------------------- ------------------------------------------- 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 Issue of share options exercisable at financial instrument, 296.5 pence type of instrument Identification code Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 -------------------------- ------------------------------------------- b) Nature of the transaction Issue of share options exercisable at 296.5 pence -------------------------- ------------------------------------------- c) Price(s) and volume(s) Price(exerciseable): 296.5p a. 13,457 b. 10,152 c. 8,499 -------------------------- ------------------------------------------- d) Aggregated information - Aggregated volume 32,108 - Price Exerciseable at 296.5 pence -------------------------- ------------------------------------------- e) Date of the transaction 24 June 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 rns@lseg.com or visit www.rns.com.
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June 25, 2019 08:59 ET (12:59 GMT)
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