Palace Capital PLC Grant of awards under LTIP and Deferred Bonus Plan (3793D)
25 Giugno 2019 - 2:59PM
UK Regulatory
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.
END
MSCPGUQAQUPBGPA
(END) Dow Jones Newswires
June 25, 2019 08:59 ET (12:59 GMT)
Grafico Azioni Palace Capital (LSE:PCA)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Palace Capital (LSE:PCA)
Storico
Da Apr 2023 a Apr 2024
