TIDMPCA

RNS Number : 0785H

Palace Capital PLC

29 July 2019

Palace Capital plc

("Palace Capital" or the "Company")

Director dealing

The Company was informed on 26 July 2019 that, on 25 July 2019, the Trustees of the Sinclair Goldsmith Executive Pension Scheme, of which Neil Sinclair is the sole beneficiary, purchased 10,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 279 pence per Ordinary Share.

Post this transaction, Neil Sinclair and persons closely associated are interested in 253,066 Ordinary Shares, representing approximately 0.55 per cent. of the Company's voting rights.

For further information, contact:

FTI Consulting (Financial PR)

Claire Turvey / Methuselah Tanyanyiwa

palacecapital@fticonsulting.com

Tel. +44 (0)20 3727 1000

About Palace Capital plc (www.palacecapitalplc.com):

Palace Capital plc (LSE: PCA) is a Main Market listed property investment company that has a c. GBP280 million diversified portfolio of UK regional commercial property. The Company maintains a disciplined investment strategy focused on towns and cities outside of London that are characterised by thriving local economies and strengthening fundamentals. Within those locations, the highly experienced management team selects assets that provide opportunity to drive both capital value and long-term rental income through tailored active asset management programmes, ultimately delivering attractive shareholder returns.

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) 
     ---------------------------  ------------------------------------------- 
 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               Ordinary shares of 10p each in Palace 
       the financial instrument,    Capital plc 
       type of instrument 
 
       Identification               Identification code (ISIN) for Palace 
       code                         Capital plc ordinary shares: GB00BF5SGF06 
     ---------------------------  ------------------------------------------- 
 b)   Nature of the transaction    Purchase of shares 
     ---------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)   Volume(s) 
                                      279p       10,000 
                                                ---------- 
     ---------------------------  ------------------------------------------- 
 d)   Aggregated information       See 4 c) above 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------- 
 e)   Date of the transaction      25 July 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

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July 29, 2019 09:30 ET (13:30 GMT)

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