TIDMPCA

RNS Number : 2255O

Palace Capital PLC

30 September 2019

30 September 2019

Palace Capital PLC

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

Director Dealing

Palace Capital, the property investment company that focusses on commercial property outside London, has been informed that certain Directors and PDMRs of the Company sold then repurchased Ordinary Shares to facilitate an ISA transfer. Further details are set out below.

 
 Date of the     Director      Position          No. of    Price       No. of    Price 
  Transaction                                  Ordinary      (p)     Ordinary      (p) 
                                                 Shares                Shares 
                                                   Sold             purchased 
 27 September    Richard       Executive 
  2019            Starr         Director          7,439   273.07        7,439   295.16 
 25 September    Stephen       Finance 
  2019            Silvester     Director          7,118   281.00        7,067   281.40 
 27 September    Matthew       Financial 
  2019            Simpson       Controller        3,212      276        3,162   276.90 
 

Following these transaction, Richard Starr, Stephen Silvester and Matthew Simpson and persons closely associated with them are interested in 172,549, 29,969 and 3,162 Ordinary Shares respectively, representing 0.37% per cent, 0.07% per cent and 0.01% per cent. of the Company's voting rights. In the case of Stephen Silvester and persons closely associated this figure includes 149 Ordinary Shares that were purchased through the reinvestment of dividends paid by the Company as detailed below.

For further information, 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                        Richard Starr (Executive 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          Ordinary shares of 10p 
       financial instrument, 
       type of instrument          Identification code (ISIN) for Palace 
       Identification code         Capital plc ordinary shares: GB00BF5SGF06 
     --------------------------  ------------------------------------------- 
 b)   Nature of the transaction   Sale and Purchase of Shares 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)      Sale 
                                   7,439 at 273.07p 
                                   Purchase 
                                   7,439 at 295.16p 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information      n/a 
       - Aggregated volume 
       - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     27 September 2019 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, (XLON) 
     --------------------------  ------------------------------------------- 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     ----------------------------------------------------------------------- 
 a)   Name                        Matthew Simpson (Financial Controller) 
     --------------------------  ------------------------------------------- 
 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 
       financial instrument, 
       type of instrument          Identification code (ISIN) for Palace 
       Identification code         Capital plc ordinary shares: GB00BF5SGF06 
     --------------------------  ------------------------------------------- 
 b)   Nature of the transaction   Sale and Purchase of Shares 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)      Sale 
                                   3,212 at 276.00p 
                                   Purchase 
                                   3,162 at 276.90p 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information      n/a 
       - Aggregated volume 
       - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     27 September 2019 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, (XLON) 
     --------------------------  ------------------------------------------- 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     ----------------------------------------------------------------------- 
 a)   Name                        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          Ordinary shares of 10p 
       financial instrument, 
       type of instrument          Identification code (ISIN) for Palace 
       Identification code         Capital plc ordinary shares: GB00BF5SGF06 
     --------------------------  ------------------------------------------- 
 b)   Nature of the transaction   Sale and Purchase of Shares 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)      Sale 
                                   7,118 at 281.00p 
                                   Purchase 
                                   7,067 at 281.40p 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information      n/a 
       - Aggregated volume 
       - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     25 September 2019 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, (XLON) 
     --------------------------  ------------------------------------------- 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     ----------------------------------------------------------------------- 
 a)   Name                        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          Ordinary shares of 10p 
       financial instrument, 
       type of instrument          Identification code (ISIN) for Palace 
       Identification code         Capital plc ordinary shares: GB00BF5SGF06 
     --------------------------  ------------------------------------------- 
 b)   Nature of the transaction   Purchase of Shares 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)      70 shares at 294.60 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information      n/a 
       - Aggregated volume 
       - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     15 May 2019 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, (XLON) 
     --------------------------  ------------------------------------------- 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     ----------------------------------------------------------------------- 
 
 a)   Name                        Hanneke Silvester (Spouse of PDMR) 
     --------------------------  ------------------------------------------- 
 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 
       financial instrument, 
       type of instrument          Identification code (ISIN) for Palace 
       Identification code         Capital plc ordinary shares: GB00BF5SGF06 
     --------------------------  ------------------------------------------- 
 b)   Nature of the transaction   Purchase of Shares 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)      79 shares at 294.60 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information      n/a 
       - Aggregated volume 
       - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     15 May 2019 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, (XLON) 
     --------------------------  ------------------------------------------- 
 

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END

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September 30, 2019 12:21 ET (16:21 GMT)

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