Palace Capital PLC Director/PDMR Shareholding (3735T)
October 11 2017 - 1:05PM
UK Regulatory
TIDMPCA
RNS Number : 3735T
Palace Capital PLC
11 October 2017
Palace Capital PLC
("Palace Capital" or the "Company")
Director/PDMR Shareholding
The Board of Palace Capital, the property investment company
that focuses on commercial property outside London, was notified
today of the following transactions in the Company's shares.
On 10 October 2017, Sharon Starr, the wife of Richard Starr, an
Executive Director of the Company, transferred 29,411 ordinary
shares of 10 pence each in the Company ("Ordinary Shares") that
were acquired by Richard Starr in the recent placing and registered
in Sharon Starr's name, into her personal ISA in respect of 10,982
Ordinary Shares at a price of 353p per Ordinary Share and into
Richard Starr's personal ISA in respect of 18,429 Ordinary Shares
at a price of 354.25p per Ordinary Share.
As a result of these transactions, the combined holding of
Richard Starr and Sharon Starr remains as 131,575 Ordinary Shares,
which represents approximately 0.29 per cent. of the voting rights
over the Company's Ordinary Shares.
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 Sharon Starr
--- --------------------------- ---------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status PCA with Richard Starr,
Executive Director
--- --------------------------- ---------------------------------
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
the financial instrument, in Palace Capital plc
type of instrument
Identification Identification code (ISIN)
code for Palace Capital plc ordinary
shares: GB00BF5SGF06
--- --------------------------- ---------------------------------
b) Nature of the transaction Sale of shares
--- --------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
354.25p 18,429
353p 10,982
--------- ----------
--- --------------------------- ---------------------------------
d) Aggregated information 29,411 Ordinary Shares
- Aggregated volume Average price 353.78p
- Price
--- --------------------------- ---------------------------------
e) Date of the transaction 10 October 2017
--- --------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange, AIM
(XLON)
--- --------------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Richard Starr
--- --------------------------- ---------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Executive Director
--- --------------------------- ---------------------------------
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
the financial instrument, in Palace Capital plc
type of instrument
Identification Identification code (ISIN)
code for Palace Capital plc ordinary
shares: GB00BF5SGF06
--- --------------------------- ---------------------------------
b) Nature of the transaction Purchase of shares
--- --------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
354.25p 18,429
--------- ----------
--- --------------------------- ---------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
--- --------------------------- ---------------------------------
e) Date of the transaction 10 October 2017
--- --------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange, AIM
(XLON)
--- --------------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Sharon Starr
--- --------------------------- ---------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status PCA with Richard Starr,
Executive Director
--- --------------------------- ---------------------------------
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
the financial instrument, in Palace Capital plc
type of instrument
Identification Identification code (ISIN)
code for Palace Capital plc ordinary
shares: GB00BF5SGF06
--- --------------------------- ---------------------------------
b) Nature of the transaction Purchase of shares
--- --------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
353p 10,982
--------- ----------
--- --------------------------- ---------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
--- --------------------------- ---------------------------------
e) Date of the transaction 10 October 2017
--- --------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange, AIM
(XLON)
--- --------------------------- ---------------------------------
Date: 11 October 2017
For further information, contact:
Palace Capital plc
Neil Sinclair, Chief Executive
Stephen Silvester, Finance Director
Tel. +44 (0)20 3301 8331
Allenby Capital Limited (Nominated Adviser and Joint Broker)
Nick Naylor / James Reeve / Asha Chotai
Tel. +44 (0)20 3328 5656
Arden Partners plc (Joint Broker)
Chris Hardie / Ciaran Walsh
Tel. +44 (0)207 614 5917
Capital Access Group (Financial PR)
Scott Fulton
Tel. +44 (0)20 3763 3400
About Palace Capital plc (www.palacecapitalplc.com):
Palace Capital is a UK property investment company admitted to
trading on the AIM Market of the London Stock Exchange (LSE: PCA).
The Company is not sector specific and looks for opportunities
where it can enhance the long-term income and capital value through
asset management and strategic capital development in locations
outside London. In its last reported financial year, Palace Capital
produced a 20.0% increase in adjusted profit before tax, a 7.0%
uplift in EPRA NAV per share and a 16.0% increase in dividends.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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