PALACE CAPITAL PLC

Remuneration Information • Dec 8, 2015

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RNS Number : 4236I

Palace Capital PLC

08 December 2015

Palace Capital plc

("Palace Capital" or the "Company")

Grant of awards under the Palace Capital Long Term Incentive Plan

Palace Capital plc (AIM:PCA), the property investment company that specialises in commercial property outside London, announces that it has today granted awards to the executive directors of the Company and another member of the Company's senior management team under the Palace Capital Long Term Incentive Plan (the "Awards").

The Awards give rights to certain executives to acquire a total of 120,268 ordinary shares of 10p each in the Company (the "Ordinary Shares") for nil consideration. 109,458 of these Awards are being made to directors of the Company, as detailed below. The vesting of 50% of the Awards is subject to a performance condition based on total shareholder return with 50% subject to a performance condition based on net asset value growth, including dividends paid. The performance conditions will be measured over the three years.

The following Awards are being made to the executive directors of the Company:

Director	Number of Ordinary Shares under Award	Expected Vesting Date
Neil Sinclair	64,864	8th December 2018
Richard Starr	18,243	8th December 2018
Stephen Silvester	26,351	8th December 2018

-Ends-

Date:  8th December 2015

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

Tel. +44 (0)20 3328 5656

Arden Partners plc (Joint Broker)

Chris Hardie / Ciaran Walsh

Tel. +44 (0)20 7614 5917

Capital Access Group (Financial PR)

Simon Courtenay / Harry Rippon

Tel. +44 (0)20 3763 3400

This information is provided by RNS

The company news service from the London Stock Exchange

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