PALACE CAPITAL PLC

Remuneration Information • Sep 26, 2017

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RNS Number : 7720R

Palace Capital PLC

26 September 2017

Palace Capital plc

("Palace Capital" or the "Company")

Grant of options under deferred bonus plan

As announced on 19 September 2017, Palace Capital, the property investment company that focuses on commercial property outside London, has today granted options over ordinary shares of 10p each in the Company ("Ordinary Shares") to certain directors of the Company under the Company's deferred bonus plan (the "Options"), as follows:

Director	Amount of deferred bonus	No. of Options granted	Total options over Ordinary Shares outstanding
Neil Sinclair	£54,749	15,553	15,553
Stephen Silvester	£32,140	9,130	9,130
Richard Starr	£41,006	11,649	11,649
Total	£127,895	36,332	36,332

The Options are exercisable for zero cost per Option, will vest one year from the date of grant and have an expiry date of two years from the date of grant. The value of Options that have been issued in lieu of bonus entitlements totals £127,895, representing 35% of the Directors' bonuses for the year ended 31 March 2017, as detailed in the Company's report and accounts for the year ended 31 March 2017. The number of options granted has been calculated based on the average closing mid-market price of an Ordinary Share on the five business days ending 25 September 2017 of 352p.

Following the grant of the Options, the Company has a total of 36,332 options outstanding over 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

Neil Sinclair

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

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 financial instrument, type of instrument

Identification code

Options over ordinary shares of 10p each in Palace Capital plc

Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06

b)

Nature of the transaction

Grant of Options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Exercise price of 0p per share	15,553

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

25 September 2017

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stephen Silvester

2

Reason for the notification

a)

Position/status

Finance Director

b)

Initial notification /Amendment

Initial notification

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 financial instrument, type of instrument

Identification code

Options over ordinary shares of 10p each in Palace Capital plc

Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06

b)

Nature of the transaction

Grant of Options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Exercise price of 0p per share	9,130

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

25 September 2017

f)

Place of the transaction

Outside a trading venue

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 /Amendment

Initial notification

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 financial instrument, type of instrument

Identification code

Options over ordinary shares of 10p each in Palace Capital plc

Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06

b)

Nature of the transaction

Grant of Options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Exercise price of 0p per share	11,649

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

25 September 2017

f)

Place of the transaction

Outside a trading venue

Date: 26 September 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

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 and a 16.0% increase in dividends.

This information is provided by RNS

The company news service from the London Stock Exchange

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