PALACE CAPITAL PLC

Director's Dealing • Jan 3, 2019

National Storage Mechanism | Additional information

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RNS Number : 0978M

Palace Capital PLC

03 January 2019

3 January 2019

Palace Capital plc

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

Exercise of options and total voting rights

Palace Capital (LSE: PCA), the Main Market listed property investment company that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London, announces the following exercise of options over ordinary shares of 10p each in the Company ("Ordinary Shares") to certain directors and a PDMR under the 2015 Palace Capital Long Term Incentive Plan ("LTIP"). The 39,383 Ordinary Shares have been satisfied from existing shares held by the Palace Capital plc Employee Benefits Trust.

PDMR	Number of Ordinary Shares granted
Neil Sinclair, Chief Executive Office	21,240
Richard Starr, Executive Director	5,974
Stephen Silvester, Finance Director	8,629
David Kaye, Company Secretary	3,540

The Company's issued and outstanding share capital will be 46,388,515 of which 505,266 Ordinary Shares are held in treasury. The net figure of 45,883,249 Ordinary Shares may be used as the denominator for shareholder calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Further information on remuneration and the LTIP is contained in the Company's 2018 Annual Report.

For further information, contact:

Palace Capital plc

Neil Sinclair, Chief Executive

Stephen Silvester, Finance Director

Tel. +44 (0)20 3301 8331

Arden Partners plc (Lead Broker)

Paul Shackleton / Ciaran Walsh / Alex Penney

Tel. +44 (0)207 614 5900

Allenby Capital Limited (Joint Broker)

Nick Naylor / James Reeve / Asha Chotai

Tel. +44 (0)20 3328 5656

FTI Consulting (Financial PR)

Claire Turvey / Methuselah Tanyanyiwa

palacecapital@fticonsulting.com

Tel. +44 (0)20 7271000

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

Palace Capital plc (LSE: PCA) is a Main Market listed property investment company that has a £283.3 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.

1.               

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Neil Sinclair, Chief Executive Officer

Richard Starr, Executive Director

Stephen Silvester, Finance Director

David Kaye, Company Secretary

2.               

Reason for the Notification

a)

Position/status

See 1(a) above for positions - all classified as PDMRs of the Company

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

Ordinary shares of 10p each in Palace Capital plc

Identification code

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

b)

Nature of the transaction

Exercise of options over ordinary shares under LTIP scheme

c)

Price(s) and volume(s)

Name	Price(s)	Volume(s)
Neil Sinclair	Nil	21,240
Richard Starr	Nil	5,974
Stephen Silvester	Nil	8,629
David Kaye	Nil	3,540

d)

Aggregated information:

·     Aggregated volume

·     Price

Price(s)	Volume(s)
Nil	39,383

e)

Date of the transaction

2 January 2018

f)

Place of the transaction

London Stock Exchange, (XLON)

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