PALACE CAPITAL PLC — Director's Dealing 2019

Jul 29, 2019

National Storage Mechanism | Additional information

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RNS Number : 0785H

Palace Capital PLC

29 July 2019

Palace Capital plc

("Palace Capital" or the "Company")

Director dealing

The Company was informed on 26 July 2019 that, on 25 July 2019, the Trustees of the Sinclair Goldsmith Executive Pension Scheme, of which Neil Sinclair is the sole beneficiary, purchased 10,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 279 pence per Ordinary Share.

Post this transaction, Neil Sinclair and persons closely associated are interested in 253,066 Ordinary Shares, representing approximately 0.55 per cent. of the Company's voting rights.

For further information, contact:

FTI Consulting (Financial PR)

Claire Turvey / Methuselah Tanyanyiwa

palacecapital@fticonsulting.com  

Tel. +44 (0)20 3727 1000

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

Palace Capital plc (LSE: PCA) is a Main Market listed property investment company that has a c. £280 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.

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 (Chief Executive Officer)

2

Reason for the notification

a)

Position/status

See 1 a) above

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

Ordinary shares of 10p each in Palace Capital plc

Identification code (ISIN) 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)
279p	10,000

d)

Aggregated information

- Aggregated volume

- Price

See 4 c) above

e)

Date of the transaction

25 July 2019

f)

Place of the transaction

London Stock Exchange, (XLON)

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