PALACE CAPITAL PLC — Remuneration Information 2018

Sep 27, 2018

National Storage Mechanism | Additional information

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RNS Number : 2316C

Palace Capital PLC

27 September 2018

27 September 2018

Palace Capital PLC

("Palace Capital" or the "Company")

Director Dealing

Deferred Bonus Plan - Vesting of Awards Granted 25 September 2017

Palace Capital (LSE: PCA), the property investment company that focusses on commercial property outside of London, today announces that on 27 September 2018, the independent Trustee of the Palace Capital EBT notified the Company that it had on 27 September 2018 transferred the beneficial interest of 34,024 Ordinary shares of 10 pence each fully paid in the Company, being the awards granted on 25 September 2017 under the Palace Capital Deferred Bonus Plan to the Executive Directors listed in the table that follows. 

Vesting of these shares was subject to continuous employment over the one-year period from date of grant.

1

Details of the person(s) discharging managerial responsibilities/person closely associated with

a)

Name(s)

Neil Sinclair (Chief Executive)

Richard Starr (Executive Director)

Stephen Silvester (Finance Director)

2

Reason for the notification

a)

Position/status

As noted in 1a) 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 10 pence each fully paid

ISIN: GB00BF5SGF06

b)

Nature of transaction

Vesting of Awards under the Palace Capital plc Deferred Bonus Plan

c)

Price(s) and volume(s)

Vesting of awards granted under the Palace Capital plc Deferred Bonus Scheme on 27 September 2018 at a vesting price of 306 pence

Executive Director/PDMR	Gross Award of Shares	Accrued Dividend Shares	Total Shares	No. Shares sold at 306 pence to meet income tax and National Insurance liabilities	Net Number of Shares transferred to Participant
Neil Sinclair (Chief Executive)	15,533	965	16,518	0	16,518
Richard Starr (Executive Director)	11,649	723	12,372	0	12,372
Stephen Silvester (Finance Director)	9,130	566	9,686	4,552	5,134

d)

Aggregated information

-      Aggregated volume

-      Price

As noted in 4c) above

As noted in 4c) above

e)

Date of transaction

27 September 2018

f)

Place of transaction

Outside a trading venue

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