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Palace Capital PLC announced on 18 July 2024 that Daniel Davies, Thomas Hood, and Andrew Wolfe sold a combined 20,558 ordinary shares at 250 pence per share on 17 July 2024. These transactions were part of a Tender Offer, announced on 13 June 2024, for up to 8,667,760 ordinary shares. The Tender Offer was oversubscribed with 26,793,801 shares tendered, resulting in 8,667,760 accepted shares being cancelled and the PDMRs' tendered shares being scaled back.
| Date | 18 Jul 2024 |
| Time | 07:00:11 |
| Category | Director/PDMR dealings |
| ID | 8149W |
18 July 2024
Palace Capital PLC
("Palace Capital", the "Company" or the "Group")
PDMR Dealings
Palace Capital (LSE: PCA) announces the following transactions by certain PDMRs of the Company pursuant to the Tender Offer to Shareholders announced on 13 June 2024.
The Tender Offer was for up to 8,667,760 Ordinary Shares and a total of 26,793,801 Ordinary Shares were tendered and therefore the Tender Offer was oversubscribed. Consequently, 8,667,760 Ordinary Shares have been accepted pursuant to the Tender Offer.
The PDMRs below tendered Ordinary Shares in line with the Circular and, as the Tender Offer was oversubscribed, the number of Shares Tendered were scaled back. The Ordinary Shares tendered were sold at 250 pence per share and following the purchases, the Shares were cancelled.
Director and PDMR shareholdings
Following these transactions, the Director and PDMR's, including persons closely associated with them, have the following interests in the Ordinary Shares of 10 pence of the Company:
|
Director/PDMR |
Shares held prior to the transactions |
Net number of Shares Sold under the Tender Offer |
Total Palace Capital Shares held |
% of Palace shares in issue post Tender Offer |
|
Daniel Davies, Head of Asset Management |
13,031 |
5,855 |
7,176 |
0.02% |
|
Thomas Hood Head of Investment |
11,672 |
5,245 |
6,427 |
0.02% |
|
Andrew Wolfe Financial Controller |
21,050 |
9,458 |
11,592 |
0.04% |
PALACE CAPITAL PLC
Steven Owen, Executive Chairman
info@palacecapitalplc.com
Financial PR
FTI Consulting
Dido Laurimore/ Giles Barrie
Tel: +44 (0)20 3727 1000
palacecapital@fticonsulting.com
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
|
a) |
Name |
a. Daniel Davies (Head of Asset Management) b. Thomas Hood (Head of Investment) c. Andrew Wolfe (Financial Controller) |
|
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 |
Exercise of option over Ordinary shares of 10p
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 |
|
b) |
Nature of the transaction |
Exercise of options |
|
c) |
Price(s) and volume(s) |
Price: 250 pence per Share a. 5,855 b. 5,245 c. 9,458 |
|
d) |
Aggregated information - Aggregated volume - Price |
20,558 51,395 GBP |
|
e) |
Date of the transaction |
17 July 2024 |
|
f) |
Place of the transaction |
Outside a trading venue |