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Palace Capital PLC announced on 23 September 2026 that Lakestreet Capital Partners AG, a person closely associated (PCA) with directors Christian Kappelhoff-Wulf and Valentin Pierburg, sold 259,149 ordinary shares for 190 pence per share to Lakestreet Trading AG, also a PCA. This transaction resulted in Lakestreet Capital's direct holding decreasing to 1,550,000 shares and Lakestreet Trading's increasing to 1,440,000 shares. The total number of shares and voting rights beneficially owned by Lakestreet Capital remained unchanged at 2,990,000.
| Date | 23 Sept 2026 |
| Time | 14:04:32 |
| Category | Director/PDMR dealings |
| ID | 0298W |
23 September 2026
Palace Capital PLC
("Palace Capital" or the "Company")
PDMR/PCA Dealing
Palace Capital (LSE: PCA) announces the sale of ordinary shares of 10 pence each in the Company ("Shares") from Lakestreet Capital Partners AG ("Lakestreet Capital") to Lakestreet Trading AG ("Lakestreet Trading"). The ultimate beneficial owner of the shares held by Lakestreet Trading is Lakestreet Capital, and therefore the total number of shares and voting rights controlled by Lakestreet Capital remains unchanged at 2,990,000 Shares.
Each of Lakestreet Capital and Lakestreet Trading are "persons closely associated" ("PCA") with Christian Kappelhoff-Wulf and Valentin Pierburg, directors of the Company, who are each considered to be "persons discharging managerial responsibility" ("PDMR") in relation to the Company for the purposes of the UK Market Abuse Regulation.
Lakestreet Capital-controlled shareholdings
Following this transaction, Lakestreet Capital and Lakestreet Trading have the following interests in the Ordinary Shares of 10 pence of the Company:
|
Shareholder |
Shares held prior to the transaction |
Number of Shares transferred |
Resulting number of Shares held |
|
Lakestreet Capital |
1,809,149 |
(259,149) |
1,550,000 |
|
Lakestreet Trading |
1,180,851 |
259,149 |
1,440,000 |
|
TOTAL |
2,990,000 |
- |
2,990,000 |
Palace Capital plc
Christian Kappelhoff-Wulff, Non-Executive Chairman
[email protected]
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
|
a) |
Name |
Lakestreet Capital Partners AG |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
PCA with Christian Kappelhoff-Wulff and Valentin Pierburg, 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 Identification code |
ISIN: GB00BF5SGF06 |
|
b) |
Nature of the transaction |
Sale of shares |
|
c) |
Price(s) and volume(s) |
Price: 190 pence per Share 259,149 Shares |
|
d) |
Aggregated information - Aggregated volume - Price |
N/A - single transaction |
|
e) |
Date of the transaction |
23 September 2026 |
|
f) |
Place of the transaction |
XLON |
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
|
a) |
Name |
Lakestreet Trading AG |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
PCA with Christian Kappelhoff-Wulff and Valentin Pierburg, 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 Identification code |
ISIN: GB00BF5SGF06 |
|
b) |
Nature of the transaction |
Purchase of shares |
|
c) |
Price(s) and volume(s) |
Price: 190 pence per Share 259,149 Shares |
|
d) |
Aggregated information - Aggregated volume - Price |
N/A - single transaction |
|
e) |
Date of the transaction |
23 September 2026 |
|
f) |
Place of the transaction |
XLON |