- Title:
Grant of awards under Deferred Bonus Plan - Time:
07:00:08 - Date:
15 Jul 2020 - Category:
Director/PDMR dealings - ID:
0096T
15 July 2020
Palace Capital PLC
("Palace Capital", the "Company" or the "Group")
Grant of awards under Deferred Bonus Plan
Palace Capital (LSE: PCA), the UK REIT that has a UK regional commercial real estate portfolio with a bias towards the office and industrial sectors in carefully selected locations outside of London, announces that yesterday, 14 July 2020, the Company granted options to the executive directors of the Company under the Deferred Bonus Plan (the "DBP").
In accordance with the terms of the Deferred Bonus Plan, 35% of the bonus due to the Company's Executives for the year ended 31st March 2020 has been allocated to Share Options based on the ruling price of £1.86, as follows:
| Director/PDMR |
Share Options Allocated |
| Neil Sinclair |
34,417 |
| Richard Starr |
26,017 |
| Stephen Silvester |
24,500 |
For further information, contact:
PALACE CAPITAL PLC
Neil Sinclair, Chief Executive
Stephen Silvester, Finance Director
Tel. +44 (0)20 3301 8331
Broker
Numis Securities
Heraclis Economides / George Fry
Tel: +44 (0)20 7260 1000
Broker
Arden Partners plc
Corporate Finance: Paul Shackleton / Ciaran Walsh / Daniel Gee-Summons
Corporate Broking: James Reed-Daunter
Tel: +44 (0)207 614 5900
Financial PR
FTI Consulting
Claire Turvey / Methuselah Tanyanyiwa
Tel: +44 (0)20 3727 1000
About Palace Capital plc (www.palacecapitalplc.com)
Palace Capital is a property investment company with a premium listing on the Main Market of the London Stock Exchange (Stock Code: PCA). The Company owns a diversified regional portfolio across the UK and has a reputation for being entrepreneurial and opportunistic. Palace Capital acquires properties where it can enhance the long-term income and capital value through asset management and strategic capital development in locations outside London.
| 1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
| a) |
Name |
a. Neil Sinclair (Chief Executive) b. Richard Starr (Executive Director) c. Stephen Silvester (Finance Director) |
| 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 |
Issue of nil cost share options
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 |
| b) |
Nature of the transaction |
Issue of options |
| c) |
Price(s) and volume(s) |
Issue of nil cost share options a. 34,417 b. 26,017 c. 24,500 |
| d) |
Aggregated information - Aggregated volume - Price |
84,934 Nil |
| e) |
Date of the transaction |
14 July 2020 |
| f) |
Place of the transaction |
Outside a trading venue |
Grant of awards under Deferred Bonus Plan07:00:0815 Jul 2020Director/PDMR dealings0096T