Palace Capital PLC Director/PDMR Shareholding (4158Q)
October 17 2023 - 10:00AM
UK Regulatory
TIDMPCA
RNS Number : 4158Q
Palace Capital PLC
17 October 2023
17 October 2023
Palace Capital PLC
("Palace Capital", the "Company" or the "Group")
Director / PDMR Dealing
Palace Capital (LSE: PCA) announces the following transactions
by a Director and certain PDMRs of the Company pursuant to the
awards granted on 14 October 2020 under the Palace Capital Long
Term Incentive Plan (2020 LTIP).
On 16 October 2023, 50% of the awards granted under the 2020
LTIP vested in line with the Performance Conditions set at the time
of award. In accordance with the rules of the plan, additional
shares were added to each award equivalent to the dividends payable
during the three year performance period.
The Director and PDMRs exercised and received their awards net
of income tax and national insurance liabilities, retaining the
balance. Awards were satisfied using shares from the Palace Capital
PLC Employee Benefit Trust.
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 Net number Total Palace % of Palace
prior to of Shares shares shares in issue
the transactions acquired held
Matthew Simpson,
Chief Financial
Officer 21,084 9,349 30,433 0.1%
------------------ ---------- ------------- -----------------
Daniel Davies,
Head of Asset
Management 3,682 9,349 13,031 0.03%
------------------ ---------- ------------- -----------------
Thomas Hood
Head of Investment 3,138 8,534 11,672 0.03%
------------------ ---------- ------------- -----------------
PALACE CAPITAL PLC
Steven Owen, Executive Chairman / Matthew Simpson, Chief
Financial Officer
info@palacecapitalplc.com
Financial PR
FTI Consulting
Dido Laurimore/ Giles Barrie
Tel: +44 (0)20 3727 1000
palacecapital@fticonsulting.com
www.palacecapitalplc.com
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name a. Matthew Simpson (Chief Financial Officer)
b. Daniel Davies (Head of Asset Management)
c. Thomas Hood (Head of Investment)
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status See 1 a) above
-------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------------
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 Exercise of option over Ordinary shares
financial instrument, of 10p
type of instrument
Identification code 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: nil
a. 9,349
b. 9,349
c. 8,534
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume 27,232
- Price Nil
-------------------------- ---------------------------------------------
e) Date of the transaction 16 October 2023
-------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------------
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END
DSHFLFIFISLDLIV
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October 17, 2023 11:00 ET (15:00 GMT)
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