Director/PDMR Shareholding

By

Regulatory News | 18 Jul, 2024

Updated : 07:01

RNS Number : 8149W
Palace Capital PLC
18 July 2024
 

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

www.palacecapitalplc.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

 

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