RNS Number : 9879P

Palace Capital PLC

15 October 2019

Correction: The announcement released at 17.21 on 30 September 2019 under RNS number 2255O stated that Mr Starr had purchased shares at 295.16p. This has been corrected to 273.47p in the two tables below following a discrepancy with the execution of the trade.

15 October 2019

Palace Capital PLC

("Palace Capital", the "Company" or the "Group")

Director Dealing

Palace Capital, the property investment company that focusses on commercial property outside London, has been informed that certain Directors and PDMRs of the Company sold then repurchased Ordinary Shares to facilitate an ISA transfer. Further details are set out below.

Date of the Transaction	Director	Position	No. of Ordinary Shares Sold	Price (p)	No. of Ordinary Shares purchased	Price (p)
27 September 2019	Richard Starr	Executive Director	7,439	273.07	7,439	273.47
25 September 2019	Stephen Silvester	Finance Director	7,118	281.00	7,067	281.40
27 September 2019	Matthew Simpson	Financial Controller	3,212	276	3,162	276.90

Following these transaction, Richard Starr, Stephen Silvester and Matthew Simpson and persons closely associated with them are interested in 172,549, 29,969 and 3,162 Ordinary Shares respectively, representing 0.37% per cent, 0.07% per cent and 0.01% per cent. of the Company's voting rights. In the case of Stephen Silvester and persons closely associated this figure includes 149 Ordinary Shares that were purchased through the reinvestment of dividends paid by the Company as detailed below.

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 / Oliver Hardy

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

palacecapital@fticonsulting.com

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	Richard Starr (Executive 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	Ordinary shares of 10p Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)	Nature of the transaction	Sale and Purchase of Shares
c)	Price(s) and volume(s)	Sale 7,439 at 273.07p Purchase 7,439 at 273.47p
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	27 September 2019
f)	Place of the transaction	London Stock Exchange, (XLON)
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matthew Simpson (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	Ordinary shares of 10p Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)	Nature of the transaction	Sale and Purchase of Shares
c)	Price(s) and volume(s)	Sale 3,212 at 276.00p Purchase 3,162 at 276.90p
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	27 September 2019
f)	Place of the transaction	London Stock Exchange, (XLON)
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	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	Ordinary shares of 10p Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)	Nature of the transaction	Sale and Purchase of Shares
c)	Price(s) and volume(s)	Sale 7,118 at 281.00p Purchase 7,067 at 281.40p
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	25 September 2019
f)	Place of the transaction	London Stock Exchange, (XLON)
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	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	Ordinary shares of 10p Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)	Nature of the transaction	Purchase of Shares
c)	Price(s) and volume(s)	70 shares at 294.60
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	15 May 2019
f)	Place of the transaction	London Stock Exchange, (XLON)
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hanneke Silvester (Spouse of PDMR)
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	Ordinary shares of 10p Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06
b)	Nature of the transaction	Purchase of Shares
c)	Price(s) and volume(s)	79 shares at 294.60
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	15 May 2019
f)	Place of the transaction	London Stock Exchange, (XLON)

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DSHLLFIRIVLELIA