Business
Option exercises and Transaction in Own Shares
Option exercises and Transaction in Own Shares.
About this update from Palace Capital Plc
[{"type":"text","content":"\n \nRNS Number : 2070Z Palace Capital PLC 13 March 2017 \n\nPalace Capital PLC\n \n(\"Palace Capital\" or the \"Company\")\n \nTransaction in own shares\nExercise of options, Director shareholdings and total voting rights\n \nPalace Capital, the property investment company that focuses on real estate outside London, announces that on 10 March 2017 it purchased 500,000 of its own ordinary shares of 10p each (\"Ordinary Shares\") at a price of 340 pence per Ordinary Share. \n \nThe Company also announces the following option exercises and transactions in the Company's ordinary shares by certain directors and a PDMR. All of the 31,593 options were exercised from existing Company treasury shares at a price of 225 pence and sold at 340 pence per Ordinary Share back to the Company. \n \nFurther details of the options exercises and Company purchases are below: \n \n\n\n\n\nPDMR\n\n\nOptions exercised\n\n\nNumber of shares held post options sale\n\n\n% of the Company's voting rights\n\n\n\n\nNeil Sinclair \n\n\n17,376\n\n\n173,767\n\n\n0.69\n\n\n\n\nStanley Davis\n\n\n8,688\n\n\n1,565,287\n\n\n6.22\n\n\n\n\nDavid Kaye\n\n\n5,529\n\n\nNone\n\n\nNone\n\n\n\n\n \nAll of the 531,593 Ordinary Shares purchased by the Company on 10 March 2017 are to be held as treasury shares. It is the intention of the Company to utilise the shares held in treasury in order to satisfy awards of shares under the Company's long term incentive plan.\n \nFollowing the transfer into treasury, Palace Capital has in issue (excluding the total of 649,587 ordinary shares now held in treasury) 25,150,692 ordinary shares.\n \nThe above figure of 25,150,692 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.\n \n-ends-\nDate: 13 March 2017\n \nFor further information, contact:\n \nPalace Capital plc\nNeil Sinclair, Chief Executive\nStephen Silvester, Finance Director\nTel. +44 (0)20 3301 8331\n \nAllenby Capital Limited (Nominated Adviser and Joint Broker)\nNick Naylor / James Reeve\nTel. +44 (0)20 3328 5656\n \nArden Partners plc (Joint Broker)\nChris Hardie / Ciaran Walsh\nTel. +44 (0)207 ...