PDMR/PCA Dealing
Palace Capital PLC has announced a transaction where Lakestreet Capital Partners AG sold 259,149 ordinary shares at 190 pence per share to Lakestreet Trading AG, with the total number of shares and voting rights controlled by Lakestreet Capital remaining unchanged at 2,990,000. This internal transfer involves entities closely associated with directors Christian Kappelhoff-Wulf and Valentin Pierburg, who are considered persons discharging managerial responsibility. The transaction, which occurred on 23 September 2026 on XLON, does not alter the ultimate beneficial ownership of the shares.
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Palace Capital (LSE: PCA) announces the sale of ordinary shares of 10 pence each in the Company ("Shares") from Lakestreet Capital Partners AG ("Lakestreet Capital") to Lakestreet Trading AG ("Lakestreet Trading"). The ultimate beneficial owner of the shares held by Lakestreet Trading is Lakestreet Capital, and therefore the total number of shares and voting rights controlled by Lakestreet Capital remains unchanged at 2,990,000 Shares.
Each of Lakestreet Capital and Lakestreet Trading are "persons closely associated" ("PCA") with Christian Kappelhoff-Wulf and Valentin Pierburg, directors of the Company, who are each considered to be "persons discharging managerial responsibility" ("PDMR") in relation to the Company for the purposes of the UK Market Abuse Regulation.
Lakestreet Capital-controlled shareholdings
Following this transaction, Lakestreet Capital and Lakestreet Trading have the following interests in the Ordinary Shares of 10 pence of the Company:
| Shareholder | Shares held prior to the transaction | Number of Shares transferred | Resulting number of Shares held |
| Lakestreet Capital | 1,809,149 | (259,149) | 1,550,000 |
| Lakestreet Trading | 1,180,851 | 259,149 | 1,440,000 |
| TOTAL | 2,990,000 | - | 2,990,000 |
| Palace Capital plc | |||
| Christian Kappelhoff-Wulff, Non-Executive Chairman | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Lakestreet Capital Partners AG | |
| 2 | Reason for the notification | ||
| a) | Position/status | PCA with Christian Kappelhoff-Wulff and Valentin Pierburg, PDMRs of the Company | |
| b) | Initial notification /Amendment | Initial notification | |
| a) | Name | Palace Capital plc | |
| b) | LEI | 2138009JDFQOXJFCJQ05 | |
| a) | Description of the financial instrument, type of instrument Identification code | ISIN: GB00BF5SGF06 | |
| b) | Nature of the transaction | Sale of shares | |
| c) | Price(s) and volume(s) | Price: 190 pence per Share 259,149 Shares | |
| d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | |
| e) | Date of the transaction | 23 September 2026 | |
| f) | Place of the transaction | XLON | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Lakestreet Trading AG | |
| 2 | Reason for the notification | ||
| a) | Position/status | PCA with Christian Kappelhoff-Wulff and Valentin Pierburg, PDMRs of the Company | |
| b) | Initial notification /Amendment | Initial notification | |
| a) | Name | Palace Capital plc | |
| b) | LEI | 2138009JDFQOXJFCJQ05 | |
| a) | Description of the financial instrument, type of instrument Identification code | ISIN: GB00BF5SGF06 | |
| b) | Nature of the transaction | Purchase of shares | |
| c) | Price(s) and volume(s) | Price: 190 pence per Share 259,149 Shares | |
| d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | |
| e) | Date of the transaction | 23 September 2026 | |
| f) | Place of the transaction | XLON | |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.