Appointment of Non-Executive Director

RNS Number : 6420B

Palace Capital PLC

03 February 2020

 

3 February 2020

Palace Capital PLC

("Palace Capital" or the "Company")

Appointment of Paula Dillon as a Non-Executive Director

Palace Capital (LSE: PCA) the Main Market listed real estate investment company that has a diversified portfolio of UK commercial real estate in carefully selected locations outside London, is pleased to announce the appointment of Paula Dillon as a Non-Executive Director of the Company with effect from 1st March 2020.

Paula is a qualified lawyer who specialised in the real estate sector for more than 30 years. During this time Paula worked on some of the largest developments in the north of England. Paula recently retired from Womble Bond Dickinson LLP, which she joined in 2013 and where she spearheaded the growth of the firm's Leeds office. Paula served on the US/UK board of Womble Bond Dickinson LLP and was the board sponsor for Diversity and Inclusion.

Outside of her extensive legal career, Paula served on the board of Opera North between 2009 and 2017 before stepping down to become the first female President of the Leeds Chamber of Commerce in 2017. Paula currently serves as vice-chair on the board of the West and North Yorkshire Chamber of Commerce.

Commenting on the appointment, Stanley Davis, Chairman of Palace Capital Plc, said: "Paula has had a distinguished legal career and brings significant experience, an extensive network and a deep understanding of the real estate sector, its challenges and opportunities. In particular, her close understanding of the regional economy and issues across transport, planning policy, skills and technology will complement the existing Board and we look forward to working with her."

The Company confirms that no other disclosures are required pursuant to LR9.6.13R.

For further information please contact:

PALACE CAPITAL PLC

Neil Sinclair, Chief Executive

Stephen Silvester, Finance Director

Tel. [phone]

Broker

Numis Securities

Heraclis Economides / Oliver Hardy

Tel: [phone]

Broker

Arden Partners plc

Corporate Finance: Paul Shackleton / Ciaran Walsh / Daniel Gee-Summons

Corporate Broking: James Reed-Daunter

Tel: [phone]

Financial PR

FTI Consulting

Claire Turvey / Methuselah Tanyanyiwa

Tel: [phone]

[e-mail]

About Palace Capital plc (www.palacecapitalplc.com)

Palace Capital plc (LSE: PCA) is a UK REIT that has a £275.8 million diversified portfolio of UK regional commercial property. The Company maintains a disciplined investment strategy focused on towns and cities outside of London that are characterised by thriving local economies and strengthening fundamentals. Within those locations the highly experienced management team select assets that provide opportunities to drive both capital value and long-term rental income through tailored active asset management programmes ultimately delivering attractive shareholder returns.

www.palacecapitalplc.com

 

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