Transaction in Own Shares

RNS Number : 7496B

Palace Capital PLC

21 June 2016

 

Palace Capital PLC

("Palace Capital" or the "Company")

Transaction in own shares

Palace Capital PLC announces that on 20 June 2016 it purchased 58,000 of its own ordinary shares of 10p each ("ordinary shares") at an average price of 360 pence per ordinary share. All of the purchased shares are to be held as treasury shares.

Following the transfer into treasury, Palace Capital has in issue (excluding the total of 149,587 ordinary shares now held in treasury) 25,650,692 ordinary shares.

The above figure of 25,650,692 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.

Date: 21 June 2016

For further information contact:

Palace Capital plc

Neil Sinclair, Chief Executive

Stephen Silvester, Finance Director

Tel. [phone]

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Nick Naylor / James Reeve

Tel. [phone]

Arden Partners plc (Joint Broker)

Chris Hardie / Ciaran Walsh

Tel. [phone]

Capital Access Group (Financial PR)

Simon Courtenay

Tel. [phone]

 

END

 

 

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