Update on Chair recruitment

RNS Number : 1685Q

Palace Capital PLC

26 October 2021

 

26 October 2021

PALACE CAPITAL PLC

("Palace Capital" or the "Company")

Update on Chair recruitment

Further to the announcement dated 27 July 2021 announcing Stanley Davis's retirement from the Board, Palace Capital (LSE: PCA) is providing an update on the Chair recruitment process.

The Company is pleased to report that the search process is progressing well with several strong candidates in the shortlist. The Board intends to progress its interviews next month and expects to announce the details of the new Chair shortly thereafter.

To ensure continuity and minimal disruption during this transition period, Stanley Davis, who was due to stand down on 29 October 2021, has been asked and has agreed to remain on the Board until 31 December with the Chairman elect undertaking their induction into the Company prior to his departure.

A further announcement will be made in due course.  

For further information please contact:

PALACE CAPITAL PLC

Neil Sinclair, Chief Executive

Matthew Simpson, Finance Director Designate

Tel. [phone]

Broker

Numis Securities

Heraclis Economides / George Fry

Tel: [phone]

Broker

Arden Partners plc

Corporate Finance: Paul Shackleton / Elliot Mustoe

Corporate Broking: James Reed-Daunter

Tel: [phone]

Financial PR

FTI Consulting

Claire Turvey / Katie Hughes

Tel: [phone]

[e-mail]

About Palace Capital plc

Palace Capital plc (LSE: PCA) is a UK REIT that has a £273 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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