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Palace Capital PLC (PCA)

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Friday 12 November, 2021

Palace Capital PLC

Appointment of Matthew Simpson as CFO

RNS Number : 1440S
Palace Capital PLC
12 November 2021
 

12 November 2021

Palace Capital PLC

("Palace Capital" or the "Company")

Appointment of Matthew Simpson as Chief Financial Officer

Palace Capital (LSE: PCA) the Main Market listed property investment company that has a portfolio of UK commercial real estate in carefully selected locations outside of London with a focus on the office and industrial sectors, is pleased to announce the appointment of Matthew Simpson as Chief Financial Officer of the Company with effect from 11th November 2021.

Matthew is a chartered certified accountant, with 15 years of experience and has been with the Company since 2016. Previously holding the position of Head of Finance and Operations, Matthew was appointed as Finance Director Designate on 13 August 2021.

Prior to joining the Company, Matthew held various finance roles, including at CIT Group Partners LLP and PricewaterhouseCoopers.

Commenting on the appointment, Neil Sinclair, CEO of Palace Capital Plc, said: "Matthew's appointment recognises the significant contribution he has made to the business over the past five years and we're very pleased to have him join the Palace Capital Board at an important juncture in the Company's growth."

Matthew Simpson has not held directorships in the last five years in any publicly quoted companies. Mr Simpson personally holds 7,060 shares in the Company. 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

Tel. +44 (0)20 3301 8331

Broker

Numis Securities

Heraclis Economides / George Fry

Tel: +44 (0)20 7260 1000

Broker

Arden Partners plc

Corporate Finance: Paul Shackleton / Elliot Mustoe

Corporate Broking: James Reed-Daunter

Tel: +44 (0)207 614 5900

Financial PR

FTI Consulting

Claire Turvey / Katie Hughes

Tel: +44 (0)20 3727 1000

[email protected]

About Palace Capital plc (www.palacecapitalplc.com)

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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