RNS announcement

RNS Number : 6762Q

Palace Capital PLC

03 September 2014

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Palace Capital plc

2 Reason for the notification:

An event changing the breakdown of voting rights

3. Full name of person(s) subject to the notification obligation:

Commerzbank AG

4. Full name of shareholder(s) (if different from 3.):

5. Date of the transaction and date on which the threshold is crossed or reached:

29 August 2014

6. Date on which issuer notified:

02 September 2014

7. Threshold(s) that is/are crossed or reached:

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Number of Shares

Number of Voting Rights

GB00BF5SGF06

1,159,500

Class/type of shares if possible using the ISIN CODE	Resulting situation after the triggering transaction
	Number of shares	Number of voting rights		% of voting rights
	Direct	Direct	Indirect	Direct	Indirect
GB00BF5SGF06	1,140,200	1,140,200	-	5.68%	-

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
NA

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion period	Number of voting rights instrument refers to	% of voting rights
					Nominal	Delta
N/A

Total (A B C)

Number of voting rights	Percentage of voting rights
1,140,200	5.68%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Louise Reid

15. Contact telephone number:

0207 475 5881

This information is provided by RNS

The company news service from the London Stock Exchange

END

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