The following is a clarification of the Appointment of a Non-Executive Director announcement released on 28 January 2019 at 7.00am under RNS number 1950O. Mickola Wilson's role with the Bank of London and the Middle East is in an advisory capacity to the Bank's Real Estate Investment Committee. As this is not a position required to be disclosed under the listing rules, reference to the role has been removed from the corrected announcement below.
31 January 2019
Palace Capital PLC
("Palace Capital" or the "Company")
Appointment of Mickola Wilson as a Non-Executive Director
Palace Capital (LSE: PCA), the Main Market listed property investment company that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London, is pleased to announce the appointment of Mickola Wilson as a Non-Executive Director of the Company with effect from 1st February 2019.
Mickola is currently a Joint Owner and Director of Seven Dials Fund Management responsible for providing consultancy, research and investment management advice to the property fund management industry in the UK and worldwide. Prior to this role, Mickola was CEO of Teesland Plc for six years, having joined the business in 2002. During her tenure at Teesland Plc she played a pivotal role in transforming the business from a property services company into a fund management company, expanding its reach regionally across the UK and into Europe, growing it to a c. £60 million turnover business with a value of £200 million when it was acquired by VALAD in 2007.
From 2008-2013 Mickola served as Non-Executive Chairman of Cushman & Wakefield Investors, the investment management arm of Cushman and Wakefield, and was a member of the Property Advisory Panel at the Social Stock Exchange from 2016-2018, assessing prospective property candidates for listing on both AIM and the LSE. Mickola has held various other executive and non-executive positions, including current roles with the Government Property Agency (GPA), The Health Foundation and the Queen Victoria Hospital NHS Foundation Trust.
Mickola is an ambassador for Women in Property, an organisation that creates opportunities, expands knowledge and inspires change for women working in the property and construction industry.
Commenting on the appointment, Stanley Davis, Chairman of Palace Capital Plc, said: "Mickola has had a distinguished career across the listed and non-listed property industry and is undoubtedly a very experienced board director and business leader who has successfully operated at a senior management level within the sector for a long time. We welcome her to the Board of Palace Capital and I strongly believe that her contributions to the Company through its next level of growth will be invaluable."
No further details remain to be disclosed as required under LR 9.6.13R of the listing rules of the UK Listing Authority in relation to Mickola Wilson.
For further information, contact:
Palace Capital plc
Neil Sinclair, Chief Executive
Stephen Silvester, Finance Director
Tel. 44 (0)20 3301 8331
Heraclis Economides / Oliver Hardy
Tel: 44 (0)20 7260 1000
Arden Partners plc
Paul Shackleton / Ciaran Walsh / Alex Penney
Tel. 44 (0)207 614 5900
FTI Consulting (Financial PR)
Claire Turvey / Methuselah Tanyanyiwa
Tel. 44 (0)20 3727 1000