RNS announcement

Palace Capital PLC

("Palace Capital" or the "Company")

Director shareholding

Palace Capital plc, the property investment company focussing on property outside London, has been informed by Anthony Dove, Non-Executive Director, that he has today purchased 2,000 ordinary shares of 10p in the Company ("ordinary shares") at an average price of 363.75p per ordinary share. 

Following this purchase, Mr Dove has a total notifiable interest in 80,000 ordinary shares, equivalent to 0.31 per cent. of the Company's voting rights.  Mr Dove has the beneficial interest in 25,742 of these ordinary shares and his wife, Susan Dove, has the beneficial interest in 54,258 ordinary shares.

Date: 22 June 2016

For further information contact:

Palace Capital plc

Neil Sinclair, Chief Executive

Stephen Silvester, Finance Director

Tel. 44 (0)20 3301 8331

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Nick Naylor / James Reeve

Tel. 44 (0)20 3328 5656

Arden Partners plc (Joint Broker)

Chris Hardie / Ciaran Walsh

Tel. 44 (0)207 614 5917

Capital Access Group (Financial PR)

Simon Courtenay

Tel. 44 (0)20 3763 3400