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. 44 (0)20 3301 8331
Heraclis Economides / George Fry
Tel: 44 (0)20 7260 1000
Arden Partners plc
Corporate Finance: Paul Shackleton / Elliot Mustoe
Corporate Broking: James Reed-Daunter
Tel: 44 (0)207 614 5900
Claire Turvey / Katie Hughes
Tel: 44 (0)20 3727 1000
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.