Share Name Share Symbol Market Type Share ISIN Share Description
Palace Capital LSE:PCA London Ordinary Share GB00BF5SGF06 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 314.00p 304.00p 316.00p - - - 0 09:31:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 16.7 13.3 35.9 8.7 143.93

Palace Capital PLC Dividend declaration

30/11/2017 1:00pm

UK Regulatory (RNS & others)


Palace Capital (LSE:PCA)
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TIDMPCA

RNS Number : 0092Y

Palace Capital PLC

30 November 2017

Palace Capital plc

("Palace Capital" or the "Company")

Dividend declaration

Further to the dividend forecast provided on 19 September 2017, Palace Capital, the property investment company that focusses on commercial property outside London, is pleased to announce that it will pay an interim dividend of 9.5p per ordinary share on 29 December 2017 to shareholders on the register as at 8 December 2017. The dividend is in respect of the six months ended 30 September 2017 and the interim results for this period will be announced on 4 December 2017.

As previously announced, following this payment, the Company intends to move to a quarterly dividend policy. The Company expects that the first quarterly dividend will be paid in April 2018.

Date: 30 November 2017

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 / Asha Chotai

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)

Scott Fulton

Tel. +44 (0)20 3763 3400

About Palace Capital plc (www.palacecapitalplc.com):

Palace Capital is a UK property investment company admitted to trading on the AIM Market of the London Stock Exchange (LSE: PCA). The Company is not sector specific and looks for opportunities where it can enhance the long-term income and capital value through asset management and strategic capital development in locations outside London. In its last reported financial year, Palace Capital produced a 20.0% increase in adjusted profit before tax, a 7.0% uplift in EPRA NAV per share and a 16.0% increase in dividends.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 30, 2017 08:00 ET (13:00 GMT)

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