REG - Palace Capital PLC - Appointment of Matthew Simpson as CFO

Palace CapitalAnnouncement

12/11/2021 07:05

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211112:nRSL1440Sa&default-theme=true

RNS Number : 1440S  Palace Capital PLC  12 November 2021

12 November 2021

Palace Capital PLC

("Palace Capital" or the "Company")

Appointment of Matthew Simpson as Chief Financial Officer

Palace Capital (LSE: PCA) the Main Market listed property investment company
that has a portfolio of UK commercial real estate in carefully selected
locations outside of London with a focus on the office and industrial sectors,
is pleased to announce the appointment of Matthew Simpson as Chief Financial
Officer of the Company with effect from 11(th) November 2021.

Matthew is a chartered certified accountant, with 15 years of experience and
has been with the Company since 2016. Previously holding the position of Head
of Finance and Operations, Matthew was appointed as Finance Director Designate
on 13 August 2021.

Prior to joining the Company, Matthew held various finance roles, including at
CIT Group Partners LLP and PricewaterhouseCoopers.

Commenting on the appointment, Neil Sinclair, CEO of Palace Capital Plc, said:
"Matthew's appointment recognises the significant contribution he has made to
the business over the past five years and we're very pleased to have him join
the Palace Capital Board at an important juncture in the Company's growth."

Matthew Simpson has not held directorships in the last five years in any
publicly quoted companies. Mr Simpson personally holds 7,060 shares in the
Company. The Company confirms that no other disclosures are required pursuant
to LR9.6.13R.

For further information please contact:

PALACE CAPITAL PLC

Neil Sinclair, Chief Executive

Tel. +44 (0)20 3301 8331

Broker

Numis Securities

Heraclis Economides / George Fry

Tel: +44 (0)20 7260 1000

Broker

Arden Partners plc

Corporate Finance: Paul Shackleton / Elliot Mustoe

Corporate Broking: James Reed-Daunter

Tel: +44 (0)207 614 5900

Financial PR

FTI Consulting

Claire Turvey / Katie Hughes

Tel: +44 (0)20 3727 1000

palacecapital@fticonsulting.com

About Palace Capital plc (www.palacecapitalplc.com)

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.

www.palacecapitalplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAQFLFFFFLXFBK