REG - Palace Capital PLC - Appointment of Non-Executive Director

Palace CapitalAnnouncement

31/01/2019 17:30

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RNS Number : 7516O
Palace Capital PLC
31 January 2019
 
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
 
Numis Securities
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
palacecapital@fticonsulting.com (mailto:palacecapital@fticonsulting.com)
Tel. +44 (0)20 3727 1000
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