REG - Palace Capital PLC - Dividend Declaration

Palace CapitalAnnouncement

13/03/2018 07:05

RNS Number : 4815H
Palace Capital PLC
13 March 2018
Palace Capital PLC
("Palace Capital" or the "Company")
Dividend Declaration
Further to its announcement 4 December 2017, Palace Capital plc, the property investment company that focuses on commercial property predominantly outside London, is pleased to announce that it will pay a quarterly dividend of 4.75 pence per ordinary share on 13 April 2018 to shareholders on the register as at 23 March 2018. The dividend is in respect of the three months ended 31 December 2017.
Date: 13 March 2018
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
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