REG - Palace Capital PLC - Dividend Declaration

Palace CapitalAnnouncement

15/09/2022 07:00

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RNS Number : 4928Z  Palace Capital PLC  15 September 2022

15 September 2022

 

Palace Capital PLC

("Palace Capital" or the "Company")

 

Dividend Declaration

Palace Capital (LSE: PCA), the Main Market property investment company that
owns a diversified portfolio of UK commercial real estate in carefully
selected locations outside of London, is pleased to announce that it will pay
a quarterly dividend, in respect of the three months ended 30 June 2022, of
3.75 pence per ordinary share. The entire dividend will be paid as a Property
Income Distribution.

The dividend will be paid on 14 October 2022 to shareholders on the register
as at 23 September 2022. The ex-dividend date will be 22 September 2022.

Disposals update

Apartment sales at Hudson Quarter, York have continued to progress, despite
the uncertain economic backdrop. A further seven apartments have been sold in
the period for a total of £3.0m, with aggregate proceeds of the 87 units sold
totalling £30.4m. A further eight units are under offer to the value of
£3.9m, leaving 32 units remaining.

The Company has completed four non-core property disposals in the period for a
total of £4.8m. We will provide a further update on the disposal strategy in
the trading update for the 6 month period ending 30 September 2022 expected to
be announced on Wednesday 12th October. The Company will report its interim
results in November 2022.

For further information please contact:

 

PALACE CAPITAL PLC

Steven Owen, Interim Executive Chairman / Matthew Simpson, Chief Financial
Officer

Tel. +44 (0)20 3301 8330

 

Financial PR

FTI Consulting

Dido Laurimore/ Giles Barrie

Tel: +44 (0)20 3727 1000

palacecapital@fticonsulting.com

 

www.palacecapitalplc.com (http://www.palacecapitalplc.com)

 

 

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