Board change

12 August 2022

Palace Capital plc

("Palace Capital" or the "Company")

Board change

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 , announces the following change to its Board.

Richard Starr, Executive Property Director, has decided that now is the right time to step down from the Board with immediate effect and will leave the Company on 30 September following an orderly handover period. His duties will be allocated between Daniel Davies, Head of Asset Management and Tom Hood, Head of Investment, both of whom will report directly to Steven Owen, Interim Executive Chairman.

Steven Owen, Interim Executive Chairman, commented:

"On behalf of the Board, I would like to thank Richard for his dedication and commitment to Palace Capital over the last nine years. The Board and staff wish him well."

 

For further information:

 

Palace Capital plc

Steven Owen, Interim Executive Chairman
Tel. +44 (0)20 3301 8330

 

FTI Consulting

Dido Laurimore/ Giles Barrie

Tel: +44 (0)20 3727 1000

palacecapital@fticonsulting.com