Business
Directorate Change
Directorate Change.
About this update from Palace Capital Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6182I\n Palace Capital PLC\n 13 August 2021\n \n \n \n \n 13 August 2021\n \n \n PALACE CAPITAL PLC\n \n \n (\"Palace Capital\" or the \"Company\")\n \n \n Directorate Change \n \n \n Palace Capital (LSE: PCA), the Main Market listed property investment company that has a portfolio of UK commercial real estate in the regions, with a focus on the office and industrial sectors, announces that Stephen Silvester, Chief Financial Officer will step down from the Board on 29 October 2021.\n \n \n \n \n \n Matthew Simpson, Head of Finance and Operations, who is a qualified chartered accountant and has been with the Company since 2016, has been appointed Finance Director Designate. The Board is in the process of reviewing the Group's cost base and will provide a further update on the appointment of a permanent successor in due course.\n \n \n \n \n \n \n Neil Sinclair, Chief Executive of Palace Capital commented: \n \n \"On behalf of the Board I would like to thank Stephen for his contribution to the business over the past six years and wish him well for the future.\"\n \n \n \n \n \n \n Stephen Silvester, Chief Financial Officer of Palace Capital commented: \n \n \"It has been a fantastic six years working with the team at Palace Capital, securing a premium listing on the main market and converting to a REIT during that time. I wish the Company all the success for the future\".\n \n \n \n \n \n For further information please contact:\n \n \n PALACE CAPITAL PLC\n \n \n Neil Sinclair, Chief Executive\n \n \n Tel. +44 (0)20 3301 8331\n \n \n Broker\n \n \n Numis Securities\n \n \n Heraclis Economides / George Fry\n \n \n Tel: +44 (0)20 7260 1000\n \n \n Broker\n \n \n Arden Partners plc\n \n \n Corporate Finance: Paul Shackleton / Elliot Mustoe\n \n \n Corporate Broking: James Reed-Daunter\n \n \n Tel: +44 (0)207 614 5900\n \n \n Financial PR\n \n \n FTI Consulting\n \n \n Claire Turvey / Katie Hughes\n \n \n Tel: +44 (0)20 3727 1000\n \n \n [email protected]\n \n \n About Palace Capital plc\n \n \n Palace Capital plc (LSE: PCA) is a UK REIT that has a £274 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...