Business
Dividend declaration
Dividend declaration.
About this update from Palace Capital Plc
[{"type":"text","content":"\n \nRNS Number : 0092Y Palace Capital PLC 30 November 2017 \n\nPalace Capital plc\n(\"Palace Capital\" or the \"Company\")\n \nDividend declaration\n \nFurther to the dividend forecast provided on 19 September 2017, Palace Capital, the property investment company that focusses on commercial property outside London, is pleased to announce that it will pay an interim dividend of 9.5p per ordinary share on 29 December 2017 to shareholders on the register as at 8 December 2017. The dividend is in respect of the six months ended 30 September 2017 and the interim results for this period will be announced on 4 December 2017.\n \nAs previously announced, following this payment, the Company intends to move to a quarterly dividend policy. The Company expects that the first quarterly dividend will be paid in April 2018.\n \nDate: 30 November 2017\n \nFor further information, contact:\n \nPalace Capital plc\nNeil Sinclair, Chief Executive\nStephen Silvester, Finance Director\nTel. +44 (0)20 3301 8331\n \nAllenby Capital Limited (Nominated Adviser and Joint Broker)\nNick Naylor / James Reeve / Asha Chotai\nTel. +44 (0)20 3328 5656\n \nArden Partners plc (Joint Broker)\nChris Hardie / Ciaran Walsh\nTel. +44 (0)207 614 5917\n \nCapital Access Group (Financial PR)\nScott Fulton\nTel. +44 (0)20 3763 3400\n \nAbout Palace Capital plc (www.palacecapitalplc.com):\nPalace 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.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DIVWGGMAGUPMGPU\n ","length":3749,"tagName":"div"}]