Business
Publication of a Prospectus, move to Official List
Publication of a Prospectus, move to Official List.
About this update from Palace Capital Plc
[{"type":"text","content":"\n \nRNS Number : 1125G Palace Capital PLC 27 February 2018 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\nThis announcement is for information purposes only and is not a prospectus and not an offer of securities for sale in any jurisdiction, including in the United States, Australia, Canada, Japan and South Africa.\nThis announcement should be read in its entirety. In particular, you should read and understand the information provided in the \"Important Notice\" section below.\n27 February 2018\nPalace Capital Plc\n(\"Palace Capital\" or the \"Company\")\nPublication of Prospectus\nNotification of proposed admission to the Official List and cancellation of trading on AIM\nPalace Capital plc, the property investment company that focuses on commercial property predominantly outside London, is pleased to announce that the UK Listing Authority has approved a Prospectus in relation to the proposed admission of the Company's shares to the premium listing segment of the Official List of the FCA and admission to trading on its Main Market for listed securities (\"Admission\"). \nPursuant to AIM Rule 41 of the AIM Rules for Companies, the Company also gives notice that it intends to cancel the trading of its Ordinary Shares on the AIM market of the London Stock Exchange (\"AIM\") in the event of its application being successful.\nThe Company directors believe that a premium listing will support the long-term strategy of the Company by providing a more appropriate platform for its growth. In addition, the Company directors believe that Admission will raise the Company's profile, increase its trading liquidity and provide the Company with a greater range of potential investors for its ordinary shares. Admission will be through an introduction of the existing Ordinary Shares. The Company will not be issuing new shares in conjunction with the proposed Admission or the publication of the related prospectus and has no current intention to raise capital through the issue of new shares in the UK or elsewhere.\nThe Prospectus will be posted to shareholders tomorrow. It will also be ...