Business
Share Buyback and Total Voting Rights
Share Buyback and Total Voting Rights.
About this update from Palace Capital Plc
[{"type":"text","content":"\n\n8 August 2023\nPalace Capital plc\n(\"Palace Capital\" or the \"Company\")\nShare Buyback and Total Voting Rights\n \nFollowing the announcements on 15 June and 3 July 2023 in relation to the ongoing share buyback programme (the \"Programme\"), Palace Capital is today announcing a further extension. Since 4 July 2022, Palace Capital has purchased 4,488,633 ordinary shares of 10 pence each (\"Shares\").\nAs at 7 August 2023, including Shares which have been purchased but not yet settled, the Company holds 4,548,220 Shares in Treasury. The total number of Shares in issue is 41,840,295 (excluding Shares held in Treasury). This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\nFollowing approval of the resolution relating to the market purchase of own shares at the Annual General Meeting held on 26 July 2023, the Company intends to purchase up to a further 4,284,029 Shares representing approximately 10% of the Company's Shares in issue with voting rights. The aggregate purchase price of all Shares acquired under the Programme will be no more than £11 million (excluding stamp duty and expenses) under the resolution passed at the 2023 AGM.\n \nThe Company has appointed Numis Securities Limited (\"Numis\") to manage the Programme.\nShare purchases will take place in open market transactions and may be made from time to time depending on market conditions, share price and trading volume. Purchases of the Company's shares under the Programme will commence from today. The Programme is in accordance with the Company's general authority to purchase a maximum of 4,284,029 Shares, granted by its shareholders at the Annual General Meeting held on 26 July 2023. The Programme will be effected within the parameters of the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU (as in force in the UK from time to time, including where relevant pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019). The Company confirms that it currently has no other unpublished price sensitive information.\nShare rep...