PALACE CAPITAL PLC

AGM Information • Oct 18, 2013

National Storage Mechanism | Additional information

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RNS Number : 8529Q

Palace Capital PLC

18 October 2013

18 October 2013

Palace Capital plc ( "Palace Capital" or "Company")

£39.25 million acquisition of Sequel Portfolio and £23.5 million Placing

Result of General Meeting

Further to the announcement made by Palace Capital on 2 October 2013 regarding the proposed  acquisition of the Sequel Portfolio from Quintain Estates & Development PLC, the Company is pleased to confirm that all resolutions proposed at the General Meeting of the Company held earlier today were duly passed.

Application has been made for the 12,440,937 New Ordinary Shares to be issued pursuant to the Reorganisation, the Placing and the Acquisition to be admitted to AIM. Such Admission is expected to become effective at 8.00 a.m. on 21 October 2013. Existing Ordinary Shares will be traded in the new form on the basis of 1 New Ordinary Share for every 100 Existing Ordinary Shares in Palace Capital held at 5.30 p.m. on 18 October 2013.

The same definitions apply throughout this announcement as are applied in the Admission Document, published on 2 October 2013 , copies of which are available on the Company's website, www.palacecapitaplc.com.

-ends-

For further information contact:

Palace Capital Plc	Tel. +44 (0)20 7722 7603
Neil Sinclair, Managing Director
Allenby Capital Limited - NOMAD/Joint Broker	Tel. +44 (0) 20 3328 5656
Nick Naylor, Chief Executive
Mark Connelly, Corporate Finance
Arden Partners plc - Joint Broker Chris Hardie Jamie Cameron	Tel. +44 207 614 5917
Broker Profile	Tel. +44(0) 20 7448 3244
Simon Courtenay

This information is provided by RNS

The company news service from the London Stock Exchange

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