PALACE CAPITAL PLC

Board/Management Information • Jan 16, 2014

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RNS Number : 8436X

Palace Capital PLC

16 January 2014

PALACE CAPITAL PLC

("Palace Capital" or the "Company")

Appointment of Non-Executive Director

Palace Capital, the property company focussed on investing in the UK's secondary property market outside London, is pleased to announce the appointment of Roger Benjamin Nagioff to the Board of the Company as a Non-Executive Director, with immediate effect.

Roger Nagioff is a Founding Partner of JRJ Group, and brings almost three decades of operating and investing experience to the Company. Prior to co-founding JRJ Group, in late 2008, he served in various senior executive positions within Lehman Brothers, which he joined in 1997, holding leadership roles in a number of business lines. During his tenure at Lehman Brothers, he held positions in both Europe and the United States and was Global Head of Fixed Income from May 2007 to February 2008 and had previously served as Chief Operating Officer for Europe, Co-Head of Global Equities and Head of European Equities. Alongside Jeremy Isaacs, Roger was central to the strategic development and implementation of Lehman Brothers' international businesses in Europe and Asia. Prior to Lehman Brothers he worked for Natwest Markets with responsibilities for risk management, trading and derivatives sales. Roger holds a BA degree in law from City University, London. He is a director of Topstar Properties Limited, Pointcharm Limited and the Homes Partnership (Bristol) Limited.

Regulatory disclosures

Roger Benjamin Nagioff (age 49) is or has been a director or partner of the following companies or partnerships during the previous 5 years:

Current		Previous
Village Home s (Hatfield) LLP Fusion Global Developments LLP Topstar Properties Limited Pointcharm Limited RN Hatfield Limited Leys Village Limited Village Homes (Southern) LLP JRJ Ventures LLP LSBI LLP JRJ Investments Limited Marex Spectron Group Limited Marex Financial Limited Monecor (London) Limited Fireway Inc. Amphitryon Limited		The Homes Partnership (Bristol) Limited Fusion Fortune Lane LLP Marex Financial Limited

Roger Nagioff resigned as a director of Lehman Brothers International (Europe) on 22 February 2008, which is within 12 months of the company being placed into administration on 15 September 2008.

There is no further information on Roger Nagioff required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Commenting on the appointment Neil Sinclair, Managing Director said;

"The Board is pleased to welcome Roger Nagioff to the Board. Roger brings considerable operational expertise and a wealth of financial knowledge and experience to the Board and will no doubt prove to be an invaluable asset to the Company in this exciting time in its development."

For further information contact

Palace Capital Plc	Tel. +44 (0)20 7722  7603
Stanley Davis, Non-executive Chairman
Neil Sinclair, Managing Director
Allenby Capital Limited	Tel. +44 (0) 20 3328 5656
Nick Naylor, Corporate Finance
Mark Connelly, Corporate Finance
Arden Partners plc	Tel: +44 (0) 20 7614 5917
Christopher Hardie, Corporate Finance
Broker Profile (Financial PR)	Tel. +44(0) 20 7448 3244
Simon Courtenay    Tamsin Shephard

This information is provided by RNS

The company news service from the London Stock Exchange

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