PALACE CAPITAL PLC

Director's Dealing • Jun 24, 2015

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RNS Number : 1122R

Palace Capital PLC

24 June 2015

Palace Capital plc

("Palace Capital" or the "Company")

Director shareholding

Palace Capital, the property investment company that focuses on commercial property outside London, announces that, following the issue of the new ordinary shares in connection with the placing to raise £20.0 million, details of which were announced on 6 August 2015, Stanley Davis now has an interest in 6.07% of the Company's issued share capital.  Mr Davis' shareholding in the Company remains at 1,565,287 ordinary shares and his change in percentage holding is as a result of dilution.

Date: 24th June 2015

For further information contact:

Palace Capital plc

Stanley Davis, Non-executive Chairman

Neil Sinclair, Chief Executive

Tel. +44 (0)20 3301 8331

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Nick Naylor / James Reeve

Tel. +44 (0)20 3328 5656

Arden Partners plc (Joint Broker)

Chris Hardie / Ciaran Walsh

Tel. +44 (0)20 7614 5917

Broker Profile (Financial PR)

Simon Courtenay / Harry Rippon

Tel. +44 (0)20 7448 3244

This information is provided by RNS

The company news service from the London Stock Exchange

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