PALACE CAPITAL PLC

Share Issue/Capital Change • Jun 15, 2016

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 3121B

Palace Capital PLC

15 June 2016

Palace Capital plc

("Palace Capital" or the "Company")

Exercise of Warrants

Palace Capital announces that it has received notice from Allenby Capital Limited that it has exercised  warrants to acquire 19,050 new ordinary shares  in the Company, thereby generating cash proceeds of £38,100 for the Company.

Following the exercise of the warrants, the Company has no further warrants outstanding.

Admission to Trading & Total Voting Rights

Pursuant to the above exercise, 19,050 new ordinary shares of 10 pence each in the Company (the "New Ordinary Shares") have been issued and allotted and application has been made for their admission to trading on AIM. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares. It is expected that admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 20 June 2016.

Following admission of the New Ordinary Shares, the Company's issued share capital will consist of 25,800,279 ordinary shares with voting rights. Palace Capital does not hold any ordinary shares in treasury. The aforementioned figure of 25,800,279 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

-ends-

Date: 15 June 2016

For further information contact:

Palace Capital plc

Neil Sinclair, Chief Executive

Stephen Silvester, Finance Director

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)207 614 5917

Capital Access Group (Financial PR)

Simon Courtenay

Tel. +44 (0)20 3763 3400

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEGGUBWQUPQGCA