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IN BRIEF: Palace Capital announces share buyback worth GBP11 million

8th Aug 2023 10:46

Palace Capital PLC - London-based investor in commercial real estate - Plans to repurchase a further 4.3 million shares for no more than GBP11 million in total. Says this represents around 10% of its issued share capital. Adds it has purchased 4.5 million shares since July 2022. Numis Securities Ltd, a London-based investment bank, will manage the programme.

Current stock price: 246.00 pence, up 4.7% on Tuesday

12-month change: down 12%

By Sabrina Penty, Alliance News reporter

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