Palace Capital announces Steven Owen to its Board of Directors as Chairman

– UK, London –  Palace Capital plc (LON: PCA) today announced the appointment of Steven Owen as Chairman of its board of directors, effective from 1 January 2022, to succeed Stanley Davis who will stand down as Chairman and from the Board on 31 December 2021.

“I very much look forward to working with the Palace Capital Board and wider team as it continues with its strategic initiatives to generate attractive shareholder returns and close the current share price discount.” said Steven Owen. 

About Steven Owen

Steven is the Non-Executive Chairman of FTSE 250 property investment group Primary Health Properties plc having been appointed Chairman in April 2018. He was appointed to the Board as an Independent Non-Executive Director in January 2014 becoming chairman of the Audit Committee and Senior Independent Director in April 2014. Steven has overseen PHP’s significant corporate activity in the period including its merger with MedicX Fund Limited in 2019 and the internalisation of its management structure in January 2021 with both transactions creating significant shareholder value.

Steven began his earlier career with KPMG before moving into property with Brixton plc where he became Finance Director and subsequently Deputy Chief Executive.

About Palace Capital plc

Palace Capital plc is a UK REIT that has a £273 million diversified portfolio of UK regional commercial property. The Company maintains a disciplined investment strategy focused on towns and cities outside of London that are characterised by thriving local economies and strengthening fundamentals. Within those locations the highly experienced management team select assets that provide opportunities to drive both capital value and long-term rental income through tailored active asset management programmes ultimately delivering attractive shareholder returns.

For more information: https://www.palacecapitalplc.com

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