Palace Capital appoints Mark Davies to its Board as Senior Independent Director

– UK, London –  Palace Capital (LON: PCA), the Main Market property investment company that owns a diversified portfolio of UK commercial real estate in carefully selected locations outside of London, today announced the appointment of Mark Davies to its Board as the Senior Independent Director, effective immediately.

“Mark’s track record, experience and knowledge of property and capital markets will be invaluable in enabling the Board to execute the Company’s strategy of maximising cash returns to shareholders. The Board is looking forward to working with Mark in delivering this goal.” said Interim Executive Chairman, Steven Owen.

Mark Davies will chair both the Audit Committee and Remuneration Committee.

About Mark Davies

A highly experienced FTSE250 executive, Mark Davies has extensive experience in Chairman, CEO, and CFO roles in listed companies and private equity. He was a Co-founder and Director of New River REIT plc and helped take the Company from IPO to the FTSE250 in seven years. He was CFO of New River for over twelve years and, working alongside his role as CFO, was also CEO/Chairman of Hawthorn Leisure Limited for five years. Mark stood down from the Board of New River following the announcement of the sale of Hawthorn in July 2021 but remained as CEO of Hawthorn until its successful sale to Admiral Taverns in August 2021.

Mark Davies said: “I’m delighted to have joined the Board of Palace Capital as a Non-Executive Director. I’ve followed the Company since its inception and I’m looking forward to working alongside Steven and the Management Team to deliver Shareholder Value.”

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