Palace Capital Share Price (PCA)

RNS Number : 6232P Palace Capital PLC 05 October 2011  Palace Capital plc Completion of Acquisition 5 October 2011 The Board of Palace Capital plc (AIM: PCA) is pleased to announce that, further to the passing of all resolutions proposed at the General Meeting on 3 October 2011, all of the conditions for completion of the Acquisition Agreement have been met and the Acquisition of Hockenhull Estates Limited has now completed. All definitions in this announcement have the same meaning as those set out in the Admission Document unless stated otherwise. Enquiries: Palace Capital Plc Neil Sinclair, Managing Director Tel: +44 (0) 7785 226666 Fairfax I.S. PLC Katy Birkin/Ewan Leggat Tel: +44 (0) 20 7598 5368 Lehmann Communications plc Ronel Lehmann Tel: +44 (0) 20 7266 3020 This information is provided by RNS The company news service from the London Stock Exchange END ACQFSAFDIFFSEFS

Palace Capital rejoins AIM 04/10/2011 Miles Nolan http://www.growthcompany.co.uk/news/1659528/palace-capital-rejoins-aim.thtml Investment vehicle Palace Capital (PCA) has rejoined AIM via a placing that has raised £523,000. Last month Palace declared that it was entering into a reverse takeover of 'Hockenhull Estates' - a collection of commercial premises totaling nine offices and shops in the towns of Crewe and Nantwich in a deal worth £1.8 million. Prior to the deal with Hockenhull Palace's main asset was a 50 per cent stake in Grafton Insurance Services, which it sold to property group Safeland for £90,000. This September the group noted that following the acquisition of Hockenhull the business was looking to pursue 'Additional acquisition opportunities within the UK real estate sector' arguing that 'significant opportunities for growth exist within the UK secondary property market'. Palace is steered by managing director Ronald Sinclair, a doyenne of the property world who founded surveyors Sinclair Goldsmith. Overseeing the action at Palace is Stanley Davis, a North London-based founder of property search specialists Stanley Davis Group. Also on the board is lawyer Anthony Dove, the solitary non-executive director. Major shareholders include fellow North London businessmen Larry Lipman - a director at Safeland and Andrew Perloff - chairman of listed property group Panther Securities. Shares in Palace have fallen 38 per cent today, currently trading at 2.63p, valuing the company at £830,000. Having changed direction to enter the property sector the business is a small and tightly-run group. With little known about the business, and no research available the shares warrant a speculative rating. Tags: AIM minnows, Insurance services, Investment vehicle, Penny shares, Property business Sector: Real Estate

Am I being thick? Does one of the directors hold 10mil of the 7.2mil shares in issue? What am I missing? Did they issue more shares as a result of agm for the acquisition and are these already in circulation? A very quiet board and I expected to see more people taking the chance to cut and run?

Meant to say re listed, bloody iPhone lol

Shares were only delisted today maybe barbs just not updated? Showing fine with Halifax. Gl

Not showing on Barclays, WHY?