Palace Capital Plc (LSE:PCA) announces a share repurchase program. Under the offer, the company will repurchase up to 8,667,760 shares, for a total of £21.67 million. The shares will be repurchased at a price of £2.5 per share.

The repurchased shares will be cancelled by the company. The offer is subject to shareholder approval to be obtained at the General Meeting to be held on July 9, 2024. The company has fixed July 9, 2024, as the record date for the offer.

The offer will expire on July 9, 2024.