Palace Capital Completes Share Buyback and Updates Voting Rights

Palace Capital ( (GB:PCA) ) has provided an update.

Palace Capital has completed a share buyback transaction, purchasing 300,000 ordinary shares at a volume-weighted average price of 169.75 pence per share through Cavendish Capital Markets, with the shares to be held in treasury and then cancelled. Following this transaction, the company now has 20,224,775 shares in issue, of which 700,000 are held in treasury, resulting in total voting rights of 19,524,775 that investors must use for regulatory disclosure calculations, with the existing buyback authority confirmed to run until October 2026 or the next AGM.

Spark’s Take on PCA Stock

According to Spark, TipRanks’ AI Analyst, PCA is a Neutral.

The score is primarily supported by improved financial stability (debt eliminated) and strong recent cash generation, plus shareholder-return-focused corporate actions. Offsetting factors include multi-year revenue decline and volatility in results, with only modest technical momentum and a valuation that is helped by the yield but limited by a mid-to-high P/E.

To see Spark’s full report on PCA stock, click here.

More about Palace Capital

Palace Capital plc is a UK-listed company that manages and invests in ordinary share capital, with its stock traded on the London market. The company engages in capital management activities including share buybacks, adjusting its treasury share holdings and total voting rights to optimise its capital structure for shareholders.

Average Trading Volume: 49,269

Technical Sentiment Signal: Sell

Current Market Cap: £33.4M

See more insights into PCA stock on TipRanks’ Stock Analysis page.