Palace Capital (GB:PCA) has released an update.
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Palace Capital plc has successfully concluded its Tender Offer, receiving an oversubscription with 26,793,801 Ordinary Shares tendered against the 8,667,760 shares on offer. The accepted shares will be repurchased for £21.7 million and cancelled, reducing the total issued share capital by approximately 23%. Following the completion, the company will have 28,892,535 Ordinary Shares in issue, with corresponding voting rights.
For further insights into GB:PCA stock, check out TipRanks’ Stock Analysis page.