Palace Capital (GB:PCA) has released an update.
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Palace Capital PLC has reported significant property disposals, including sales above valuation, and a robust cash position ahead of its AGM, with over £43 million returned to shareholders since July 2022. The company has completed and exchanged on several property sales, resulting in a net cash position, and plans for a potential second tender offer later in the year. With this financial strategy, Palace Capital continues to strengthen its capital return and disposal program.
For further insights into GB:PCA stock, check out TipRanks’ Stock Analysis page.