Palace Capital plc ("Palace Capital")
1 August 2011
Suspension of trading on AIM
As announced on 27 July 2011 within the Company's final results for the year ended 31 January 2011, Palace Capital has been continuing to review potential investment and acquisition opportunities available to it, none of which have yet come to fruition.
In accordance with AIM Rule 40, the Company was obligated to implement its Investing Policy by 30 July 2011 and if it had not done so by this time the Company's Ordinary Shares would be suspended from trading on AIM.
As the Company has not made an acquisition that constitutes a reverse takeover under AIM Rule 14 nor has it otherwise implemented its Investing Policy, the Company's Ordinary Shares will be suspended from trading on AIM with effect from 7.30a.m. on 1 August 2011 in accordance with AIM Rule 40.
The Board continue to review potential opportunities available to them and will announce any developments to Shareholders as soon as possible.
Palace Capital plc
Neil Sinclair, Managing Director
Tel: +44 (0)20 7722 7603
Fairfax I.S. PLC
Katy Birkin/Ewan Leggat
Tel: +44 (0)20 7598 5368
Lehmann Communications plc
Tel: +44 (0) 20 7266 3020