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Palace Capital ( (GB:PCA) ) has issued an announcement.
Palace Capital PLC has announced the results of its recent Tender Offer, which was oversubscribed with a total of 25,605,752 Ordinary Shares tendered. The company accepted 8,667,760 Ordinary Shares, representing approximately 30% of its current issued ordinary share capital, for a total cash consideration of around £20.8 million. The repurchased shares will be canceled by 2 September 2025, and the total number of voting rights in the company will be 20,224,775.
Spark’s Take on GB:PCA Stock
According to Spark, TipRanks’ AI Analyst, GB:PCA is a Neutral.
Palace Capital contends with financial performance issues, including net losses and cash flow volatility. The company’s strong dividend yield and successful asset disposals create a mixed outlook. Technical indicators suggest caution, although the company’s strategic initiatives provide a positive sentiment boost. The overall score reflects a balance of these factors, with significant risks due to operational and financial uncertainties.
To see Spark’s full report on GB:PCA stock, click here.
More about Palace Capital
Average Trading Volume: 30,589
Technical Sentiment Signal: Buy
Current Market Cap: £63.7M
For an in-depth examination of PCA stock, go to TipRanks’ Overview page.