**Summary**
Palace Capital PLC announced a proposed tender offer to return capital to shareholders by purchasing up to 8,667,761 ordinary shares at 240 pence per share, totaling approximately £20.8 million. This represents a 9.6% premium to the share price as of July 29, 2025, and a 4.4% discount to the EPRA NAV as of March 31, 2025. Qualifying shareholders can tender up to 30% of their holdings (3 shares for every 10 held), with a guaranteed entitlement for this portion. The offer is conditional on shareholder approval at a general meeting on August 26, 2025, and other specified conditions. The tender offer is part of the companys strategy to return cash to shareholders, with over £43 million returned since July 2022. The company is debt-free and has a strong cash position, with plans to continue asset disposals and focus on remaining properties. The tender offer provides flexibility for shareholders to reduce holdings at a premium while allowing those who wish to retain their investment to do so. Full details are available in the circular, and shareholders are advised to consult their financial advisors before participating.