DJ Ace Liberty & Stone PLC Share consolidation and result of general meeting
RNS Number : 1997B
Ace Liberty & Stone PLC
31 March 2017
31 March 2017
Ace Liberty and Stone Plc
("Ace" or "the Company")
Share consolidation and result of general meeting
Ace Liberty and Stone Plc (NEX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, announces that at today's General Meeting all resolutions were approved.
As a result, every 25 Existing Ordinary Shares of the Company's 982,151,750 ordinary shares of GBP0.01 each ("Existing Ordinary Shares") in issue have consolidated into 1 new ordinary share of GBP0.25 (a "New Ordinary Share") each. The issued Ordinary Share capital of the Company now consists of 39,286,070 new Ordinary Shares of 25p each.
The New Ordinary Shares will carry equivalent rights under the Company's articles of association to the Existing Ordinary Shares.
It is expected that admission will become effective and that dealings in the New Ordinary Shares on the NEX Exchange Growth Market will commence on 3 April 2017.
New share certificates are expected to be issued by 24 April 2017. Shareholders who hold their Existing Ordinary Shares in uncertificated form are expected to have their CREST accounts credited with the New Ordinary Shares on 3 April 17.
The ISIN Number for the New Ordinary Shares will be GB00BF01VL55.
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For further information, please contact:
Ace Liberty & Stone Plc Ivan Minter, Financial Director Tel: +44 (0) 20 7201 8340 http://acelibertyandstone.com Alfred Henry Corporate Finance Ltd, NEX Exchange Corporate Adviser Jon Isaacs / Nick Michaels Tel: +44 (0) 20 7251 3762 www.alfredhenry.com Hybridan LLP, Corporate Broker Claire Noyce / Darshan Patel Tel: +44 (0)203 764 2341 www.hybridan.com
Notes to Editors
Ace Liberty & Stone Plc is a London-based property investment company with a diverse portfolio of properties located across the UK, currently including Leeds, Sunderland, Plymouth, Dudley, Gateshead Tyne and Wear, and London. The Company locates commercial and residential properties which have the potential for an increase in value through creative asset management activity, such as change of tenancy, change of use or new lease negotiation. Ace has maintained a track record of generating strong profits at disposal of properties and achieving better-than average returns on capital. With strong support from shareholders and mortgage lenders, the Company is currently seeking further investment opportunities in the UK to create value for existing and new investors.
Ace is run by a board with extensive property experience, an excellent network of contacts and relevant professional qualifications. This sector expertise has allowed the Board to identify opportunities and act promptly to secure investments.
For more information on the Company please visit www.acelibertyandstone.com
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
March 31, 2017 08:13 ET (12:13 GMT)