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DJ Ace Liberty & Stone PLC Issue of Equity

TIDMALSP

RNS Number : 6739G

Ace Liberty & Stone PLC

31 May 2017

 
   31 May 2017 
 

Ace Liberty and Stone Plc

("Ace" or "the Company")

Issue of ordinary shares and total voting rights

Ace Liberty and Stone Plc (NEX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, today announces that the Company has issued 86,000 shares at 75p per share.

Included within the above issue of shares are 80,000 shares issued to Bijan Daneshmand, a current shareholder. Mr Daneshmand now owns 2,031,765 shares in total, representing 5.16% of the enlarged share capital.

The total number of issued shares and the total number of voting rights in the Company is therefore 39,372,070.

The total issued share capital is GBP9,843,018.

The above figure of 39,372,070 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial

Conduct Authority's Disclosure and Transparency Rules.

- Ends -

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                                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

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May 31, 2017 04:11 ET (08:11 GMT)