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DJ Ace Liberty & Stone PLC Dividend Declaration

TIDMALSP

RNS Number : 0697I

Ace Liberty & Stone PLC

15 June 2017

 
   15 June 2017 
 

Ace Liberty and Stone Plc

("Ace" or "the Company")

Interim Dividend Announcement

Ace Liberty and Stone Plc (NEX: ALSP), the active property investment company capitalising on commercial property investment opportunities across the UK, is pleased to announce that it intends to pay an interim dividend of 1.00 pence per share, which equates to a total payment of approximately GBP 393,721. The dividend will be paid on 14 July 2017 to shareholders who were registered on 23 June 2017. The ex-dividend date is 22 June.

Ismail Ghandour, Chief Executive of the Company commented: "This is the fourth consecutive year Ace has paid a dividend to shareholders rewarding them for their support. Over this period the rate has increased from 2.4% to 4.0% reflecting the Company's growth."

- 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

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June 15, 2017 02:01 ET (06:01 GMT)