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DJ Ace Liberty & Stone PLC Statement re property transaction and share issue

TIDMALSP

RNS Number : 3342Y

Ace Liberty & Stone PLC

05 December 2017

 
   5 December 2017 
 

Ace Liberty and Stone Plc

("Ace" or "the Company")

Property transaction and share issue

The directors of Ace Liberty and Stone Plc (NEX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, are delighted to announce the following property transaction.

The Company has completed the purchase of New Majestic Bingo Hall, Longlands Road, Middlesbrough at a price of GBP4,150,000. The entire property is let to Gala Leisure Limited at an annual rent of GBP313,000.

The Company has issued 10,800 shares at GBP1 in settlement of an invoice from a supplier.

As a result, the total number of voting rights in the Company is therefore 40,084,625.

The total issued share capital is GBP10,021,156.

The above figure of 40,084,625 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.

The Directors accept responsibility for this announcement.

- 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, Barnstaple, 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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(END) Dow Jones Newswires

December 05, 2017 02:01 ET (07:01 GMT)