DJ Ace Liberty & Stone PLC Dividend Declaration
RNS Number : 7766T
Ace Liberty & Stone PLC
06 July 2018
6 July 2018
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 1.25 pence per share, which equates to a total payment of approximately GBP 500,000. The dividend will be paid on or around 26 July 2018 to shareholders who were registered on 13 July 2018. The ex-dividend date is 12 July 2018.
Ismail Ghandour, Chief Executive of the Company commented: "This is the fifth consecutive year Ace has paid a dividend to shareholders rewarding them for their support. The dividend is 1.25p per share this year, an increase of 25% over last year's dividend, reflecting the Company's growth."
The Directors accept responsibility for this announcement.
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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
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
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(END) Dow Jones Newswires
July 06, 2018 02:00 ET (06:00 GMT)