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DJ Ace Liberty & Stone PLC Issue of Equity

TIDMALSP

RNS Number : 7342U

Ace Liberty & Stone PLC

16 July 2018

 
   16 July 2018 
 

Ace Liberty and Stone Plc

("Ace" or "the Company")

Issue of ordinary shares

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 105,000 shares to director Dr Tony Ghorayeb.

55,000 shares were issued in connection with the conversion of GBP50,000 of convertible loan notes and GBP5,000 of interest thereon. All 55,000 shares were issued at GBP1 per share.

50,000 shares were issued at 80 pence per share in respect of the exercise of warrants which had been issued to Dr Tony Ghorayeb following the purchase of the convertible loan notes.

Dr Tony Ghorayeb, after this issue of shares, has an interest in 501,199 shares of the company, representing 1.24% of the total issue share capital.

Following these allotments, the total number of issued shares and the total number of voting rights in the Company is therefore 40,544,298.

The total issued share capital is GBP10,136,074.50.

The above figure of 40,544,298 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 
 ACF Equity Research Limited 
 Christopher Nicholson                      Tel: +44 (0)207 558 8974 
                                       http://acfequityresearch.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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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(END) Dow Jones Newswires

July 16, 2018 05:06 ET (09:06 GMT)