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DJ Ace Liberty & Stone PLC Issue of Equity

TIDMALSP

RNS Number : 6306I

Ace Liberty & Stone PLC

28 November 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 147,070 shares.

All 147,070 shares were issued at GBP1 per share in connection with the conversion of GBP133,700 of convertible loan notes and GBP13,370 of interest thereon.

GBP4,435,000 of convertible loan notes remain outstanding.

Following these allotments, the total number of issued shares and the total number of voting rights in the Company is 41,343,368.

The total issued share capital is GBP10,335,842.

The above figure of 41,343,368 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 3772 0021 
                                      ------------------------------ 
                                                 www.alfredhenry.com 
                                      ------------------------------ 
 
 Belvedere Communications                  Tel: +44 (0) 20 3687 2756 
                                      ------------------------------ 
 John West 
                                      ------------------------------ 
 Kim van Beeck 
                                      ------------------------------ 
 

Notes to Editors

Ace Liberty & Stone Plc is a property investment company with a diverse portfolio of properties located across the UK, currently including Leeds, Sunderland, Plymouth, Dudley, Gateshead and Barnstaple. 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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November 28, 2018 02:01 ET (07:01 GMT)