DJ Ace Liberty & Stone PLC Dividend Declaration
RNS Number : 0731W
Ace Liberty & Stone PLC
15 April 2019
ACE LIBERTY AND STONE PLC
("Ace" or "the Company")
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 a second interim dividend for the year ending 30 April 2019 of 0.83p per ordinary share.
The dividend will be paid on or around 2 May 2019 to all shareholders on the register as at 19 April 2019. Ex-dividend date is 18 April 2019
This is the second interim dividend for the year ending 30 April 2019. Ace's dividend payment policy, subject only to adequate profitability and cash flow is to make three payments for each year ending 30(th) April at the end of October each year, the end of April or beginning of May and the end of July.
Ismail Ghandour, Chief Executive Officer, commented:
"At Ace we have always had a policy of rewarding our shareholders for their support and as the business continues to thrive we are pleased to be announcing a second interim dividend. We are one of the few NEX-listed companies who has a stable dividend policy and we are proud to continue to reward our shareholders on a regular basis.
"We strongly believe that as our strategy continues to create value for the Company, our shareholders should also share in our success."
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The Directors accept responsibility for this announcement.
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 SP Angel Corporate Finance LLP Broker Abigail Wayne / Rob Rees Tel: +44 (0)20 3470 0470 www.spangel.co.uk Belvedere Communications John West Tel: +44 (0) 20 3687 2756 Kim van Beeck ACF Equity Research Christopher Nicholson / Amalia Barnoschi Tel: +44 (0) 20 7558 8974 www.acfequityresearch.com
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, 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
April 15, 2019 02:00 ET (06:00 GMT)