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DJ Ace Liberty & Stone PLC Issue of Equity


RNS Number : 7441Y

Ace Liberty & Stone PLC

03 January 2020


("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 775,000 Ordinary Shares.

275,000 Ordinary Shares were issued in connection with the conversion of GBP250,000 of convertible loan notes and interest thereon, all at 100 pence per share.

A further 500,000 shares were issued at 95 pence per share in respect of the exercise of warrants. The warrants were issued in connection with the arrangement of a loan.

All of the 775,000 shares issued were issued to Libank SAL who now own 5,025,989 Ordinary Shares representing 10.7% of the entire issued share capital.

Following these allotments, and the earlier settlement of GBP320,000 of convertible loan notes offset against the exercise of warrants for the same amount, GBP1,425,000 of convertible loan notes remain outstanding.

1,855,450 warrants, issued in connection with the convertible loan notes, and a further 1,100,000 warrants, issued in connection with the arrangement of a loan, remain outstanding.

Following these allotments, the total number of issued shares and the total number of voting rights in the Company is 47,054,368. The total issued share capital is now GBP11,763,592.

The above figure of 47,054,368 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 
 Alfred Henry Corporate Finance Ltd, 
  NEX Exchange Corporate Adviser 
 Jon Isaacs / Nick Michaels                     Tel: +44 (0) 20 3772 0021 
 SP Angel Corporate Finance LLP 
 Abigail Wayne / Rob Rees                        Tel: +44 (0)20 3470 0470 
 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 

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

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 or visit



(END) Dow Jones Newswires

January 03, 2020 10:12 ET (15:12 GMT)