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DJ Ace Liberty & Stone PLC Issue of Equity

TIDMALSP

RNS Number : 3375B

Ace Liberty & Stone PLC

30 January 2020

ACE LIBERTY AND STONE PLC

("Ace" or "the Company")

Director's Dealings and 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 6,990,833 Ordinary Shares.

6,983,333 share options have been exercised by directors and employees and immediately sold to Libank SAL for 100 pence per share.

Of this the following were exercised by directors of the company.

 
 Share option holder            Average exercise   Sales price        Number of 
                                       price per     per share    shares issued 
                                   share (pence)       (pence) 
 Dr Tony Ghorayeb - Director               68.17        100.00          740,000 
                               -----------------  ------------  --------------- 
 Ismail Ghandour - Director                63.41        100.00        2,420,000 
                               -----------------  ------------  --------------- 
 Ivan Minter - Director                    64.82        100.00        1,090,000 
                               -----------------  ------------  --------------- 
 Kayssar Ghorayeb - Director               66.75        100.00          540,000 
                               -----------------  ------------  --------------- 
 Mark Thomas - Director                    64.50        100.00        1,013,333 
                               -----------------  ------------  --------------- 
 Keith Pankhurst - Director                63.41        100.00          330,000 
                               -----------------  ------------  --------------- 
 Hikmat El-Rousstom - 
  Director                                 68.89        100.00          650,000 
                               -----------------  ------------  --------------- 
 Employee                                  59.18        100.00          200,000 
                               -----------------  ------------  --------------- 
 

No share options remain unexercised.

As a result of the above transaction Libank SAL, together with its subsidiary Peterhouse Corporate Finance Limited, own 11,774,304 Ordinary Shares representing 21.8% of the entire issued share capital. The shareholdings of the directors have not changed after the simultaneous sale of the shares issued as a result of the exercise of the share options.

Additionally, 7,500 Ordinary Shares were issued at 120 pence per share in connection with professional fees.

Following these allotments, the total number of issued shares and the total number of voting rights in the Company is 54,045,201. The total issued share capital is now GBP13,511,300.

The above figure of 54,045,201 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 
 
 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

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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January 30, 2020 02:01 ET (07:01 GMT)