Ace Liberty & Stone - Issue of ordinary shares and Total voting rights
RNS Number : 7098N
Ace Liberty & Stone PLC
01 February 2016
 

 

 

 

Press Release

1 February 2016

 

Ace Liberty & Stone Plc

 

('' Ace'' or the ''Company'')

 

Issue of ordinary shares and Total voting rights

 

Ace Liberty & Stone Plc (ISDX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, announces that the Company has issued a further 34,458,333 ordinary shares at 3p.

 

Bijan Daneshmand, a current shareholder, has been issued 23,125,000 shares at 3p each for a total consideration of £693,750.  Mr Daneshmand now owns 27,696,200 shares in total, representing 4.48% of the enlarged share capital.

 

Dr Anthony Ghorayeb, an Ace Director and shareholder, has been issued 11,333,333 shares at 3p each for a total consideration of £340,000.  Mr Ghorayeb now owns 13,333,333 shares in total, representing 2.15% of the enlarged share capital.

 

Further to the announcement on 28 January 2016 where 21,181,818 shares were issued to Dinama Holdings Limited ("Dinama") at 2.75p, Dinama has acquired additional 26,363,636 shares in Ace by transfer and now holds 47,545,454 shares in total, representing 7.68% of the enlarged share capital.

 

Since 30 November 2015 the Company has issued a total of 55,640,151 ordinary shares. In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Board also announces that at 1 February 2016 the Company has 618,819,218 ordinary shares of 1p each in issue, each share carrying the right to one vote.

 

The Company does not hold any ordinary shares in treasury.

 

The total number of voting rights in the Company is therefore 618,819,218.

 

The total issued share capital is £6,188,192.

 

The above figure of 618,819,218 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, ISDX Corporate Adviser

 

Jon Isaacs / Nick Michaels

Tel: +44 (0) 20 7251 3762

 

www.alfredhenry.com

Hybridan LLP, Corporate Broker

 

Claire Noyce / Darshan Patel 

Tel: +44 (0)203 764 2341

 

www.hybridan.com

Media enquiries:

Abchurch

 

Quincy Allan / Canace Wong

Tel: +44 (0) 20 7398 7700

quincy.allan@abchurch-group.com

www.abchurch-group.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, Doncaster, Sunderland, Dudley and Gateshead Tyne and Wear. The Company locates commercial 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.

 

The London property market has seen considerable recovery since the 2008 financial crisis. However, in some UK regions smaller properties have begun to appreciate in value, and this trend is starting to appear amongst larger properties.

 

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: http://acelibertyandstone.com/ 

 

 


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