Ace Liberty & Stone - Issue of ordinary shares and total voting rights
RNS Number : 5682W
Ace Liberty & Stone PLC
28 April 2016
 

 

 

 

Press Release

28 April 2016

 

Ace Liberty and Stone Plc

 

(''Ace'' or "the Company'')

 

Issue of ordinary shares and total voting rights

                                      

Ace Liberty and Stone Plc (ISDX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, today announces that the Company has issued 13,333,333 shares at 3p.

 

The shares were issued to Non-Executive Director, Dr Anthony Ghorayeb, as the final element of the consideration for the purchase of Flat 2 Colebrook Court previously owned by Dr GhorayebDr Ghorayeb now has 31,650,150 shares in total, representing 3.22% of the enlarged share capital.

 

Since  29 February 2016  the  Company  has  issued  a  total  of  13,333,333  ordinary  shares. In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Board also announces that at 28 April 2016 the Company has 982,151,750 ordinary shares of 1p each in issue, each share carrying the right to one vote.

 

The total number of voting rights in the Company is therefore 982,151,750.

 

The total issued share capital is £9,821,518.

 

The  above  figure  of  982,151,750 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

 

Canace Wong

Tel: +44 (0) 20 7398 7720

als@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, Sunderland, Plymouth, Dudley, Gateshead Tyne and Wear, 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.

 

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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