(''Ace'' or "the Company'')
Issue of Ordinary Shares
275,000 Ordinary Shares were issued in connection with the conversion of
A further 500,000 shares were issued at
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
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
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
The Directors accept responsibility for this announcement.
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For further information, please contact:
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Tel: +44 (0) 20 7201 8340 |
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NEX Exchange Corporate Adviser |
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Tel: +44 (0) 20 3772 0021 |
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Broker |
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Tel: +44 (0)20 3470 0470 |
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Tel: +44 (0) 20 3687 2756 |
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Tel: +44 (0) 20 7558 8974 |
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Notes to Editors
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