Ace Liberty & Stone - Issue of Shares
RNS Number : 8712R
Ace Liberty & Stone PLC
01 July 2015
 

 

 

 

Press Release

1 July 2015

 

Ace Liberty & Stone Plc

 

('' Ace'' or the ''Company'')

 

Issue of Shares

Ace Liberty & Stone Plc (ISDX: ASLP), the specialist real estate company, capitalising on commercial property investment opportunities across the UK, today announces that it has issued 21,026,000 ordinary shares at 2.75p per share for a total consideration of £578,215.

 

In addition, the Company has granted a total of 44 million options, at 2.475p, exercisable by 20 April 2022, to the following directors and officers of the Group companies:


 

Ismail Ghandour                    18 million shares

Ivan Minter                              6 million shares

Mark Thomas                         5 million shares

Keith Pankhurst                      3 million shares

Dr T Ghorayeb                       3 million shares

Kayssar Ghorayeb                 3 million shares

Hikmat El-Rousstom              5 million shares

Jackie Lyen                            1 million shares

 

These options, added to the 58 million awarded in 2013, represents 15.7% of the enlarged share capital.

 

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Board also announces that at 30 June 2015 the Company has 546,678,248 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 546,678,248.

 

The total issued share capital is £5,466,782.

 

The above figure of 546,678,248 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


Jon Isaacs / Nick Michaels

Tel: +44 (0) 20 7251 3762


www.alfredhenry.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 Sheffield, Leeds, Doncaster and Stoke. 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 price increases have started with the smaller properties, and are spreading towards 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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