30 September 2015
Ace Liberty & Stone Plc
('' Ace'' or the ''Company'')
Issue of Shares
Ace Liberty & Stone Plc (ISDX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, today announces that it has issued 9,090,909 ordinary 1p shares at 2.75p each for a total consideration of £250,000. The Company intends to use this raised capital for further property acquisitions.
The Company has issued 11,590,909 ordinary shares at 2.75p since 10 August 2015.
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Board also announces that the Company has 558,269,157 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 558,269,157.
The total issued share capital is £5,582,692.
The above figure of 558,269,157 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.
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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 and Dudley. 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/