16 November 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 2,000,000 shares at 2.75p to Dr Abdel-Karim El-Rousstom, taking his holding to 105,421,157 shares (18.72%).
The Company has also issued 2,909,910 shares at 2.75p to Hikmat El-Rousstom, a Director of the Company, taking his holding to 11,342,910 shares (2.01%).
The Company now has 563,179,067 total shares in issue.
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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/