Ace Liberty & Stone - Issue of Equity
RNS Number : 3375B
Ace Liberty & Stone PLC
30 January 2020
 

ACE LIBERTY AND STONE PLC

 

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

 

Director's Dealings and Issue of Ordinary Shares

 

Ace Liberty and Stone Plc (NEX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, today announces that the Company has issued 6,990,833 Ordinary Shares.

 

6,983,333 share options have been exercised by directors and employees and immediately sold to Libank SAL for 100 pence per share.

 

Of this the following were exercised by directors of the company.

 

Share option holder

Average exercise price per share (pence)

Sales price per share (pence)

Number of

shares issued

Dr Tony Ghorayeb - Director

68.17

100.00

740,000

Ismail Ghandour - Director

63.41

100.00

 2,420,000

Ivan Minter - Director

64.82

100.00

 1,090,000

Kayssar Ghorayeb - Director

66.75

100.00

 540,000

Mark Thomas - Director

64.50

100.00

 1,013,333

Keith Pankhurst - Director

63.41

100.00

 330,000

Hikmat El-Rousstom - Director

68.89

100.00

650,000

Employee

59.18

100.00

 200,000

 

No share options remain unexercised.

 

As a result of the above transaction Libank SAL, together with its subsidiary Peterhouse Corporate Finance Limited, own 11,774,304 Ordinary Shares representing 21.8% of the entire issued share capital. The shareholdings of the directors have not changed after the simultaneous sale of the shares issued as a result of the exercise of the share options.

 

Additionally, 7,500 Ordinary Shares were issued at 120 pence per share in connection with professional fees.

 

Following these allotments, the total number of issued shares and the total number of voting rights in the Company is 54,045,201. The total issued share capital is now £13,511,300.

 

The above figure of 54,045,201 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.

 

The Directors accept responsibility for this announcement.

 

 

- 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,

NEX Exchange Corporate Adviser


Jon Isaacs / Nick Michaels

Tel: +44 (0) 20 3772 0021


www.alfredhenry.com



SP Angel Corporate Finance LLP

Broker


Abigail Wayne / Rob Rees

Tel: +44 (0)20 3470 0470

www.spangel.co.uk 



Belvedere Communications


John West

Tel: +44 (0) 20 3687 2756

Kim van Beeck






ACF Equity Research


Christopher Nicholson / Amalia Barnoschi

Tel: +44 (0) 20 7558 8974


www.acfequityresearch.com

 

 

 

Notes to Editors

 

Ace Liberty & Stone Plc is a property investment company with a diverse portfolio of properties located across the UK, currently including Leeds, Sunderland, Plymouth, Dudley, Gateshead, Barnstaple, 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.

 

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

 

 

 


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