Ace Liberty & Stone - Appointment of Non-Executive Director
RNS Number : 8512X
Ace Liberty & Stone PLC
25 November 2014
 



 

 

 

Press Release

25 November 2014

 

Ace Liberty and Stone Plc

 

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

 

Appointment of Non-Executive Director

                                      

The Directors of Ace Liberty & Stone Plc are pleased to announce that the Company has appointed Hikmat El-Rousstom as Non-Executive Director with immediate effect.

 

Mr El Rousstom has a Bachelors and Master's degree in Civil Engineering from the Universities of Ottawa, Canada and AUB Beirut respectively. He went on to work as a civil engineer at Dar Al-Handasah in Beirut before becoming deputy general manager of Soil & Foundation Co., Ltd and later Geotechnical & Environmental Co. Ltd. Hikmat is now the general manager at Specialised Italian Foundation Co. Ltd.

 

Mr El-Rousstom has held the following directorships during the past five years:

 

PRESENT

PREVIOUS

Soil & Oil Foundation Limited *

None

Geotechnical & Environmental Co Limited *


Specialised Italian Foundation Co Limited *


 

* Companies are resident in the Kingdom of Saudi Arabia

 

Mr El-Rousstom holds 8,433,000 Ordinary shares in the Company, representing approximately 2% of the entire share capital.

 

There are no other matters which are required to be announced pursuant to Paragraph 21 of Appendix 1 of the ISDX Growth Markets "Rules for Issuers".

 

The Directors of the Issuer accept responsibility for the contents of this announcement.

 

- Ends -

 

 For further information, please contact:

Ace Liberty and Stone Plc


Ivan Minter, Finance Director

Tel: +44 (0)  20 7201 8340


http://acelibertyandstone.com

Alfred Henry Corporate Finance Ltd


John Isaacs / Nick Michaels

Tel: +44 (0) 20 3328 5657


www.alfredhenry.com

Media enquiries:

Abchurch


Quincy Allan / Canace Wong

Tel: +44 (0) 20 7398 7720

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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