19 February 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 19,000,000 shares at 2.75p per share and 635,715 shares at 3.5p for a total consideration of £544,750.
Of the 19,000,000 shares issued at 2.75p Mr Hassan Ezzeldine has purchased 18,181,818 shares for a total consideration of £500,000 and he now currently holds 3.7% of the enlarged share capital. Mr Ezzeldine did not hold any shares in Ace prior to the purchase.
An additional 635,715 shares have been issued to Levant Investment Bank (LiBank) s.a.l. at a price of 3.5p for a total consideration of £22,250 and it now currently holds 22,029,953 shares representing 4.48% of the enlarged share capital.
The Company now has 491,301,609 Ordinary 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 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/