ACE LIBERTY AND STONE PLC
(''Ace'' or "the Company'')
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 891,000 Ordinary Shares.
180,000 Ordinary Shares were issued in connection with the conversion of £180,000 of convertible loan notes and a further 50,000 Ordinary shares were issued in connection with £50,000 of interest on convertible loans notes.
A further 650,000 shares were issued at 80 pence per share in respect of the exercise of warrants which had been issued following the purchase of convertible loan notes.
Additionally, 11,000 Ordinary Shares were issued at 100 pence per share in connection with professional fees.
Included within these allotments were issues to major shareholders as follows:-
· 531,000 Ordinary Shares allotted to Dinama Holdings Limited, which now owns 3,751,378 Ordinary Shares representing 8.11% of the entire issued share capital; and
· 250,000 issued to the family trust of Ismail Ghandour, who now has an interest in 2,609,047 ordinary shares representing 5.64% of the entire issued share capital.
Following these allotments, £1,995,000 of convertible loan notes and 1,855,450 warrants remain outstanding.
Following these allotments, the total number of issued shares and the total number of voting rights in the Company is 46,279,368. The total issued share capital is now £11,569,842.
The above figure of 46,279,368 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.
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For further information, please contact:
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Ace Liberty & Stone Plc
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Ivan Minter, Financial Director
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Tel: +44 (0) 20 7201 8340
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http://acelibertyandstone.com
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Alfred Henry Corporate Finance Ltd,
NEX Exchange Corporate Adviser
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Jon Isaacs / Nick Michaels
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Tel: +44 (0) 20 3772 0021
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www.alfredhenry.com
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SP Angel Corporate Finance LLP
Broker
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Abigail Wayne / Rob Rees
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Tel: +44 (0)20 3470 0470
www.spangel.co.uk
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Belvedere Communications
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John West
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Tel: +44 (0) 20 3687 2756
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Kim van Beeck
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ACF Equity Research
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Christopher Nicholson / Amalia Barnoschi
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Tel: +44 (0) 20 7558 8974
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www.acfequityresearch.com
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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