Ace Liberty & Stone - Dividend Declaration
RNS Number : 0473R
Ace Liberty & Stone PLC
25 October 2019
 

ACE LIBERTY AND STONE PLC

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

 

First Dividend Announcement for FY2019/20

 

 

Ace Liberty and Stone Plc (NEX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, is pleased to announce the first interim dividend for the year ending 30 April 2020 of 0.83p per ordinary share. There are currently 43,200,368 shares in issue and therefore the dividend will total £358,563.

 

The dividend will be paid on or around 22 November 2019 to all shareholders on the register as at 8 November 2019. Ex-dividend date is 7 November 2019. Ace's dividend payment policy, subject only to adequate profitability and cash flow, is to make three payments for each year ending 30 April; at the end of October, the end of April and the end of July.

 

Ismail Ghandour, Chief Executive Officer, commented:

 

"A year ago we announced that the Board had decided to increase the Company's dividend payment frequency in order to benefit shareholders.  We are delighted to enter our second financial year where we intend to make three dividend payments, with the first payment to be made on or around 22 November 2019.  We are one of the few NEX listed businesses with a stable dividend policy and our business continues to flourish and prosper despite the challenging market conditions and uncertain macroeconomic outlook."

 

- ends -

 

The Directors accept responsibility for this announcement.

 

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 / Llew Angus

 

 

Tel: +44 (0) 20 3687 2756

 

www.belvederepr.com

 

 

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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