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(''Ace'' or "the Company'')
Issue of ordinary shares and grant of options
Of the above figure 104,500 shares were issued in connection with the conversion of
A further 56,250 shares were issued at
Finally, a further 24,346 shares have been issued at between 100p and 107p per shares to several individuals in payment for services rendered. These allotments include the issue of 5,000 shares issued to
Following these allotments the total number of issued shares and the total number of voting rights in the Company is therefore 40,439,298.
The total issued share capital is
The above figure of 40,439,298 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
The Company also announces that the remuneration committee have approved the grant of further 2,890,000 share options to the board at an exercise price of
The options are not conditional on the employee's performance and there is no service condition attached to the awards. They are exercisable immediately.
These options are in addition to the existing outstanding 4,053,000 share options which have a weighted average exercise price of
- Ends -
For further information, please contact:
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Tel: +44 (0) 20 7201 8340 |
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Tel: +44 (0) 20 7251 3762 |
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Tel: +44 (0)203 764 2341 |
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Notes to Editors
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
This information is provided by RNS, the news service of the