Skip to content

Ace Liberty & Stone - Directorate Change


Announcement provided by

Ace Liberty & Stone plc · ALSP

13/02/2023 08:06

Ace Liberty & Stone - Directorate Change
RNS Number : 7068P
Ace Liberty & Stone PLC
13 February 2023
 

ACE LIBERTY AND STONE PLC

 

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

 

Resignation of Director

 

Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, today announces that after 8 years of service at Ace Liberty and Stone Plc, Hikmat El Rousstom has decided to step down as a non-executive director. The board would like to extend its appreciation to Hikmat for his distinguished contribution to the Company over his 8 years of service and wish him every success in his future endeavours.

 

The Directors remain of the view that the present turbulent market conditions will present opportunities. With a strong balance sheet and experienced management team, Ace is well positioned to act quickly and decisively to maximise the benefit to the Company.

 

The Directors accept responsibility for this announcement.

 

 

- ends -

 

 

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,

AQSE Exchange Corporate Adviser


Nick Michaels

Tel: +44 (0) 20 3772 0021


www.alfredhenry.com



SP Angel Corporate Finance LLP

Broker


Vadim Alexandre / Rob Rees

Tel: +44 (0)20 3470 0470

www.spangel.co.uk 

 

Notes to Editors

 

Ace Liberty & Stone Plc is a property investment company with a diverse portfolio of properties located across the UK, predominantly in the midlands and north of England, which are now the focus of Government incentives. The Company locates commercial properties which have creditworthy tenants, several years' rental income and 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 to deploy its strong balance sheet and is 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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NEXGPUQUPUPWURW ]]>

View more ...

ALSP announcementsAll announcements

Company

  • About
  • News
  • Investor Relations
  • Contact
  • Careers
ISO 27001 Certified

© Aquis Exchange 2024. All rights reserved.

Terms & ConditionsPrivacy PolicyModern Slavery & Human Trafficking Policy
System statusnormal