Skip to content

Ace Liberty & Stone - Acquisition of Ordinary Shares by Ace(EBT)Limited

Announcement provided by

Ace Liberty & Stone plc · ALSP

28/04/2023 09:13

Ace Liberty & Stone - Acquisition of Ordinary Shares by Ace(EBT)Limited
RNS Number : 8656X
Ace Liberty & Stone PLC
28 April 2023



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


Acquisition of Ordinary Shares by Ace (EBT) Limited


Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, today announces that it has completed a related party transaction. One of its majority shareholders, LIBANK S.A.L (Levant Investment Bank) ("LIBANK"), has sold 1 million ordinary shares of 25p per share in the Company at a price of 40p per share to Ace (EBT) Limited ("Ace EBT"), for a total consideration of £400,000.


Ace EBT is the trustee of the Company's employee trust. The acquisition of shares by Ace EBT will allow Ace to further incentivise its employees by giving them a direct stake in the Company and reward good performance.


The Directors of the Company (excluding, for this purpose, Tony Ghorayeb as Director of LIBANK and Director of Ace EBT, Kayssar Ghorayeb as Director of LIBANK and Ivan Minter as Director of Ace EBT), having exercised reasonable care, skill and diligence, believe that the related party transaction is fair and reasonable as far as the shareholders of the Company are concerned.


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

Alfred Henry Corporate Finance Ltd,

AQSE Exchange Corporate Adviser

Nick Michaels

Tel: +44 (0) 20 7309 2203

SP Angel Corporate Finance LLP


Vadim Alexandre / Rob Rees

Tel: +44 (0)20 3470 0470 


Notes to Editors


Ace Liberty & Stone Plc is a property investment company with a diverse portfolio of properties located across the UK, currently including Manchester, Gateshead, Barnstaple, Margate and Northampton. 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.


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




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 or visit

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.

View more ...

ALSP announcementsAll announcements


  • About
  • News
  • Investor Relations
  • Contact
  • Careers

© Aquis Exchange 2024. All rights reserved.

Terms & ConditionsPrivacy PolicyModern Slavery & Human Trafficking Policy
System statusnormal