Business
Heads of Terms Signed
Ace Liberty and Stone PLC has signed non-binding Heads of Terms for a potential acquisition of certain subsidiaries and properties. The proposed purchase price is £28 million, which represents a premium to the aggregate investment property valuation as of April 30, 2025. An existing unsecured convertible loan note holder is the buyer, and the outstanding loan note is intended for part payment. The transaction is contingent upon satisfactory due diligence and required regulatory approvals. However, there is no certainty that the Proposed Transaction will proceed. Disclaimer*
About this update from Ace Liberty & Stone Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain. \n \nACE LIBERTY AND STONE PLC\n(''Ace'' or \"the Company'')\n \nHeads of Terms Signed\n \nAce Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, announces that the Company has signed non-binding Heads of Terms with an existing unsecured convertible loan note holder (\"Buyer\"), regarding the potential acquisition of a combination of certain subsidiaries and properties for a proposed purchase price of £28m (\"Proposed Transaction\"). The outstanding unsecured convertible loan note is intended to be used as part payment of the purchase price. The proposed purchase price represents a premium to the aggregate investment property valuation as at 30 April 2025.\n \nThe Proposed Transaction is subject, inter alia, to due diligence satisfactory to the Buyer and receipt of any required third party regulatory or tax consents or approvals.\n \nThere can be no certainty that the Proposed Transaction will proceed. The Company will provide further updates as appropriate.\n \nThe Directors accept responsibility for this announcement.\n \n- ends -\n \n \nFor further information, please contact:\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAce Liberty & Stone Plc\n\n\n\n\n\n\n\nLaura Yates, Finance Director\n\n\nTel: +44 (0) 20 7201 8340\n\n\n\n\n\n\n\nwww.acelibertyandstone.com\n\n\n\n\n \n\n\n\n\n\n\n\nAlfred Henry Corporate Finance Ltd,\nAQSE Exchange Corporate Adviser\n\n\n \nTel: +44 20 8064 4056 \n\n\n\n\nNick Michaels/Maya Klen Wassink\n\n\nwww.alfredhenry.com\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nNotes to Editors\n \nAce Liberty & Stone Plc is a property investment company with a diverse portfolio of properties located across the UK, predominantly in the midlands and nort...