ACE LIBERTY AND STONE PLC
(''Ace'' or "the Company'')
Issue of Ordinary Shares
Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, today announces that the company has issued 12,000 ordinary shares of 25p each (the "Ordinary Shares").
The Ordinary Shares were issued at an agreed price of 69p in settlement of an invoice for professional fees.
Application will be made for the listing of these Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AQSE Growth Market. Dealings are expected to commence on or around 30th November 2023.
Following this allotment, the total number of issued Ordinary Shares in the Company will be 71,672,736.
The above figure of 71,672,736 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 make a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
The Directors accept responsibility for this announcement.
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For further information, please contact:
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Ace Liberty & Stone Plc |
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Laura Yates, Finance Director |
Tel: +44 (0) 20 7201 8340 |
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http://acelibertyandstone.com |
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Alfred Henry Corporate Finance Ltd, AQSE Exchange Corporate Adviser |
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Nick Michaels |
Tel: +44 (0) 20 3772 0021 |
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SP Angel Corporate Finance LLP Broker |
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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