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Ace Liberty & Stone (ALSP)

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Wednesday 28 November, 2018

Ace Liberty & Stone

Issue of Equity

RNS Number : 6306I
Ace Liberty & Stone PLC
28 November 2018
 

 

Ace Liberty and Stone Plc

 

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

 

Issue of ordinary shares

   

Ace Liberty and Stone Plc (NEX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, today announces that the Company has issued 147,070 shares.

 

All 147,070 shares were issued at £1 per share in connection with the conversion of £133,700 of convertible loan notes and £13,370 of interest thereon.

 

£4,435,000 of convertible loan notes remain outstanding.

 

Following these allotments, the total number of issued shares and the total number of voting rights in the Company is 41,343,368.

 

The total issued share capital is £10,335,842.

 

The above figure of 41,343,368 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 Financial Conduct Authority's Disclosure and Transparency Rules.

 

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, NEX Exchange Corporate Adviser


Jon Isaacs / Nick Michaels

Tel: +44 (0) 20 3772 0021


www.alfredhenry.com



Belvedere Communications

Tel: +44 (0) 20 3687 2756

John West


Kim van Beeck


 

 

Notes to Editors

 

Ace Liberty & Stone Plc is a property investment company with a diverse portfolio of properties located across the UK, currently including Leeds, Sunderland, Plymouth, Dudley, Gateshead and Barnstaple. The Company locates commercial and residential 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 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 [email protected] or visit www.rns.com.
 
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