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 23,400 Ordinary Shares of 25p.
The shares were issued at 100p in settlement of Convertible Loan Note ("CLN") interest following repayment of £325,000 of convertible loan notes.
Following these allotments, the total number of issued shares and the total number of voting rights in the Company is 58,870,250. The total issued share capital is now £14,717,563.
The above figure of 58,870,250 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.
Following the CLN conversion, the outstanding balance of the original issue is £50,000. This was due to mature on 31 December 2019 but was rolled over on the existing terms.
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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| Ivan Minter, Financial Director |
Tel: +44 (0) 20 7201 8340 |
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http://acelibertyandstone.com |
| Alfred Henry Corporate Finance Ltd, AQSE Growth Market Corporate Adviser |
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| Jon Isaacs / 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, 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 www.acelibertyandstone.com
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