Ace Liberty & Stone PLC Completion of Open Offer (8553J)

TIDMALSP

RNS Number : 8553J

Ace Liberty & Stone PLC

15 December 2022

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS INSIDE INFORMATION FOR

THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS RESTRICTED AND IT

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Ace Liberty & Stone plc

("Ace" or "the Company")

Completion of Open Offer

Ace Liberty & Stone Plc (AQSE: ALSP), the active property investment company capitalising on commercial property investment opportunities across the UK, is pleased to announce the completion of the Open Offer.

As announced on the 2(nd) December 2022, Ace received valid acceptances of 12,298,612 Open Offer shares from qualifying shareholders, representing gross proceeds of GBP3,074,653.

Following the allotment of the Open Offer shares, the total number of shares in issue is 71,168,862.

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, 
  AQSE Growth Market Corporate Adviser 
 Nick Michaels                               Tel: +44 (0) 20 3772 0021 
                                                   www.alfredhenry.com 
 
 
 SP Angel Corporate Finance LLP 
  Broker 
 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

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December 15, 2022 05:34 ET (10:34 GMT)

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