Ace Liberty & Stone PLC Issue of Ordinary Shares (7888X)

TIDMALSP

RNS Number : 7888X

Ace Liberty & Stone PLC

28 April 2023

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 a total of 58,100 ordinary shares of 25p each (the "Ordinary Shares").

28,500 Ordinary Shares have been issued at a price of 52.5p to employees and 12,000 Ordinary Shares have been issued at a price of 57.5p to Keith Pankhurst, Non-Executive Director. The Ordinary Shares have been issued to the employees and Keith Pankhurst, respectively, in lieu of reimbursement for expenses incurred in the course of their respective employments.

Additionally, 7,600 Ordinary Shares have been issued at a price of 52.5p and 10,000 Ordinary Shares at a price of 60p in settlement of professional fees.

Application will be made for the listing of the new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AQSE Growth Market ("Admission"). Dealings are expected to commence on or about 9 May 2023 and the issue is subject only to Admission.

Following these allotments, the total number of issued Ordinary Shares in the Company is 71,226,962.

The above figure of 71,226,962 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, 
  AQSE Exchange Corporate Adviser 
 Nick Michaels                          Tel: +44 (0) 20 7309 2203 
                                              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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April 28, 2023 02:00 ET (06:00 GMT)

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