Ace Liberty & Stone PLC Issue of Equity (8736A)
27 Septembre 2022 - 2:27PM
UK Regulatory
TIDMALSP
RNS Number : 8736A
Ace Liberty & Stone PLC
27 September 2022
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 GBP325,000 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 GBP14,717,563.
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 GBP50,000. This was due to mature on 31 December
2019 but was rolled over on the existing terms.
The Directors accept responsibility for this announcement.
- 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
Jon Isaacs / 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,
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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END
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September 27, 2022 08:27 ET (12:27 GMT)
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