Ace Liberty & Stone PLC Replacement: Issue of shares and PDMR holding (7492F)
30 Ottobre 2018 - 3:16PM
UK Regulatory
TIDMALSP
RNS Number : 7492F
Ace Liberty & Stone PLC
30 October 2018
The following amendment has been made to the 'Issue of ordinary
shares and PDMR holding' announcement released on 24 October 2018
at 16.04 under RNS No 0886F.
The sentence "85,000 shares were issued at GBP1 per share for
cash consideration and a further 17,000 shares were issued at 80
pence per share in respect of the exercise of warrants" has been
amended to "102,000 shares were issued at 80 pence per share in
respect of the exercise of warrants".
All other details remain unchanged.
The full amended text is shown below.
Ace Liberty and Stone Plc
("Ace" or "the Company")
Issue of ordinary shares and PDMR holding
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 652,000 shares.
550,000 shares were issued in connection with the conversion of
GBP500,000 of convertible loan notes and GBP50,000 of interest
thereon. All 550,000 shares were issued at GBP1 per share.
102,000 shares were issued at 80 pence per share in respect of
the exercise of warrants which had been issued following the
purchase of the convertible loan notes.
Following these allotments the total number of issued shares and
the total number of voting rights in the Company is 41,196,298.
The total issued share capital is GBP10,299,074.50
The Company also wishes to announce that it was notified on 21
October 2018 that Chief Executive, Ismail Ghandour, bought 10,970
shares at GBP1.10 per share for a total consideration of
GBP12,067.
As a result, Mr Ghandour now has an interest in 2,359,047
Ordinary shares representing 5.7% of the Company's share
capital.
The above figure of 41,196,298 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.
- 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
Notes to Editors
Ace Liberty & Stone Plc is a London-based property
investment company with a diverse portfolio of properties located
across the UK, currently including Leeds, Sunderland, Plymouth,
Dudley, Gateshead Tyne and Wear, and London. 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 rns@lseg.com or visit www.rns.com.
END
NEXLLFLSIFLIVIT
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October 30, 2018 10:16 ET (14:16 GMT)
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