Ace Liberty & Stone PLC Interim Dividend Announcement (5693W)

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RNS Number : 5693W

Ace Liberty & Stone PLC

28 April 2016

 
 Press Release   28 April 2016 
 

Ace Liberty and Stone Plc

("Ace" or "the Company")

Interim Dividend Announcement

Ace Liberty and Stone Plc (ISDX: ALSP), the active property investment company capitalising on commercial property investment opportunities across the UK, is pleased to announce that it intends to pay an interim dividend of 0.033 pence per share, which equates to a total payment of approximately GBP 324,110. The dividend will be paid on 3 June 2016 to shareholders who were registered on 13 May 2016. The ex-dividend date is 12 May.

Ismail Ghandour, Chief Executive of the Company commented: "The Board of Ace is pleased to be able to reward shareholders with an increased dividend payment this year, keeping in line with our dividend policy, which states an intention to follow a progressive policy as profits permit. On top of this, the dividend will be paid on an increased share capital basis following the successful Open Offer in February."

- Ends -

For further information, please contact:

 
 Ace Liberty & Stone Plc 
 Ivan Minter, Financial Director       Tel: [phone] 
                                   http://acelibertyandstone.com 
 Alfred Henry Corporate Finance 
  Ltd, ISDX Corporate Adviser 
 Jon Isaacs / Nick Michaels            Tel: [phone] 
                                             www.alfredhenry.com 
 Hybridan LLP, Corporate 
  Broker 
 Claire Noyce / Darshan Patel           Tel: [phone] 
                                                www.hybridan.com 
 

Media enquiries:

 
 Abchurch 
 Canace Wong              Tel: [phone] 
 [e-mail]      www.abchurch-group.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.

The London property market has seen considerable recovery since the 2008 financial crisis. However, in some UK regions smaller properties have begun to appreciate in value, and this trend is starting to appear amongst larger properties.

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: http://acelibertyandstone.com/

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

April 28, 2016 02:01 ET (06:01 GMT)