Ace Liberty & Stone PLC Interim Dividend Announcement (5693W)
28 April 2016 - 7:01AM
UK Regulatory
TIDMALSP
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: +44 (0) 20 7201 8340
http://acelibertyandstone.com
Alfred Henry Corporate Finance
Ltd, ISDX Corporate Adviser
Jon Isaacs / Nick Michaels Tel: +44 (0) 20 7251 3762
www.alfredhenry.com
Hybridan LLP, Corporate
Broker
Claire Noyce / Darshan Patel Tel: +44 (0)203 764 2341
www.hybridan.com
Media enquiries:
Abchurch
Canace Wong Tel: +44 (0) 20 7398 7714
als@abchurch-group.com 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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April 28, 2016 02:01 ET (06:01 GMT)