Ace Liberty & Stone PLC Admission and Trading of Open Offer Shares (3807Q)
29 February 2016 - 7:00AM
UK Regulatory
TIDMALSP
RNS Number : 3807Q
Ace Liberty & Stone PLC
29 February 2016
Press Release 29 February 2016
Ace Liberty & Stone Plc
(" Ace" or the "Company")
Issue of Shares
Admission and Trading of Open Offer Shares
Ace Liberty & Stone Plc (ISDX: ALSP), the active property
investment company capitalising on commercial property investment
opportunities across the UK, is pleased to announce the issue of
350,000,000 new Ordinary Shares as a result of its successful Open
Offer, detailed in the announcement released 5 February 2016.
On 23 February, Ace announced that it had received valid
acceptances from Qualifying Shareholders under the Excess
Application Facility and under the Open Offer of 439,640,943
Shares. To restrict applications to the offer limit of 350,000,000
shares, the applications from the Excess Application Facility were
scaled down by 57.92%.
The Company can now confirm that admission of 350,000,000 new
Ordinary Shares to trading on ISDX in connection with the Open
Offer became effective today.
Following the issue of shares, major shareholders and directors
have the following holdings:
Major Shareholders and Directors Total Number of Percentage of Enlarged
Shares Share Capital
---------------------------------- ---------------- -----------------------
Dr. Abdel-Karim El-Rousstom 167,835,109 17.32%
---------------------------------- ---------------- -----------------------
HSBC Global Custody Nominee
(UK) Limited 140,351,959 14.49%
---------------------------------- ---------------- -----------------------
Dinama Holdings Limited 80,209,472 8.28%
---------------------------------- ---------------- -----------------------
Daniel Waylett 78,352,999 8.09%
---------------------------------- ---------------- -----------------------
Ismail Ghandour (Director) 46,709,883 4.82%
---------------------------------- ---------------- -----------------------
Bijan Daneshmand 46,250,000 4.77%
---------------------------------- ---------------- -----------------------
Libank S.A.L. 37,716,357 3.89%
---------------------------------- ---------------- -----------------------
Dr. Anthony Ghorayeb (Director) 19,999,999 2.06%
---------------------------------- ---------------- -----------------------
Hikman El-Rousstom (Director) 17,897,315 1.85%
---------------------------------- ---------------- -----------------------
Kayssar Ghorayeb (Director) 6,322,988 0.65%
---------------------------------- ---------------- -----------------------
Keith Pankhurst (Director) 3,254,701 0.34%
---------------------------------- ---------------- -----------------------
Mark Thomas (Director) 1,058,782 0.11%
---------------------------------- ---------------- -----------------------
Ivan Minter (Director) 678,110 0.07%
---------------------------------- ---------------- -----------------------
The Company now has 968,818,417 ordinary shares of 1p each in
issue, each share carrying the right to one vote.
- 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
Quincy Allan / Canace Wong Tel: +44 (0) 20 7398 7700
quincy.allan@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, Doncaster, Sunderland,
Dudley and Gateshead Tyne and Wear. 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.
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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February 29, 2016 02:00 ET (07:00 GMT)