Ace Liberty & Stone PLC Dividend Declaration (8740A)
28 Septiembre 2022 - 1:02AM
UK Regulatory
TIDMALSP
RNS Number : 8740A
Ace Liberty & Stone PLC
28 September 2022
ACE LIBERTY AND STONE PLC
("Ace" or "the Company")
First Dividend Announcement for the financial year ended 30
April 2023
Ace Liberty and Stone Plc (AQSE: ALSP), the active property
investment company, capitalising on commercial property investment
opportunities across the UK, is pleased to announce the first
interim dividend for the year ending 30 April 2023 of 3.4p per
ordinary share. There are currently 58,870,250 shares in issue and
therefore the dividend will total GBP2,001,589.
The dividend will be paid on or around 21 October 2022 to all
shareholders on the register as at 7 October 2022. Ex-dividend date
is 06 October 2022. Payment of this dividend is the first dividend
payment since 13 November 2019. The directors are pleased to be
able to resume dividend payments following the Covid pandemic and
the subsequent economic uncertainty. The directors believe the
prospects for the Company's future are good and the Company expects
to resume regular dividend payments subject to adequate
profitability and cashflow.
Ismail Ghandour, Chief Executive Officer, commented:
"For three years the Company has been prevented from making
dividend payments for reasons beyond its control. This payment goes
some way to catching up and we intend to resume our previous
dividend policy as enabled by our trading performance."
- ends -
The Directors accept responsibility for this announcement.
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 28, 2022 02:02 ET (06:02 GMT)
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