Statement re Property Transaction

Ace Liberty & Stone PLC

24 May 2024

 

ACE LIBERTY AND STONE PLC

(''Ace'' or "the Company'')

Property Transaction

Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, is pleased to update shareholders on the following transaction.

The Company has completed the sale of Egerton Park service station, Leicester Road, Melton Mowbray for a consideration of £2,750,000. The property was purchased in July 2023 at a price of £2,744,852 (excluding costs). The sale was undertaken in order to increase cash reserves.  

Ismail Ghandour, CEO, commented, "Taking account of current market sentiment, this sale at original purchase price highlights the underlying strength in our portfolio. By increasing our cash reserves, we are in a strong position for taking advantage of any future investment opportunities that may arise."

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For further information, please contact:

Ace Liberty & Stone Plc
Laura Yates, Finance Director	Tel: [phone]
	http://acelibertyandstone.com
Alfred Henry Corporate Finance Ltd, AQSE Exchange Corporate Adviser
Nick Michaels	Tel: [phone]
	www.alfredhenry.com

Notes to Editors

Ace Liberty & Stone Plc is a property investment company with a diverse portfolio of properties located across the UK, predominantly in the midlands and north of England, which are now the focus of Government incentives. The Company locates commercial properties which have creditworthy tenants, several years' rental income and 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 to deploy its strong balance sheet and is 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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