TIDMALSP

RNS Number : 7068P

Ace Liberty & Stone PLC

13 February 2023

ACE LIBERTY AND STONE PLC

("Ace" or "the Company")

Resignation of Director

Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, today announces that after 8 years of service at Ace Liberty and Stone Plc, Hikmat El Rousstom has decided to step down as a non-executive director. The board would like to extend its appreciation to Hikmat for his distinguished contribution to the Company over his 8 years of service and wish him every success in his future endeavours.

The Directors remain of the view that the present turbulent market conditions will present opportunities. With a strong balance sheet and experienced management team, Ace is well positioned to act quickly and decisively to maximise the benefit to the Company.

The Directors accept responsibility for this announcement.

- 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, 
  AQSE Exchange Corporate Adviser 
 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 , 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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February 13, 2023 03:06 ET (08:06 GMT)

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