TIDMALSP

RNS Number : 9314X

Ace Liberty & Stone PLC

28 April 2023

ACE LIBERTY AND STONE PLC

("Ace" or "the Company")

Board Changes

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 appointment of Nick Jones and Laura Yates to the Board of the Company.

Nick Jones has been appointed Property Director, responsible for all aspects of Ace's property portfolio. Nick is a Chartered Surveyor with over 18 years commercial property experience both nationally and internationally and has been with the Company since January 2022.

Laura Yates, who has been with the Company since April 2022, has been appointed Finance Director and Company Secretary responsible for the finance and administration functions of the Company. Laura is a CIMA qualified accountant with over 10 years' experience in various senior finance roles within the real estate sector.

Ivan Minter, currently CFO of the company will remain on the Board of the Company as a Non-Executive Director. Ivan will also become a member of the remuneration committee.

Dr Anthony Ghorayeb, Chairman of Ace, commented:

"We are delighted to welcome Nick and Laura to the Board and wish them every success in their new roles as Executive Directors of the Company. We also thank Ivan for his invaluable contribution as CFO and are pleased he will remain on the Board where his knowledge and experience will help drive the success of the company."

Nick Jones and Laura Yates each hold 9,500 Ordinary Shares in the Company.

Except as set out above, there is no further information regarding Nick Jones or Laura Yates that is required to be disclosed pursuant to rule 4.9 of the AQSE Growth Market Access Rulebook.

The Directors accept responsibility for this announcement.

- ends -

For further information, please contact:

 
 
 Ace Liberty & Stone Plc 
 Laura Yates, 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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END

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April 28, 2023 10:11 ET (14:11 GMT)

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