Ace Liberty & Stone Plc
LSE : ALSP

October 31, 2013 13:27 ET

AGM Statement

ACE LIBERTY & STONE PLC
RESULT OF AGM

The  directors of Ace Liberty & Stone Plc ("Ace", the "Company") announce that all resolutions were  passed
at  today's  Annual General Meeting which was held at 11.30 a.m. at Finsgate, 5-7 Cranwood  Street,  London
EC1V 9EE.

The resolutions were as follows.


ORDINARY BUSINESS

As Ordinary Resolutions

1.  To  receive  and  adopt the statement of accounts for the year ended 30 April 2013, together  with  the
reports  of  the  directors and the auditors thereon and the consolidated accounts of the Company  and  its
subsidiaries for the same period.

2.  That  Ivan  Minter,  a  Director retiring by rotation in accordance  with  the  Company's  Articles  of
Association, be and is hereby re-elected as a Director of the Company.

3.  That Dr Anthony Ghorayeb, a Director retiring by rotation in accordance with the Company's Articles  of
Association, be and is hereby re-elected as a Director of the Company.

4.  To  re-appoint Merali's Chartered Accountants as auditors of the Company and to authorise the Directors
to fix the remuneration of Merali's Chartered Accountants.


SPECIAL BUSINESS

As an Ordinary Resolution

5.  That  in  accordance  with  Section  551 of the Companies Act 2006,  the  Directors  be  generally  and
unconditionally authorised to allot shares in the Company or grant rights to subscribe for  or  to  convert
any  security  into  shares in the Company ("Rights") up to an aggregate nominal amount of  GBP  10,000,000
provided that this authority shall, unless renewed, varied or revoked by the Company, expire on the earlier
of  the  conclusion  of the Annual General Meeting of the Company to be held in 2014 or  the  date  falling
fifteen months after the passing of this Resolution save that the Company may, before such expiry, make  an
offer  or  agreement  which would or might require shares to be allotted or Rights to be  granted  and  the
Directors may allot shares or grant Rights in pursuance of such offer or agreement notwithstanding that the
authority conferred by this Resolution has expired.

This  authority  is in substitution for all previous authorities conferred on the Directors  in  accordance
with  Section 551 of the Companies Act 2006, but without prejudice to any allotment of shares or  grant  of
Rights already made or offered or agreed to be made pursuant to such authorities.

As a Special Resolution

6.  That  the Directors be and they are hereby empowered (in substitution for and to the exclusion  of  any
other  existing powers save to the extent that the same have been previously exercised) pursuant to Section
570  of  the  Companies  Act 2006 to allot equity securities (within the meaning  of  Section  560  of  the
Companies Act 2006) of the Company for cash pursuant to the authority conferred on them by Resolution 5  to
allot  relevant  securities  as if Section 561(1) of the Companies Act 2006  did  not  apply  to  any  such
allotment. This power shall (unless previously revoked or varied by the Company in General Meeting)  expire
fifteen  months after the date of the passing of this Resolution or at the conclusion of the Annual General
Meeting  of  the Company to be held in 2014 whichever first occurs save that the Company may,  before  such
expiry, make an offer or agreement which would or might require equity securities to be allotted after such
expiry  and the Directors may allot equity securities in pursuance of such an offer or agreement as if  the
power conferred hereby had not expired.
As an Ordinary Resolution

7.  That  the  grant  of  Share Options to the optionsholders pursuant to the Share  Option  Agreements  as
described in the Circular of the Annual General Meeting of the Company be approved and ratified.



The Directors of the Issuer accept responsibility for the contents of this announcement.


FOR FURTHER INFORMATION PLEASE CONTACT:

Ivan minter, Director
Ace Liberty & Stone Plc
Tel: 020 7201 8340

Jon Isaacs
Alfred Henry Corporate Finance Limited
www.alfredhenry.com
Tel: 020 7251 3762


31 October 2013


Contact Information

  • Ace Liberty & Stone Plc