Ace Liberty & Stone Plc
LSE : ALSP

October 04, 2012 07:35 ET

Issue of Equity



ACE LIBERTY & STONE PLC
ISSUE OF SHARES


The  directors  of  Ace  Liberty & Stone Plc ("Ace", the "Company") announce that it has  issued  8,825,000
Ordinary shares at 2.25p per share to Dr Abdel-Karim el-Rousstom for cash consideration of USD 318,475.

An  additional  462,600 Ordinary shares were issued to Kayssar Ghorayeb at 3.5p per share in  exchange  for
introductory services.

The  directors  also wish to announce that options granted to certain directors on 26 September  2007  have
been  exercised. As a result 8,400,000 and 1,200,000 Ordinary shares have been allotted to Ismail  Ghandour
and Keith Pankhurst respectively at a price of 1p per share.

Following these issues of equity the Company has 229,275,981 Ordinary shares in issue.

Dr  Abdel-Karim  el-Rousstom now owns, 23,275,000 Ordinary shares representing 10.2% of  the  issued  share
capital of the Company.

Kayssar  Ghorayeb, a director of the Company, now owns 1,434,100 Ordinary shares representing 0.6%  of  the
issued share capital.

Ismail  Ghandour, a director of the Company, now owns 25,770,565 Ordinary shares representing 11.2% of  the
issued share capital.

Keith  Pankhurst, a director of the Company, now owns 1,762,610 Ordinary shares representing  0.8%  of  the
issued share capital.

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


FOR FURTHER INFORMATION PLEASE CONTACT:

Mark Eichhorn, Director
Ace Liberty & Stone Plc
Tel: 020 7201 8340

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





Contact Information

  • Ace Liberty & Stone Plc