Ace Liberty & Stone Plc

LSE : ALSP


March 28, 2013 10:04 ET

Issue of Equity



ACE LIBERTY & STONE PLC
ISSUE OF SHARES


The  directors of Ace Liberty & Stone Plc ("Ace", the "Company") announce that they have issued  15,219,550
Ordinary shares at 2.05p per share to Dr Abdel-Karim el-Rousstom for cash consideration of GBP 312,000.

We were also informed today that Dr el-Rousstom has transferred 7,333,000 Ordinary shares to his adult son,
Hikmat el-Rousstom.

Dr  Abdel-Karim el-Rousstom therefore now owns 38,494,550 Ordinary shares representing 14.40% of the issued
share capital of the Company.

The directors also wish to announce the issue of 2,781,225 to Kayssar Ghorayeb, our non-executive director.
Kayssar  paid  3.5p  per  share  resulting in a consideration of GBP 97,343. Kayssar's  total  holding  now
comprises of 4,215,325 Ordinary shares or 1.58% of the Company.

Finally the directors also wish to announce that it has issued 1,111,429 Ordinary shares at 3.5p per  share
to  Mr  Fadi  Khat and 278,571 Ordinary shares at 3.5p per share to Mr Ghassan Khlat (the son  of  Mr  Fadi
Khat)for  consideration  of the settlement of invoices for services. In a previous announcement  we  stated
that 11,111,111 Ordinary Shares had been issued to Mr Ghassan Khlat whereas in fact only 2,222,222 Ordinary
shares had been issued to Mr Ghassan Khlat and 8,888,888 shares had been issued to Mr Fadi Khat.

As  a  result  Mr Ghassan Khlat now owns 2,500,793 Ordinary shares representing 0.94% of the  issued  share
capital  of  the  Company and Mr Fadi Khat now owns 10,000,317 Ordinary shares representing  3.74%  of  the
issued share capital of the Company.

The Company now has 267,282,296 Ordinary shares in issue.

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


28 March 2013



Contact Information

  • Ace Liberty & Stone Plc