Ace Liberty & Stone Plc

LSE : ALSP


March 13, 2014 09:36 ET

Property Sale

ACE LIBERTY & STONE PLC


PROPERTY SALE


The  directors  of Ace Liberty & Stone Plc ("Ace", the "Company") are delighted to announce  that  Radcliff
Property  Limited ("Radcliff") an associate company in which Ace has a 38% shareholding has  completed  the
sale  of  a  long leasehold interest in the Tower and units three and four representing part  of  Telephone
House Sheffield for the sum of GBP4,140,750.

Radcliff  has retained the freehold as well as the car park and units one and two; it is expected that  the
residual  value  of  these  remaining  assets together with the consideration  received  for  the  disposal
mentioned above yields well in excess of the original cost.

The consideration received from the disposal will partly be used to repay bank debt and the balance will be
paid  to the Radcliff shareholders. Ace is expected to receive approximately GBP600k which will be used  to
fund future acquisitions.

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
www.acelibertyandstone.com
Tel: 020 7201 8340

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


13 March 2014



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