Ace Liberty & Stone Plc
LSE : ALSP

May 21, 2012 07:40 ET

Property Transaction

ACE LIBERTY & STONE PLC

PROPERTY TRANSACTION

The  directors of Ace Liberty & Stone Plc ("Ace", the "Company") announced that the Company has  agreed  to
rescind  the contracts for the purchase of a residential leasehold property in Paradise Street,  SE16  4QD.
The  deposit of GBP 210,000 was returned to the company on 4th May 2012 together with a further sum of  GBP
10,000  in  lieu of interest payable as per the Agreement dated 5th April 2011 whereby the Vendor  has  the
option to cancel and return the deposit monies.

The  company has further transferred GBP 115,000 to The Co-operative Bank for Silverdale Worldwide  Limited
as part capital repayment of the loan.

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