TIDMALSP

RNS Number : 3981Y

Ace Liberty & Stone PLC

17 May 2016

 
 Press Release   17 May 2016

Ace Liberty and Stone Plc

("Ace" or "the Company")

Board Changes

Ace Liberty and Stone Plc (ISDX: ALSP), the active property investment company capitalising on commercial property investment opportunities across the UK, today announces that Dr Anthony Ghorayeb, currently Non-Executive Director of Ace, assumes the role of Non-Executive Chairman with immediate effect.

Dr Ghorayeb is also currently the Executive Chairman and co-founder of LiBank, the Lebanese investment bank offering services tailored to high-net-worth individuals (HNWIs), and the Secretary General of the Levant Business Union.

Keith Pankhurst, currently Non-Executive Chairman, assumes the role of Senior Independent Director.

- Ends -

For further information, please contact:

 
 Ace Liberty & Stone Plc 
 Ivan Minter, Financial Director           Tel: +44 (0) 20 7201 8340 
                                       http://acelibertyandstone.com 
 Alfred Henry Corporate Finance Ltd, 
  ISDX Corporate Adviser 
 Jon Isaacs / Nick Michaels                Tel: +44 (0) 20 7251 3762 
                                                 www.alfredhenry.com 
 Hybridan LLP, Corporate Broker 
 Claire Noyce / Darshan Patel               Tel: +44 (0)203 764 2341 
                                                    www.hybridan.com

Media enquiries:

 
 Abchurch 
 Julian Bosdet            Tel: +44 (0) 20 7398 7714 
  Canace Wong 
 als@abchurch-group.com      www.abchurch-group.com

Notes to Editors

Ace Liberty & Stone Plc is a London-based property investment company with a diverse portfolio of properties located across the UK, currently including Leeds, Sunderland, Plymouth, Dudley, Gateshead Tyne and Wear, and London. The Company locates commercial and residential properties which have the potential for an increase in value through creative asset management activity, such as change of tenancy, change of use or new lease negotiation. Ace has maintained a track record of generating strong profits at disposal of properties and achieving better-than average returns on capital. With strong support from shareholders and mortgage lenders, the Company is currently seeking further investment opportunities in the UK to create value for existing and new investors.

The London property market has seen considerable recovery since the 2008 financial crisis. However, in some UK regions smaller properties have begun to appreciate in value, and this trend is starting to appear amongst larger properties.

Ace is run by a board with extensive property experience, an excellent network of contacts and relevant professional qualifications. This sector expertise has allowed the Board to identify opportunities and act promptly to secure investments.

For more information on the Company please visit: http://acelibertyandstone.com/

This information is provided by RNS

The company news service from the London Stock Exchange

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May 17, 2016 02:01 ET (06:01 GMT)