Ace Liberty & Stone - Heads of Terms Signed

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.  

ACE LIBERTY AND STONE PLC

(''Ace'' or "the Company'')

Heads of Terms Signed

Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, announces that the Company has signed non-binding Heads of Terms with an existing unsecured convertible loan note holder ("Buyer"), regarding the potential acquisition of a combination of certain subsidiaries and properties for a proposed purchase price of £28m ("Proposed Transaction"). The outstanding unsecured convertible loan note is intended to be used as part payment of the purchase price. The proposed purchase price represents a premium to the aggregate investment property valuation as at 30 April 2025.

The Proposed Transaction is subject, inter alia, to due diligence satisfactory to the Buyer and receipt of any required third party regulatory or tax consents or approvals.

There can be no certainty that the Proposed Transaction will proceed. The Company will provide further updates as appropriate.

The Directors accept responsibility for this announcement.

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Notes to Editors

Ace Liberty & Stone Plc is a property investment company with a diverse portfolio of properties located across the UK, predominantly in the midlands and north of England. The Company locates commercial properties which have creditworthy tenants, several years' rental income and 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.

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 in order to generate long-term value for investors.

For more information on the Company please visit www.acelibertyandstone.com