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LONDON - Ace Liberty & Stone Plc (AQSE:ALSP), a UK commercial property investment company, announced Thursday it has signed non-binding heads of terms with an existing unsecured convertible loan note holder for a potential £28 million transaction.
The proposed deal involves the potential sale of certain subsidiaries and properties to the unnamed buyer, according to a company statement. The outstanding unsecured convertible loan note would be used as part payment for the purchase.
The company indicated that the proposed purchase price represents a premium to the aggregate investment property valuation as of April 30, 2025, though specific valuation figures were not disclosed.
The transaction remains subject to satisfactory due diligence by the buyer and receipt of any required third-party regulatory or tax approvals. Ace Liberty & Stone noted there is no certainty the proposed transaction will proceed.
Ace Liberty & Stone, which focuses on commercial property investment opportunities across the UK, trades on the Aquis Stock Exchange Growth Market. The company stated it would provide further updates on the potential transaction as appropriate.
The announcement was deemed by the company to constitute inside information under the Market Abuse Regulation.
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