Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Alpha Returns Group plc (ARGP)

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Thursday 12 June, 2014

Alpha Returns Group plc

Alpha Returns Group plc : Trading Update

Alpha Returns Group plc : Trading Update

Alpha Returns Group PLC
("Alpha Returns" or the "Company")

12 June 2014

Trading Update

Alpha Returns, the AIM traded investing company focusing on investments in high-growth Asian economies, is pleased to announce a trading update ahead of its preliminary results for the year ended 31 December 2013 which are expected to be announced on or around 20 June 2014. Subject to any audit adjustments, these are expected to show pre-tax losses on continuing operations of approximately £330,000 (2012: losses £364,000 after an exceptional credit of £469,000) with administrative costs reduced by over 50 per cent.  2012 also saw losses from discontinued operations in excess of £470,000. Total assets at 2013 year end amounted to £990,000 with cash of £570,000.

During 2013 the Company completed its CVA, raised approximately £1,040,000 in new equity (before expenses) at prices of between 0.15p and 0.9p per share and implemented its investing policy, acquiring an 18.75% holding in Singapore based IT service solution provider Telistar Solutions Pte. Ltd. ("Telistar") for some £300,000 and a small portfolio of HK traded stocks for £49,000.

Investments made during 2014 to date include:

  • A conditional investment of £903,000 (of which £436,000 paid in cash with the balance in new Alpha Returns shares) for an indirect 30% shareholding in Hong Kong stockbrokers MY Securities Limited ("MY Securities") via a BVI investment vehicle Riche Bright Group Ltd.;
  • The acquisition of a further 15% shareholding in Telistar for £227,000 satisfied by the issue of new Alpha Returns shares; and
  • A conditional investment of £1,055,000 (of which £451,000 paid in cash with the balance in new Alpha Returns shares to be issued on completion) for a 30% indirect shareholding in Shenzhen MaxLife Catering Management Ltd. ("MaxLife"), a start-up coffee chain business in the PRC, via BVI investment vehicle Oriental Ventures Ltd. ("Oriental Ventures").

In March 2014 the Company raised a further £725,000 at a price of 1.3p per share. Deferred consideration of £206,000 is due by end 2014 for an additional 18.75% holding in Telistar.

Telistar continues to perform to the Board's expectations and in its year ended 31 December 2013 made an unaudited pre-tax profit of S$188,000, an increase of over 47% over 2012 pre-tax profits of S$128,000 on turnover of S$4.435 million (up 46% on 2012 S$ 3.035 million). The business is expanding into mainland China this year.

Oriental Ventures continues to progress its acquisition of MaxLife and completion is expected to occur within the nine month timeframe set out in the original investment announcement on 31 March.

Change of control discussions with the Hong Kong Securities and Futures Commission relating to the approval of new substantial shareholders in MY Securities continues. The completion date for the investment is likely to be extended to 30 September 2014.

In order to strengthen the Company's financial position and to provide the Company with funds to take advantage of potential investment opportunities within the Asia-Pacific region expeditiously, the Company is proposing to conduct an equity fund raise for approximately £650,000. A further announcement will be made in due course. 

-ends-

For further information:

Alpha Returns Group plc
Christopher Neo, Executive Director                                                         020 3286 6388

ZAI Corporate Finance Limited (Nomad)                                               020 7060 2220
Peter Trevelyan Clark / Ivy Wang

Peterhouse Corporate Finance (Broker)                                                020 7220 9797
Lucy Williams / Duncan Vasey




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Alpha Returns Group plc via Globenewswire

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