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.

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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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Monday 02 November, 2015

Alpha Returns Group plc

Conditionla Disposal

Conditionla Disposal

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

 2 November 2015

Conditional disposal of Riche Bright Securities Limited ("RB Securities")

Alpha Returns, the AIM traded investing company focussing on investments in high-growth Asian economies, is pleased to announce the conditional sale by its 70 per cent. owned joint-venture investment vehicle Riche Bright Group Limited ("Riche Bright") of  RB Securities, a member firm of the Stock Exchange of Hong Kong Limited (formerly M Y Securities Limited) under an agreement dated 30 October 2015. Consideration, payable in cash, comprises HK$11 million (£0.92 million) plus net assets at 31 October 2015. As at 30 September 2015, unaudited net assets of RB Securities amounted to approximately HK$22.9 million (£1.92 million).

The disposal is subject to a nine business day due diligence period by the purchaser and is further subject to conditions precedent that the purchaser, Hong Kong incorporated Hzone Holdings Limited, (or its nominee) obtains approval from the Hong Kong Securities and Futures Commission ("HKSFC") to become a substantial shareholder of RB Securities and no breach of warranty prior to Completion.  Consideration of HK$4 million has been paid, HK$24 million is due within 7 business days of the HKSFC approval with any balance being paid on Completion. Consideration, which is capped at HK$36 million, is subject to downwards adjustment to the extent that the operating expenses of RB Securities exceed HK$400,000 per calendar month from 1 November 2015 until Completion. A long stop date of 30 April 2016 has been agreed for satisfaction of the conditions precedent. Should the disposal not complete, monies received are liable to be returned without interest, save where a) HKSFC approval is not obtained for reasons not attributable to Riche Bright in which event the HK$4 million is retained by Riche Bright or b) Riche Bright fails to complete for reasons attributable to itself in which event an additional payment of HK$4m is due from Riche Bright to the purchaser in addition to the return of the HK$4 million received to date.

During its year ended 31 March 2015, RB Securities made pretax profits of HK$5.356m (2014: losses HK$ 0.554m) on commission fee income of HK$12.450m (2014: HK$1.995m) and a profit after tax of HK$4.916m (2014: losses HK$ 0.554m). Commission fee income included HK$8.597m (2014: Nil) with the Company's substantial shareholder Sze Thye Group Limited ("Sze Thye"). In the six months ended 30 September 2015, RB Securities made unaudited pretax losses of HK$0.63m and there has been no commission fee income from Sze Thye since 31 March 2015.

On completion of the disposal, it is intended that the net assets of Riche Bright, which will predominantly consist of cash proceeds from the RB Securities disposal be returned to its members, including 70 per cent to Alpha Returns to be applied in accordance with the Company's investing policy. The Company continues to hold its 52.5% interest in Singapore based IT service solutions provider Telistar Solutions Pte Ltd, a conditional 30% investment in Oriental Ventures Limited/Shenzhen MaxLife Catering Management Co., Ltd., a PRC coffee chain business which remains subject to a number of preconditions, and a conditional 50% investment in Jesoft International Limited/Jesoft Computer Technology Co. Ltd., a PRC corporate IT solutions provider.

For further information:

Alpha Returns Group plc  Christopher Neo
Executive Director
020 3286 6388
ZAI Corporate Finance Ltd (NOMAD) Peter Trevelyan-Clark / Ivy Wang 020 7060 2220
Peterhouse Corporate Finance (Broker)  Duncan Vasey / Lucy Williams  020 7220 9797



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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