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Alpha Returns Group plc (ARGP)

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Wednesday 04 September, 2013

Alpha Returns Group plc

Statement re Result of Open Offer and Director...

Statement re Result of Open Offer and Directors Dealing - REPLACEMENT ANNOUNCEMENT

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

4 September 2013

REPLACEMENT ANNOUNCEMENT
Result of Open Offer
Directors Dealing

In the "Result of Open Offer/Directors Dealing" announcement released at 07:00 today under reference HUG1727012, the first line has been amended to read "The Company is pleased to announce that by 11 a.m. on 3 September 2013 valid applications had been received." to reflect the correct closing date of the Open Offer.  All other details remain unchanged.  The full text of the corrected announcement is set out below.

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

4 September 2013

Result of Open Offer
Directors Dealing

The Company is pleased to announce that by 11 a.m. on 3 September 2013 valid applications had been received from Eligible Shareholders in respect of 23,131,948 new Ordinary Shares of 0.01p each at a price of 0.15p per share pursuant to the open offer announced by the Company on 15 August 2013, representing approximately 12.6% of the total number of shares available under the Open Offer.  Application has been made for the new Ordinary Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM and admission is expected to be effective on 5 September 2013.

As announced on 15 August 2013, the open offer was made to Eligible Shareholders to give them the opportunity to participate at the same price as a firm placing of 340,000,000 shares to certain existing shareholders.  The placing and open offer between them raised approximately £0.54 million (before expenses) and the net proceeds from the open offer will provide further funding to support the Company's business development.

Mr Christopher Neo, executive director, applied for his full entitlement of 11,600,000 new Ordinary Shares, bringing his total shareholding to 12,760,000 shares, representing approximately 3.1% of the Company's enlarged issued ordinary share capital.  

Following the Open Offer, the Company is aware of the following significant shareholding in addition to Mr Christopher Neo:

NameNumber of sharesPercentage of issued ordinary share capital
Sze Thye Group Limited338,000,00082.1

The enlarged issued share capital of Alpha Returns with voting rights attached consists of 411,540,551 ordinary shares of 0.01p each with one vote per ordinary share.  There are no shares held in Treasury. The total number of voting rights in Alpha Returns is therefore 411,540,551, which figure may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in Alpha Returns under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information please contact:

Alpha Returns Group plc   020 7469 0930
Angus Forrest, Chairman

ZAI Corporate Finance Ltd (Nomad)   020 7060 2220
Peter Trevelyan-Clark/Wei Wang

Peterhouse Corporate Finance Ltd (Broker)   020 7469 0935
Jon Levinson




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Alpha Returns Group plc via Thomson Reuters ONE

HUG#1727160

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