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Alpha Returns Group plc (ARGP)

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Thursday 19 September, 2013

Alpha Returns Group plc

Alpha Returns Group plc : Issue of Equity

Alpha Returns Group plc : Issue of Equity

Alpha Returns Group PLC

("Alpha Returns" or the "Company")

19 September 2013

Issue of equity and directors' dealings

The Board of Alpha Returns, the AIM traded investing company focusing on investments in high-growth Asian economies, is pleased to announce that the Supervisor of the CVA (approved by shareholders on 3 December 2012) has requested the issue of shares to creditors in line with the terms of the CVA.

The Company is issuing 6,694,544 new Ordinary shares of 0.01 pence (the "CVA Shares"), credited as fully paid in settlement of agreed claims of some £819,000.  Talisman Ventures Ltd, which is wholly owned by the Company's chairman Angus Forrest, will receive 820,221 CVA Shares and Angus Forrest will also receive 442,302 CVA Shares personally.  In addition, Messrs. Bruce Leith and Paul Henry, who have both been directors of the Company within the previous twelve months, will receive 1,149,340 and 261,832 CVA Shares respectively. Accordingly, the transaction is a Related Party Transaction for the purposes of the AIM Rules, and the independent directors (being those other than Angus Forrest) having consulted with the Company's nominated adviser, consider the terms of the transaction to be fair and reasonable insofar as shareholders are concerned.

Following the issue, Angus Forrest will be beneficially interested in 1,299,792 ordinary shares, representing approximately 0.3 per cent. of the Company's enlarged issued ordinary share capital.

The issue of the CVA Shares is conditional on admission of the shares to trading on AIM ("Admission"). Application will be made for the CVA Shares, which will rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Admission is expected to become effective and dealings to commence on or around 25 September 2013.

The enlarged issued share capital of Alpha Returns with voting rights attached consists of 418,235,095 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 418,235,095, 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.

-ends-

For further information:

Alpha Returns Group plc

Angus Forrest, Chairman        020 7469 0930

ZAI Corporate Finance Limited (Nomad)        020 7628 3396

Peter Trevelyan Clark / Ivy Wang

Peterhouse Corporate Finance (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

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