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Alpha Returns Group plc (ARGP)

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Tuesday 07 January, 2014

Alpha Returns Group plc

Alpha Returns Group plc : Update re Placing to ...

Alpha Returns Group plc : Update re Placing to CVA Shareholders

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

7 January 2014

Update re Placing to CVA Shareholders

On 15 August 2013, the Company announced a Placing and Open Offer at a price of 0.15p per Ordinary Share, being a discount of 0.85 pence to the closing mid-market price per then existing Ordinary Share. The Open Offer was made on the basis of 10 Open Offer Shares for every then existing Ordinary Share. The Directors stated their intention at the time that an open offer would be made to CVA shareholders in respect of their holdings of CVA shares once those shares had been issued and that this offer would be made on terms equivalent to those in respect of the Open Offer.

The Directors intend shortly to make such an offer to CVA Shareholders based on a 0.85p share price discount.  A further announcement will be made in due course.


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 7469 0935
Jon Levinson

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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