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Alpha Returns Group plc (ARGP)

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Wednesday 15 January, 2014

Alpha Returns Group plc

Alpha Returns Group plc : Further re Joint Vent...

Alpha Returns Group plc : Further re Joint Venture Agreement for the acquisition of MY Securities Limited

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

15 January 2014

Further re Joint Venture Agreement for the acquisition of MY Securities Limited

Further to the Company's announcement on 2 January 2014, the Board of Alpha Returns, the AIM traded investing company focusing on investments in high-growth Asian economies, is pleased to announce that it has now made the capital contribution to Riche Bright Group Limited ("Riche Bright"), its co-funded investment vehicle, pursuant to a joint venture agreement dated 26 December 2013. HK$5,613,079.16 cash has been remitted to Riche Bright and 26,668,668 ordinary shares of 0.01 pence each in Alpha Returns have been allotted, on the instructions of Riche Bright, directly to Mr Mang King Chung Dennis, ultimate beneficial owner of MY Securities Limited.

Application will be 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. Admission is expected to become effective and dealings to commence on or around 21 January 2014.  The enlarged issued share capital of Alpha Returns with voting rights attached consists of 500,459,318 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 500,459,318, 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.

Following the issue of the new ordinary shares, Mr Mang will be interested in 26,668,668 shares, representing approximately 5.33 per cent. of the Company's enlarged issued ordinary share capital.


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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