Information  X 
Enter a valid email address

Alpha Returns Group plc (ARGP)

  Print      Mail a friend       Annual reports

Monday 20 January, 2014

Alpha Returns Group plc

Alpha Returns Group plc : Grant of Options

Alpha Returns Group plc : Grant of Options

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

20 January 2014

Grant of Options

The Company is pleased to announce that on 17 January 2014, the Board granted options over a total 40,000,000 ordinary shares, representing 7.99 per cent. of the Company's current issued ordinary share capital at an exercise price of 2.2p per share in accordance with the terms of the share option scheme, details of which were announced on 19 December 2013. Options were granted to the following directors:

Name Number Price Exercise dates
Chan Cheong Yee (Quattro) 5,000,000 2.2p 17/1/16 - 17/1/21
Christopher Neo 5,000,000 2.2p 17/1/16 - 17/1/21
Greg Collier 5,000,000 2.2p 17/1/16 - 17/1/21

5,000,000 options were also granted on the same terms as above to Lim Hui Jie who until 29 November 2013 was a director of the Company and who remains on the Board of the Company's wholly-owned investment subsidiary (Shidu International Limited). The remaining 20 million options have been granted in equal proportions to four consultants to the Company on the same terms as above.

The independent directors, being for these purposes Tony Drury and Eric Leung, having consulted with the Company's nominated adviser, consider the terms of grant of options to the directors and to Lim Hui Jie to be fair and reasonable insofar as shareholders are concerned.

Save as stated above, no other options are in issue. Options have been granted following the making of the Company's first two investments into Telistar, its capital contribution to its co-funded investment vehicle, Riche Bright Group Limited, and gross fund raises of some £1 million since becoming an investing company on 3 December 2012.

Christopher Neo is also interested in 12,760,000 ordinary shares, approximately 2.55 per cent of the Company's current 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

HUG#1755735

a d v e r t i s e m e n t