Information  X 
Enter a valid email address

Alpha Returns Group plc (ARGP)

  Print      Mail a friend       Annual reports

Monday 10 March, 2014

Alpha Returns Group plc

Alpha Returns Group plc : Subscription to raise...

Alpha Returns Group plc : Subscription to raise £725,000

Alpha Returns Group PLC
("Alpha Returns" or the "Company")
10 March 2014

Subscription to raise £725,000

Issue of new ordinary shares/holdings in Company

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 completed an equity subscription to raise an additional £725,000 though the issue of a further 55,769,230 new ordinary shares of 0.01p each in the capital of the Company (representing approximately 10.88 per cent. of the Company's existing issued ordinary share capital) at a price of 1.3 pence per share. The funds raised strengthen the Company's financial position and give it the flexibility to take advantage of potential investment opportunities within the Asia-Pacific region expeditiously.

Following the subscription, the Company is aware of the following significant shareholdings in its enlarged issued ordinary share capital:

NameNumber of sharesPercentage
Sze Thye Group Ltdunchanged at 221,711,18039.01%
Mr Mang, King Chung Dennisunchanged at 26,666,6684.69%
Dong Cuiyingunchanged at 23,161,7654.08%

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. Admission is expected to become effective and dealings to commence on or around 14 March 2014.  The enlarged issued share capital of Alpha Returns with voting rights attached consists of 568,316,460 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 568,316,460, 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:

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


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