Information  X 
Enter a valid email address

Alpha Returns Group plc (ARGP)

  Print      Mail a friend       Annual reports

Thursday 19 June, 2014

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 June 2014

Subscription to raise £660,000
Issue of new ordinary shares/holdings in Company

Further to the Company's announcement on 12 June, 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 £660,000 (before expenses) though the issue of a further 41,250,000 new ordinary shares of 0.01p each in the capital of the Company (representing approximately 7.26 per cent. of the Company's existing issued ordinary share capital) at a price of 1.6 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 Ltd unchanged at 198,770,003 32.61%
Mr Mang, King Chung Dennis unchanged at 26,666,668 4.37%
Dong Cuiying unchanged at 23,161,765 3.80%

Add-Plus Electronic Pte. Ltd. no longer has a discloseable interest.

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 25 June 2014. The enlarged issued share capital of Alpha Returns with voting rights attached consists of 609,566,460 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 609,566,460, 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.

-ends-

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 7220 97997
Lucy Williams/Duncan Vasey




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#1796090

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