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Alpha Returns Group plc (ARGP)

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Friday 03 July, 2015

Alpha Returns Group plc

Investment Update

Investment Update

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

03 July 2015

Update re Oriental Ventures Limited ("Oriental Ventures")/Shenzhen Maxlife Catering Management Ltd. ("MaxLife")

Alpha Returns, the AIM traded investing company focussing on investments in high-growth Asian economies, is pleased to provide the following update on its 30 per cent. investment in Oriental Ventures, originally announced on 31 March 2014. The investment was subject to a number of preconditions including the acquisition by Oriental Ventures' wholly owned subsidiary Oriental Ventures Hong Kong Limited ("Oriental Ventures HK") of Maxlife, a start-up coffee chain business operating in the PRC.

The Company is pleased to announce that Chinese regulatory clearance for the acquisition of MaxLife by Oriental Ventures HK was granted on 29 June 2015 and is expecting fulfillment of the other conditions precedent to its investment in Oriental Ventures, including satisfactory legal and financial due diligence on Oriental Ventures and its subsidiaries, to be completed by the extended long-stop date of 30 September 2015. Consideration of HK$5,812,500 cash (then c. £451,000) was paid to the vendor of Oriental Ventures in March 2014 and deferred consideration, to be satisfied by the issue of  32,142,857 new ordinary shares in Alpha Returns, is payable on completion.

The Company will update the market when further progress is made.

For further information:

Alpha Returns Group plc  Christopher Neo
Executive Director
020 3286 6388
ZAI Corporate Finance Ltd (NOMAD) Peter Trevelyan Clark / Ivy Wang 020 7060 2220
Peterhouse Corporate Finance (Broker)  Duncan Vasey / Lucy Williams  020 7220 9797

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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