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Alpha Returns Group plc (ARGP)

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Wednesday 18 May, 2016

Alpha Returns Group plc

Further re Disposal

Further re Disposal

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

 18 May 2016

Further re disposal of Riche Bright Securities Limited ("RB Securities")

Further to the announcement made on 12 May 2016, Alpha Returns, the AIM traded investing company focussing on investments in high-growth Asian economies, is pleased to announce that total consideration for the disposal of RB Securities has been agreed at HK$33,173,459 of which HK$28,000,000 has been received by its 70 per cent owned joint venture vehicle Riche Bright Group Limited ("Riche Bright"). The final tranche cash consideration of HK$5,173,459 (£0.46 million) is due on or before 31 May 2016.

For further information:

Alpha Returns Group plc  Christopher Neo
Executive Director
020 3286 6388
ZAI Corporate Finance Ltd (NOMAD) Peter Trevelyan-Clark / Tim Cofman 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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