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Alpha Returns Group plc (ARGP)

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Tuesday 31 May, 2016

Alpha Returns Group plc

Completion of Disposal

Completion of Disposal

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

 31 May 2016

Completion of Disposal of Riche Bright Securities Limited ("RB Securities")

Further to the announcement made on 18 May 2016, Alpha Returns, the AIM traded investing company focussing on investments in high-growth Asian economies, is pleased to announce the completion of the disposal of RB Securities by its 70 per cent owned joint venture vehicle Riche Bright Group Limited and receipt of the final tranche cash consideration of HK$5,173,459 (£0.46 million).

Total consideration amounts to HK$33,173,459 received in three tranches, HK$4m following exchange of contracts in October 2015 (then £0.3m), and HK$24m (£2.1m) and HK$5.2m (£0.46 million) in 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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