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Alpha Returns Group plc (ARGP)

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Wednesday 04 January, 2017

Alpha Returns Group plc

Grant of Options

Grant of Options

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

4 January 2017

Grant of Options

The Company is pleased to announce that on 3 January 2017, the Board granted options over a total 15,000,000 ordinary shares, representing 2.16 per cent. of the Company's current issued ordinary share capital at an exercise price of 0.5p per share in accordance with the terms of the share option scheme, details of which were announced on 19 December 2013. Options were granted to the following directors:

Name Number Price Exercise dates
Christopher Neo 3,000,000 0.5p 3/1/2019 - 3/1/2024
Chan Cheong Yee (Quattro) 1,000,000 0.5p 3/1/2019 - 3/1/2024
Tsang Fung Chu (Ellen) 1,000,000 0.5p 3/1/2019 - 3/1/2024

The remaining 10,000,000 options have been granted to group employees (including the Company's 52.5 per cent. owned investee company Telistar Solutions Pte Ltd.) and consultants to the Company on the same terms as above.

Christopher Neo and Chan Cheong Yee (Quattro) each hold options over a further 5,000,000 million ordinary shares exercisable at 2.2p per share, expiring 17/1/2021. Christopher Neo is also interested in 12,760,000 ordinary shares, approximately 1.84 per cent of the Company's current issued ordinary share capital.

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 / Tim Cofman

Peterhouse Corporate Finance (Broker)                                                020 7220 9797
Duncan Vasey / Lucy Williams




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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