Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Alpha Returns Group (ARGP)

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Friday 03 November, 2017

Alpha Returns Group

Disposal of 5% interest in Telistar Solutions Pte

RNS Number : 5751V
Alpha Returns Group PLC
03 November 2017

Alpha Returns Group plc

(the "Company" or "Alpha Returns")


3 November 2017


Disposal of a 5% interest in Telistar Solutions Pte Ltd


Alpha Returns, is pleased to announce the sale by its wholly owned investment vehicle ARGP Investments Limited ("ARGPI") of 5 per cent. interest in Telistar Solutions Pte Ltd ("Telistar") to Future Ventures Corporation ("FVC"), under an agreement dated today. FVC is a newly formed company founded by Singaporean entrepreneur, Lim Hui Jie, who was the chief executive officer of Australia-listed technology company, Digimatic Group, until March 2017. Consideration is US$600,000, payable in convertible loan notes ("CLNs") of FVC.


The CLNs will have a maturity of 2 years and be secured against the 5 per cent. interest in Telistar. ARGPI will have the option to convert the CLNs into ordinary shares of FVC at US$0.20 per share at any time up to maturity. Furthermore, ARGPI will have a call option on the 5 per cent. interest in Telistar exercisable at any time between 1 July 2019 to 30 September 2019, with the call option price payable by the return of the CLNs to FVC. The call option shall automatically lapse should a) FVC completes a firmly underwritten IPO of its shares at no less than US$0.30 per share, or b) FVC be acquired by a public listed company at no less than US$0.30 per share. If not converted or returned, the CLNs shall be redeemed at maturity with interest of 3 per cent. per annum.


Completion is scheduled to take place on 10 November 2017 ("Completion").


After the sale of 5 per cent. interest in Telistar, ARGPI will continue to hold a 47.5 per cent. interest. Upon Completion, Alpha Returns will no longer consolidate Telistar into Group Accounts, and instead will hold its 47.5 per cent. interest in Telistar at its book value at the time of completion. As at 30 June 2017, the book value of the Alpha Returns' 52.5 per cent. interest in Telistar was £955,000. For the year ended 31 December 2016, Telistar made an audited net profit after tax of S$384,000 on revenue of S$5,215,000.


In addition to Telistar, the Company's investment portfolio includes a 30% investment in PRC based Maxlife, and a 6.67% investment in Singapore based New Trend Lifestyle Group plc (AIM: NTLG).


As noted in the announcement of 18 October 2017, the Board of Directors has made the decision to refocus on investments within the technology sector, especially in Fintech with the broadening of geographical focus to include other parts of the World including Europe. Accordingly, a circular will shortly be sent to Shareholders seeking their approval for a revised Investing Policy. It is also the Board's intention to appoint in due course an additional UK-based non-executive director to support the revised Investing Policy.


This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.




For further information:


Alpha Returns Group plc

Christopher Neo

Executive Director

020 3286 6388

Beaumont Cornish Limited (Nomad)

Roland Cornish/Rosalind Hill Abrahams

0207 628 3396

Peterhouse Corporate Finance (Broker) 

Duncan Vasey/Lucy Williams

020 7220 9797


This information is provided by RNS
The company news service from the London Stock Exchange

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