ALF Group Holdings AG – Proposed Dividend for Fiscal Year 2010
(firmenpresse) -
ALF Group Holdings AG – Proposed Dividend for Fiscal Year 2010
Zurich (Switzerland), 20th October 2010 – The Directors of ALF Group Holdings AG (ALF) are pleased to confirm that based on the year to date 2010 earnings of approx. Euro 6.4 million (refer to the ALF announcement dated 19Th October 2010), ALF proposes to pay a dividend of not less than Euro 3 cents per share (based on the revised shares on issue post the reverse split after the EGM on 9th November 2010).
The dividend will be paid subject to shareholders approval at the next Annual General Meeting (AGM) of ALF, which will be held in the first quarter of 2011. The Directors reserve the right to increase the proposed dividend amount should 4th quarter earnings meet or exceed projections.
Dividend reinvestment program:
The Directors have determined that a dividend re-investment scheme is to be established. This will allow shareholders to take their dividends as either cash or to acquire further shares in ALF at attractive prices. The Directors will set the issue price for the 2010 Dividend Reinvestment shares at CHF 1.
Kingsley Finance Co. Limited, ALF’s major shareholder, has advised the Directors that they:
- will fully subscribe to the dividend re-Investment scheme for the proposed dividend i.e. they will take shares instead of cash and
- will support the resolution for the payment of the above dividend at the AGM.
About ALF Group Holdings AG
ALF Group Holdings AG (ALF) wholly owns ALF Group Pty Ltd and its subsidiaries, which includes one of Australia’s largest litigation funders, and a corporate restructuring services company which also provides funding and debt and equity solutions. It is also an acquirer and developer of distressed assets.
To view:
- 2010 Interim Report: http://www.alfgroupag.com/media/documents/Interim_Report.pdf
- Audited Accounts to 30Th June 2010:
http://www.alfgroupag.com/media/documents/img-8131755-0001_pdf.pdf
- Some of ALFs projects:
http://www.alfgroupag.com/projects/australia/alf-property-1-pty-ltd.html
For further information please contact:
ALF Group Holdings AG
Level 29, Chifley Tower
2 Chifley Square
Sydney, NSW 2000
Australia
Telephone +61-2-9293-2500
Fax +61-2-9293-2930
Website: www.alfgroupag.com
E-mail: info(at)alfgroupag.com
Legal Disclaimer
This press release contains forward-looking statements based on beliefs of ALF management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of ALF Group Holdings AG as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. ALF disclaims any intention or obligation to update these forward-looking statements.
Leseranfragen:
Can Can Lingerie Holding AG
HEAD OFFICE
77-79 Anzac Parade
Kensington, 2033
Sydney, NSW, Australia
Ph: 02 9663 2842
Fax: 02 9663 2638
Email: reception(at)cancan.com.au
Datum: 20.10.2010 - 08:55 Uhr
Sprache: Deutsch
News-ID 25907
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Town:
Wien
Kategorie:
Business News
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