ALF Group Holdings AG – Final Swap Ratio 3:1 and Segment Change
(firmenpresse) -
ALF Group Holdings AG – Final Swap Ratio 3:1 and Segment Change
Sydney, Australia 29th July 2010 - ALF Group Holdings AG (AG1) is pleased to confirm the final share swap ratio is 3 existing 0.01 CHF shares into 1 new share with a nominal value of 1.00 CHF.
As previously announced, the board of Directors will issue a new class of ALF Group shares with a nominal value of 1.00 CHF, and an issue price of 1.00 CHF, which will replace the existing 0.01 CHF shares and will be listed on the Frankfurt Stock Exchange. Official notification (an invitation to attend) for the EGM on the 6th of August 2010 can be found on the Swiss Official Gazette (www.shab.ch). Based on existing shareholders confirmations as to voting, all resolutions will be passed. The company expects to have 230,000,000 shares with a nominal value of 1.00 CHF listed post swap.
Based on a nominal value of 1.00 CHF per new share (approximately 0.75 Euro), a share swap rate of 3 -1 implies that the old shares have a value of 0.25 Euro per existing AG1 share ie 0.75 Euro / 3 = 0.25 Euro. The Directors are convinced that this reflects fair value based on the company’s valuation, retained earnings, net tangible asset backing and analysts estimates.
After the EGM and assuming that the appropriate resolution is passed, the company will immediately seek to have the new 1.00 CHF shares registered and available to be listed on the Frankfurt Stock Exchange. As soon as the new 1.00 CHF shares are able to be quoted the company will start the process to remove the current 0.01 CHF shares from official quotation. Existing shareholders will be given a set time to enable the smooth transfer of their ‘old’ shares to ‘new’ shares.
Further, AG1 has engaged Landgraf Schneider Rechtsanwaelte PartG based in Frankfurt to provide legal services in respect of the segment change of ALF Group Holdings AG to the Prime Standard at the Frankfurt Stock Exchange. The lawyers will now prepare a prospectus and coordinate the necessary steps.
About ALF Group Holdings AG
ALF Group Holdings AG (AG1) 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 of distressed assets.
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.cancanholdings.com
eMail: info(at)alfpl.com
public eye CONSULTING BUSCHE
Karsten Busche
Managing Director
Tel.: +49 30 43 05 89 22
eMail: info(at)publiceye-consulting.com
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: 29.07.2010 - 11:36 Uhr
Sprache: Deutsch
News-ID 24508
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Town:
Wien
Kategorie:
Business News
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