ALF Group Holdings AG - Clarification of Authorized Shares and Shares on Issue
(firmenpresse) -
ALF Group Holdings AG - Clarification of Authorized Shares and Shares on Issue
Zurich 20th September 2010 - The Directors of ALF Group Holdings AG (ALF) would like to confirm the following:
1. ALF has 177,500,000 Authorized shares.
2. Included in the above were 32.5M shares that were open for subscription at CHF .01. These were subscribed for as follows:
- ALF shareholders have applied for and will be issued with 762,608 shares with payment due by 30th September.
- Kingsley Finance Limited have subscribed to take up the remaining balance of these shares (31,737,392) and pay in the CHF .01 per share under an agreement that Kingsley will hold these shares and not sell any of these shares under Euro .10, after which Kingsley will recoup CHF .015 per share and all surplus funds generated will be paid to ALF.
Kingsley is committed to ALF having the required free cash to meet acquisitions and investments planned by ALF.
3. Consistent with the agreement by ALF to acquire the remaining 50% of ALF Group Pty Ltd, ALF will issue 53m x CHF 1 shares.
In summary the current situation is:
- Authorized Shares - 177,500,000
- Currently listed Shares: 65,000,000
Please note:
(i) the shares included in 2 above (32.5M) are not yet listed
(ii) the shares authorized to pay for the first 50% of ALF Group Pty Ltd (80M ALF shares) are not yet listed
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 and currently has projects with an end value of over AUD $400M under contract.
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
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
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Datum: 20.09.2010 - 14:34 Uhr
Sprache: Deutsch
News-ID 25277
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Town:
Wien
Kategorie:
Business News
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