ALF Group Holdings AG – Shareholder Letter
(firmenpresse) -
ALF Group Holdings AG – Shareholder Letter
Zurich (Switzerland), 26th October 2010 – The Directors of ALF Group Holdings AG (ALF) are pleased to publish the below open letter to Shareholders.
"Dear Shareholders
The Directors of ALF wish to summarise the Company’s reform progress since the last report.
ALF has:
-for some time signaled its intention to move the company’s listing to the Regulated Market.
-for some time attempted to restructure the company’s share structure and position the company for its move to the Regulated Market.
-signaled that it intends to and now has started its expansion into the USA and Germany.
Our current goals and objectives are to:
•Complete reverse split
•Sign a sponsoring agreement with a Bank to sponsor the company’s move to the Regulated Market
•Have a prospectus approved by regulator
•Prepare a prospectus for a Pre NASDAQ listing
•Appoint brokers to represent the company in raising capital
•Dual list the company in the USA on NASDAQ
•Have shares placed with a market maker and or brokers in USA
These tasks have been progressively managed by our lawyers, auditors and key staff over a number of months and are moving towards completion.
Once the reverse split has been approved, this clears the way for the company to finalize the prospectus for both the German and USA IPO. The company is well advanced and will be conducting meetings over the next two weeks in Frankfurt with sponsoring banks.
The company has projects under contract in both Australia and the USA and these projects currently have estimated profits of over USD 80m dollars, which are expected to flow through to the company over the next three years.
The company also has a number of large projects currently under negotiation.
The capital raising will be undertaken initially by way of issuing a quantity of pre IPO shares (Germany) and thereafter by completing the USA IPO.
Pre IPO shares will be available to existing shareholders who can demonstrate that they are professional investors. Enquiries can be directed to info(at)alfgroupag.com
With regards to the currently proposed Share Reverse Split, the Directors wish to confirm that they have attempted to ensure that shareholder value be maintained for shareholders whose shares will be subject to the reverse split.
To give some clarity to shareholders ,please see the below examples for existing shareholders:
Reverse Split:
Say a shareholder currently owns 100,000 shares.
After the Reverse split these become 1,000 shares.
Free Shares:
This shareholder will receive 2000 free shares from Kingsley ( 2 free shares for each post reverse split share owned), so that this shareholder will now own 3,000 new shares.
Exercise of Subscription Rights:
Plus,this shareholder also has the right to buy 5 additional shares at CHF 1 each (approx Euro 3.50 euro for 5 shares) for each post Reverse split share owned, so in the above example they have the right to buy an additional 5,000 shares at CHF 1.00 each.
If the above shareholder example then exercise their rights and purchase 5 new additional shares for each share owned, then at this point the shareholder will own 8,000 shares ( 1,000 reverse split shares, 2,000 free shares and the 5,000 subscription shares).
Exercise of Options:
Plus, shareholders that subscribe for shares under the subscription rights also receive one option for each share subscribed for.
So using the above example, where the shareholder has purchased their full entitlement of 5,000 shares AND they exercise their option (at anytime before 30/12/2012) then they will be purchasing an additional 5,000 shares taking their total shareholding to 13,000 shares ( 8,000 plus 5,000).
Example of shareholder values:
The above example shareholder that currently owns 100,000 CHF .01 shares and who subscribes for their full entitlements and options will then own 13,000 new CHF 1.00 shares.
The below examples assume 3 different purchase prices for the current CHF .01 shares and various market prices(all prices in Euros).
Example 1: purchase price per existing CHF .01 share of .03 cents
Share Portfolio Original Share PortfolioPortfolio
PricevaluePurchase PriceCostProfit
Euro 113,000.0310,000 3,000
Euro 226,000.0310,00016,000
Euro 339,000.0310,00029,000
Euro 3.5045,500.0310,00035,500
(USD$5)
Example 2: purchase price per existing CHF .01 share of .07 cents
Share Portfolio Original Share PortfolioPortfolio
PricevaluePurchase PriceCostProfit
Euro 113,000.0714,000(1,000)
Euro 226,000.0714,00012,000
Euro 339,000.0714,00025,000
Euro 3.5045,500.0714,00031,500
(USD$5)
Example 3: purchase price per existing CHF .01 share of .10 cents
Share Portfolio Original Share Portfolio Portfolio
PricevaluePurchase PriceCostProfit
Euro 113,000.1017,000(4,000)
Euro 226,000.1017,0009,000
Euro 339,000.1017,00022,000
Euro 3.5045,500.1017,00028,500
(USD$5)
The Directors of ALF look forward to reporting further progress to our Shareholders and look forward to the trading period ahead.
Regards
The Board of Directors
ALF Group Holdings AG”
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 statemen
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Datum: 27.10.2010 - 08:51 Uhr
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