ALF Group Holdings AG – Timetable for Reverse Split
(firmenpresse) - ALF Group Holdings AG – Timetable for Reverse Split
Zurich (Switzerland), 2nd November 2010 – The Directors of ALF Group Holdings AG (ALF) have been made aware of the publication of a note by the Xetra Newsboard stating that the last trading day for the current CHF .01 nominal capital shares in ALF that will be subject to a reverse split will be 2nd of November.
ALF have been informed that some shareholders may have received a similar notice from their own holding bank stating the same.
The Directors wish to confirm that this information has not been issued by ALF and that this information is incorrect.
With regards to the reverse split, the Directors wish to confirm that ALF has received a substantial number of emails of support from shareholders, which is reassuring during this intensive process.
Below please find the current timeline for the issue and receipt of CHF 1.00 shares.
-9th of November EGM - If all resolutions are approved then:
-The auditor executes a document that confirms that the resolutions are acceptable to the auditor. In this regard, we have been working with the auditor and have supplied all necessary documents. We expect this document will be available on the 10th November.
-10th of November - submit the necessary documents to the Swiss Trade Registrar. Allow 7 days for all documents to be accepted and entered into the Trade Register.
-18th of November - Directors execute new share certificate and the Company submits new share certificate with its sponsoring bank. Allow 7 days for the bank to issue all capital increase shares.
-The sponsoring Bank will contact all shareholders banks and facilitate reverse split.
The expected last week of trading of current CHF .01 shares is the week ending 26th November 2010. It is expected that the new CHF 1.00 shares will start trading in the morning following the last trading of the CHF .01 shares.
Further, we are pleased to advise that our move to the Prime Standard has progressed and we are expecting to lodge our prospectus for a move to the Prime Standard by the end of 2010.
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
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Datum: 02.11.2010 - 09:15 Uhr
Sprache: Deutsch
News-ID 26145
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Wien
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