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08.04.2011
ALF GROUP HOLDINGS AG: Information on the Release of Bonus Shares to Shareholders
ALF GROUP HOLDINGS AG: Information on the Release of Bonus Shares to Shareholders
Zurich - 7 April 2011: In December 2010, Kingsley Finance Co Limited (Kingsley), ALF Group Holdings AG (ALF) largest shareholder, offered to provide shares in ALF to shareholders who had been early and continuing supporters of ALF. These shares are provided by Kingsley, from their existing equity in ALF and at no cost to either shareholders or ALF.
More than 3.2 million shares were transferred into the account of ALF (go to the internet at http://www.alfgroupag.com/media/documents/ALF_Kingsley_Shares.pdf), as a further gesture of goodwill and on trust, pending the final terms of the offer, which included complying shareholders submitting various documents, including holding statements at various times. The full details of the offer from Kingsley were released on December 22, 2010 (go to the website: http://www.alfgroupag.com/media/documents/Terms_Conditions_Application-E.pdf ). The final condition was the receipt of holding statements as at a given date.
We now invite all complying shareholders to submit their holding statements as at March 31, 2011 by either:
- E Mail to: bonussharesubscription@alfgroupag.com
- or Fax to : +61-2-9293-2930
With regards to the application process in general, we wish to advise that, in the opinion of the company, the offer has been an overwhelming success with over 600 shareholders applying for the free Bonus shares, which by far exceeded our expectations. Unfortunately, the number of applications and the manual process of review have caused some delays in finalizing all applications. Causes of delay included shareholders emailing applications both in part and resending the same on multiple occasions, some were partly unreadable. Comprehensive follow up requests are necessary.
The current situation is this:
1. All applications will be processed in the order that they are received.
2. If all information is supplied, then a transfer request will be sent to our bank, Basler Kantonal Bank, requesting that the transfers be made.
3. For those applications where not all information is supplied, e.g. bank account details, we will be in contact with you to request any necessary details again.
ALF understand the importance of finalizing the transfers in a timely manner and will endeavor to complete the task as quickly as possible. Please note that transfers are only able to be ordered once we have received and checked full and correct information from each shareholder. After notification to our bank, it will take up to 8 weeks for shares to be received into investors’ accounts.
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.
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@alfgroupag.com
max. Equity Marketing GmbH
Maximilian Fischer, Marienplatz 2, 80331 Munich, Germany
Telephone +49 89 1392889 0 Fax +49 89 1392889 29 Website: www.max-em.de E-mail: m.fischer@max-em.de
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.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0121325671">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0121325671</a>
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Zurich - 7 April 2011: In December 2010, Kingsley Finance Co Limited (Kingsley), ALF Group Holdings AG (ALF) largest shareholder, offered to provide shares in ALF to shareholders who had been early and continuing supporters of ALF. These shares are provided by Kingsley, from their existing equity in ALF and at no cost to either shareholders or ALF.
More than 3.2 million shares were transferred into the account of ALF (go to the internet at http://www.alfgroupag.com/media/documents/ALF_Kingsley_Shares.pdf), as a further gesture of goodwill and on trust, pending the final terms of the offer, which included complying shareholders submitting various documents, including holding statements at various times. The full details of the offer from Kingsley were released on December 22, 2010 (go to the website: http://www.alfgroupag.com/media/documents/Terms_Conditions_Application-E.pdf ). The final condition was the receipt of holding statements as at a given date.
We now invite all complying shareholders to submit their holding statements as at March 31, 2011 by either:
- E Mail to: bonussharesubscription@alfgroupag.com
- or Fax to : +61-2-9293-2930
With regards to the application process in general, we wish to advise that, in the opinion of the company, the offer has been an overwhelming success with over 600 shareholders applying for the free Bonus shares, which by far exceeded our expectations. Unfortunately, the number of applications and the manual process of review have caused some delays in finalizing all applications. Causes of delay included shareholders emailing applications both in part and resending the same on multiple occasions, some were partly unreadable. Comprehensive follow up requests are necessary.
The current situation is this:
1. All applications will be processed in the order that they are received.
2. If all information is supplied, then a transfer request will be sent to our bank, Basler Kantonal Bank, requesting that the transfers be made.
3. For those applications where not all information is supplied, e.g. bank account details, we will be in contact with you to request any necessary details again.
ALF understand the importance of finalizing the transfers in a timely manner and will endeavor to complete the task as quickly as possible. Please note that transfers are only able to be ordered once we have received and checked full and correct information from each shareholder. After notification to our bank, it will take up to 8 weeks for shares to be received into investors’ accounts.
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.
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@alfgroupag.com
max. Equity Marketing GmbH
Maximilian Fischer, Marienplatz 2, 80331 Munich, Germany
Telephone +49 89 1392889 0 Fax +49 89 1392889 29 Website: www.max-em.de E-mail: m.fischer@max-em.de
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.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0121325671">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0121325671</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.