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News
30.08.2011
ALF Group Holdings AG – Take Over Update.
ALF Group Holdings AG – Take Over Update.
Sydney 30th August 2011 – ALF Board wish to confirm issues that have been circulating Blog sites which are profoundly untrue .
1. That Kingsley will take the 1st option thereby reducing other shareholders ability to accept option 1
Answer , Kingsley , BFT Custodians , James Byrnes have all confirmed that they will take up option 2 for the full share entitlement
2. That The offer has not been formalised
Answer , Today James Byrnes has confirmed with company’s sponsoring bank they have received the offer for distribution and are simply waiting on procedural and compliance issues before distributing to shareholders
3. That it takes 1 year to list a company on the Australian Stock exchange
Answer , truly complicated listing can cause delays , however a straight forward listing can be achieved in 90 days provided all the supporting evidence for the regulator is available , www.whittens.com.au are the company’s lawyers and have an impressive record in listings
4. That the company will not have the cash to pay shareholders who accept option 1
Answer , The company is planning to raise cash at IPO , sufficient amount of capital sought has been underwritten to meet the required payment out to shareholders
5. Further the Australian company has 2 agreements in place that will provide over 10m in Ebit in 2012 which more than underpins the Australian share price
6. The Austrian company has a memorandum of understanding with a Litigation funder with a significant track record and excellent staff and a significant work load to merge into ALF should ALF be able to raise sufficient cash at IPO to fund 2012 litigation funding matters for the takeover target
7. ALF Finance and Investments in conjunction with Kingsley Finance co Limited has proposed to establish a REIT with a major development partner , this REIT is subject to an indicative offer of finance of $220m AUD from a Top 4 Australian Bank , ALF share should the matter proceed to close is $20m in units in the REIT , with an estimated annuity income of $1.5m per year to ALF with a substantial upside to capital appreciation of the Units
Alf Group Holdings AG
Level 29, Chifley Tower 2
Chifley Square
Sydney NSW 2000
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Sydney 30th August 2011 – ALF Board wish to confirm issues that have been circulating Blog sites which are profoundly untrue .
1. That Kingsley will take the 1st option thereby reducing other shareholders ability to accept option 1
Answer , Kingsley , BFT Custodians , James Byrnes have all confirmed that they will take up option 2 for the full share entitlement
2. That The offer has not been formalised
Answer , Today James Byrnes has confirmed with company’s sponsoring bank they have received the offer for distribution and are simply waiting on procedural and compliance issues before distributing to shareholders
3. That it takes 1 year to list a company on the Australian Stock exchange
Answer , truly complicated listing can cause delays , however a straight forward listing can be achieved in 90 days provided all the supporting evidence for the regulator is available , www.whittens.com.au are the company’s lawyers and have an impressive record in listings
4. That the company will not have the cash to pay shareholders who accept option 1
Answer , The company is planning to raise cash at IPO , sufficient amount of capital sought has been underwritten to meet the required payment out to shareholders
5. Further the Australian company has 2 agreements in place that will provide over 10m in Ebit in 2012 which more than underpins the Australian share price
6. The Austrian company has a memorandum of understanding with a Litigation funder with a significant track record and excellent staff and a significant work load to merge into ALF should ALF be able to raise sufficient cash at IPO to fund 2012 litigation funding matters for the takeover target
7. ALF Finance and Investments in conjunction with Kingsley Finance co Limited has proposed to establish a REIT with a major development partner , this REIT is subject to an indicative offer of finance of $220m AUD from a Top 4 Australian Bank , ALF share should the matter proceed to close is $20m in units in the REIT , with an estimated annuity income of $1.5m per year to ALF with a substantial upside to capital appreciation of the Units
Alf Group Holdings AG
Level 29, Chifley Tower 2
Chifley Square
Sydney NSW 2000
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.