Communicators
are winners!
News
11.05.2011
ALF Group Holdings AG: Update - Draw Down of Funds, Share Buy Back and Bonus Share Distribution
ALF Group Holdings AG: Update - Draw Down of Funds, Share Buy Back and Bonus Share Distribution
Zurich –11th May 2011 -The Directors of ALF Group Holdings AG (ALF) wish to confirm that ALF have paid the fees due as a pre condition to the draw down of funds from the USA Investment Fund, details of which have been previously announced. For more details we refer to the press release issued on April 26, 2011.
ALF expectsto finalise the documentation by the end of this week.
The Directors are however concerned about drawing down funds with the share price of ALF at current levels. Kingsley Finance Limited, ALF’s largest shareholder, has advised ALF that, whilst they hold or control currently over 90% of the shares currently on issue, they have agreed to fund the company’s on market share buyback.
Documentation is being finalized and the buyback is expected to commence next week.
The free Bonus share transfer request will be sent to ALF’s bank for processing today. Shareholders will be emailed and we provide the response email address bonussharesubscription@alfgroupag.comto those shareholders who still have questions or unresolved items relating to the free Bonus shares.
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 +61-2-9293-2500Fax +61-2-9293-2930
Website: www.alfgroupag.comE-mail: info@alfgroupag.com
max. Equity Marketing GmbH
Marienplatz 2, 80331 Munich, Germany
Telephone +49 89 1392889 0Fax +49 89 1392889 29
Website: www.max-em.deE-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.
Zurich –11th May 2011 -The Directors of ALF Group Holdings AG (ALF) wish to confirm that ALF have paid the fees due as a pre condition to the draw down of funds from the USA Investment Fund, details of which have been previously announced. For more details we refer to the press release issued on April 26, 2011.
ALF expectsto finalise the documentation by the end of this week.
The Directors are however concerned about drawing down funds with the share price of ALF at current levels. Kingsley Finance Limited, ALF’s largest shareholder, has advised ALF that, whilst they hold or control currently over 90% of the shares currently on issue, they have agreed to fund the company’s on market share buyback.
Documentation is being finalized and the buyback is expected to commence next week.
The free Bonus share transfer request will be sent to ALF’s bank for processing today. Shareholders will be emailed and we provide the response email address bonussharesubscription@alfgroupag.comto those shareholders who still have questions or unresolved items relating to the free Bonus shares.
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 +61-2-9293-2500Fax +61-2-9293-2930
Website: www.alfgroupag.comE-mail: info@alfgroupag.com
max. Equity Marketing GmbH
Marienplatz 2, 80331 Munich, Germany
Telephone +49 89 1392889 0Fax +49 89 1392889 29
Website: www.max-em.deE-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.