Increased Holding in Derlite
Alpha Prospects Plc, the investment management company listed on the GXG Exchange, focussed on companies with fast growth and/or recovery prospects, is pleased to announce that it has increased its holding in Derlite, an electronics manufacturing company based in Thailand, by 2.63% to 31.84%.
The consideration of £75,000 has been satisfied by the issue of 3 million Ordinary Shares at 2.5p
Following the above transactions the total number of Ordinary Shares now in issue is 277,557,442.
Kevin Baker, Managing Director of Derlite stated:
“Derlite revenues for the first six months of this year have increased some 30% over the same period last year, margins have also improved. Derlite has recently won substantial new business with a major Mexican based stove manufacturer and so we expect this revenue growth to be sustained. We are pleased to have the additional support from Alpha. ”
Christopher Foster, Chief Executive, Alpha Prospects PLC, commented:
“I am very pleased that Alpha has been given the opportunity to increase its shareholding in Derlite. Derlite is a company with huge potential and we are optimistic that it can continue to build upon its international `blue chip’ client base.”