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 further to its announcement of 5th November 2013 regarding the purchase of a 30% share stake in Derlite, an electronics manufacturing company based in Thailand, all the financial commitments to Active Energy Plc, a pioneering business providing biomass and woodchip to the European market, have been completed and Alpha has issued a total of 12,241,863 Ordinary Shares to Active Energy Plc.
The shares have been issued at a price of 2.5p and replace the �300,000 of Unsecured Loan Notes 2016 which was announced at the time. The total number of shares issued includes a share swap of 2 million Active Energy Plc shares.
Also, Alpha announced on the 9th May 2014 that it was taking a 9.9% interest in Orange Corporate Finance Ltd with the shareholding valued at �30,000. The payment being made by the issue of 1,200,000 of Alpha shares at 2.5p. All the legal agreements have now been completed and the shares duly issued.
Following the above transactions the total number of Ordinary Shares now in issue is 274,557,442.