ALPHA PROSPECTS PLC
(“Alpha” or the “Company”)
Result of Warrant Subscription
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 the result of the warrant subscription completed on the 6th March 2015.
A total of 8,746,381 warrants were exercised at 0.5p per share, compared to 3p, which is the last traded price of the Ordinary Shares, raising a total of £43,732.
In addition £21,087 of Convertible Loan Notes was converted at 2.5p and as a result a further 843,500 New Ordinary Shares were issued.
Christopher Foster (CEO) exercised 4,850,000 warrants taking his shareholding to 43,650,000 shares which represents 15.2% of the enlarged share capital of the Company.
Following the above share issues, the Company’s enlarged issued share capital will comprise 288,110,977 Ordinary Shares with voting rights. The Company does not hold any shares in treasury. The figure of 288,110,977 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.