ALPHA PROSPECTS PLC
(“Alpha” or the “Company”)
Warrant Issue Result and Exercise Period Extension
CEO increases shareholding
Alpha Prospects Plc, the investment management company focussed on companies with fast growth and/or recovery prospects, is pleased to announce that 2,345,905 warrants were exercised at the first closing date of the 24th June.
However, due to the paralysis of the financial markets prior to the Brexit referendum the Alpha Board has decided to extend the warrant period to 31 August 2016. This will allow shareholders to appraise the progress the Company has made regarding Tasmanian Oil and Gas Australia Limited, and the proposed merger, previously announced on 20th May 2016.
The Company has also been informed today that Christopher Foster, Chief Executive Officer, has acquired a further 3,293,000 shares; taking his holding to 79,023,612, representing 24.2% of the issued share capital.
The total number of shares in issue is now 326,648,474.