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Issue of Equity and Total Voting Rights

  Download PDF - Friday 29th June 2012 at 13:31

ALPHA PROSPECTS PLC
("Alpha" or the "Company")

ISSUE OF EQUITY AND TOTAL VOTING RIGHTS

Alpha Prospects is pleased to announce that it has participated in a placing of RAM Active Media Plc, the AIM listed media investment company ("RAM"). RAM has raised a total of GBP1,732,375 comprising of, GBP632,375 in cash, GBP600,000 in capital commitments and GBP500,000 worth of shares as part of a share for share exchange with Alpha at a price of 1p per share ("Share Exchange").

As part of the Share Exchange, 50,000,000 ordinary shares were issued to Alpha by RAM to acquire 22,222,222 new ordinary shares in Alpha. The Alpha new ordinary shares were issued at a price of 2.25p.

Tim Baldwin, Executive Chairman of RAM is also a director and shareholder of Alpha. Tim Baldwin excluded himself from discussions on this Share Exchange with RAM. Alpha now holds 52,529,324 ordinary shares representing 11.83% of the issued share capital of RAM. RAM now holds 25,643,012 ordinary shares representing 12.45% of the issued share capital of Alpha. Tim Baldwin now holds directly and indirectly, 28.37% of the issued share capital of Alpha.

In accordance with the FSA's Disclosure and Transparency Rules, the Board of Alpha Prospects Plc confirms that the Company has 205,982,246 shares of 0.5p in issue carrying voting rights.

This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

The Directors of the Issuer accept responsibility for the contents of this announcement.

Enquiries:

ALPHA PROSPECTS PLC Christopher Foster +44 207 518 4300
RIVINGTON STREET CORPORATE FINANCE Fungai Ndoro +44 207 562 3373