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Increased Holding in Derlite

  Download PDF - Friday 8th August 2014 at 09:50 GMT

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

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."

Enquiries:

Alpha Prospects PLC
Christopher Foster
+44 20 7518 4300
+44 (0) 7525 688 741

Lothbury Financial Services
Michael Padley
+44 20 3440 7620

About Alpha Prospects

The Company's strategy is to make investments in companies with fast growth and /or recovery prospects. Typically the companies in which Alpha Prospects will invest are in the small and micro-cap sector and the Company's interest in its investments is proactive. Currently Alpha has 10 investments.

The Directors are responsible for the contents of this announcement.