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Increased Holding in Derlite

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

("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."


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.