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Warrant Issue Result and Exercise Period Extension

  Download PDF - 05th July 2016

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.

Company website: http://www.alphaprospectsplc.com

Enquiries:

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

Lothbury Financial Services
Michael Padley
+44 20 3290 0707

Editors’ Note

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 8 investments.

The Directors are responsible for the contents of this announcement.