Latest News

Working with intelligent research investment team

 

Investment in Redford Day, LLC - issue of equity

  Download PDF - 2nd August 2019

Alpha Prospects Limited
("Alpha" or the "Company")

Investment in Redford Day, LLC - issue of equity

Alpha Prospects Limited, the UK investment company, announces that the Company has agreed to acquire a further stake in Redford Day LLC, a US investment company, which we first invested in in 2017.

The parties have agreed that Alpha will subscribe for an ownership interest in Redford Day, LLC and the subscription price to be paid by Alpha will be the sum of US$500,000 (£413,223) to be satisfied by the issue of 7,513,148 new Alpha Ordinary Shares in the capital of Alpha at a price of 5.5 pence per share. Following the transaction Alpha Prospects will have approximately a 3.3% holding in Redford Day, LLC and Redford Day, LLC will hold approximately 3.8% of Alpha Prospects issued share capital.

Redford Day, LLC is a firm focused on serving the comprehensive needs of early stage businesses.  With a core staff of experienced professionals and a team approach, Redford Day, LLC is able to offer a more balanced and comprehensive quality service. Each of the team members has a variety of areas of expertise in a particular discipline, including finance, sales and marketing, technology, management, operations, and human resources.

Specific specialties include; business and marketing plan preparation, capital search and procurement, management development, human resources advisory and taking on active executive roles in your company on a short term consultative basis.

Redford Day, LLC has a focus on start-up businesses, preferably in the early stages of operation.  Though small and mid-sized businesses make up a sizable majority of U.S. and international markets, Redford Day, LLC prefers to establish a relationship with a younger operation and continue to nurture that relationship over the long term.

Following this issue Alpha now has a total of 377,916,909 Ordinary Shares in issue. This figure of 377,916,909 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

Enquiries:

Alpha Prospects
Christopher Foster
+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 11 investments.

Company website:www.alphaprospectsplc.com

The Directors are responsible for the contents of this announcement.