🕐16.12.10 - 09:27 Uhr

ALF Group Holdings AG – Reverse Split takes place tomorrow



ALF Group Holdings AG – Reverse Split takes place tomorrow Zurich - 16th December 2010 - The Directors of ALF Group Holdings AG (ALF) have received notification that the previously announced reverse split will be finalised tomorrow, Friday 17th December.

It is expected that the old shares will be automatically removed from accounts at the close of trade on Friday 17th December and that the new shares will be credited into each account overnight. As previously announced Kingsley Finance Co Limited (Kingsley) has agreed to conditionally provide two 1CHF shares for each new 1 CHF share that shareholders receive in the reverse split, subject to certain conditions. Kingsley have advised that shareholders will be required to complete and return an application form together with holding statements the day before the reverse split and another 5 working days after the reverse split, showing the number of shares held by the shareholder.

This will allow for any purchases made up to and including the day of the reverse split to be credited to shareholders accounts. Shareholders are advised that the amount of free shares initially provisioned by Kingsley will be determined by the number of shares held 5 days after the split.

The agreement will be available on the ALF website the day after the reverse split has taken place.

We encourage shareholders who wish to take up the free share offer to refrain from selling any shares after the reverse split before reading the offer conditions.

Note any breach of the terms and conditions set down by Kingsley may reduce the number of shares an individual shareholder may have been entitled to! Please note that the day following the conclusion of the reverse split we will publish direct links both in German and in English to the terms and conditions and the subscription agreement.
About ALF Group Holdings AG ALF Group Holdings AG (ALF) wholly owns ALF Group Pty Ltd and its subsidiaries, which includes one of Australia’s largest litigation funders, and a corporate restructuring services company which also provides funding and debt and equity solutions.

It is also an acquirer and developer of distressed assets. For further information please contact: ALF Group Holdings AG Level 29, Chifley Tower 2 Chifley Square Sydney, NSW 2000 Australia Telephone +61-2-9293-2500 Fax +61-2-9293-2930 Website: www.alfgroupag.com E-mail: Legal Disclaimer This press release contains forward-looking statements based on beliefs of ALF management.

When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements.

Such statements reflect the views of ALF Group Holdings AG as of the date made with respect to future events and are subject to risks and uncertainties.

Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy.

ALF disclaims any intention or obligation to update these forward-looking statements.
NEWSLETTER REGISTRIERUNG: Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach: http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0044678180 Mitteilung übermittelt durch IRW-Press.com.

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