DLM Digital Learn.

 
TIDMARGP 
 
   Alpha Returns Group plc 
 
   (the "Company" or "Alpha Returns") 
 
   14 September 2015 
 
   Investment Update 
 
   Riche Bright Securities Limited ("RB Securities") (formerly MY 
Securities Limited) 
 
   Alpha Returns, the AIM traded investing company focussing on investments 
in high-growth Asian economies, is pleased to provide the following 
update on  RB Securities, a member firm of the Stock Exchange of Hong 
Kong Limited (formerly MY Securities Limited ("MYS") and recently 
renamed) which is a wholly owned subsidiary of the Company's 70 per 
cent. owned joint-venture investment vehicle Riche Bright Group Limited 
("Riche Bright"). 
 
   On 29 January 2015 the Company announced that trading at RB Securities 
had significantly improved since Riche Bright completed its acquisition 
on 7 August 2014, with unaudited management accounts for the 9 month 
period to 31 December 2014 showing a return to profitability on 
significantly increased commission income. The Company is now pleased to 
update that the improved trading of RB Securities has continued into the 
first quarter of 2015 with audited annual accounts for RB Securities' 
year ended 31 March 2015 showing pretax profits of HK$5.356m (2014: 
losses HK$ 0.554m) on commission fee income of HK$12.450m (2014: HK$ 
1.995m) and a profit after tax of HK$4.916m (2014: losses HK$ 0.554m). 
The directors of RB Securities have also declared and paid a dividend of 
HK$1 million (GBP83,000). 
 
   Commission fee income included HK$8.597m (2014: Nil) with Sze Thye Group 
Limited  ("Sze Thye"), of which HK$8.25m (approx. GBP655,000) was after 
the Riche Bright acquisition of MYS and HK$2.48m (approx. GBP197,000) in 
2015. Commission on Sze Thye trades through RB Securities was charged at 
a minimum rate of 0.125% of the total value of transactions, in 
accordance with the terms of the client agreement between MYS and Sze 
Thye dated 28 March 2014, as amended in May 2014. Sze Thye is a 
substantial shareholder in the Company with 28.04 per cent. of the 
Company's issued ordinary share capital. The directors of Alpha Returns 
(all of whom are independent of Sze Thye), having consulted with the 
Company's nominated adviser, consider that the terms of the client 
agreement between MYS and Sze Thye, and hence the terms of all 
individual transactions between MYS/RB Securities and Sze Thye, to be 
fair and reasonable insofar as the Company's shareholders are concerned. 
There has been no commission fee income from Sze Thye during the period 
since 31 March 2015. 
 
   Additional disclosures in respect of RB Securities 
 
   D&I Developments Limited ("D&ID") charges RB Securities rental income of 
HK$120,000 pcm in respect of its offices at 32/F West Tower, Shun Tak 
Centre, HK in accordance with the terms of a rental agreement dated 1 
July 2014 (previously HK$40,000 pcm) and renewed at the same rental for 
a further two year period on 8 July 2015. D&ID is beneficially owned by 
Mang King Chung Dennis (the ultimate beneficial owner of MYS prior to 
its sale on 7 August 2014 to Riche Bright) and his wife. Additionally, 
Tsui Wai Kei (a director of MYS/RB Securities) was one of three 
directors of D&ID until 7 August 2015. The directors of Alpha Returns, 
having consulted with the Company's nominated adviser, consider the 
terms of the rental agreement to be fair and reasonable insofar as the 
Company's shareholders are concerned. During MYS's year ended 31 March 
2015, rental income of HK$1.26m (2014 HK$0.72m) was paid to D&ID. 
 
   For further information: 
 
 
 
 
                                Christopher Neo 
Alpha Returns Group plc          Executive Director              020 3286 6388 
ZAI Corporate Finance Ltd       Peter Trevelyan-Clark / Ivy 
 (NOMAD)                         Wang                            020 7060 2220 
Peterhouse Corporate Finance 
 (Broker)                       Duncan Vasey / Lucy Williams     020 7220 9797 
 
 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Alpha Returns Group plc via Globenewswire 
 
   HUG#1951846 
 
 
  http://www.alpharet.com 
 

(END) Dow Jones Newswires

September 14, 2015 07:50 ET (11:50 GMT)

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