Share Swap
October 13 2009 - 2:00AM
UK Regulatory
TIDMRAM
RNS Number : 6508A
RAM Investment Group PLC
13 October 2009
FOR IMMEDIATE RELEASE 13 October 2009
RAM INVESTMENT GROUP PLC
("RAM" or the "Company")
RAM INVESTMENT GROUP PLC COMPLETES SHARE SWAP TRANSACTION WITH ALPHA PROSPECTS
PLC
The Board of RAM Investment Group Plc ("RAM") announces that it has today
completed the purchase of an investment holding in Alpha Prospects Plc
("Alpha").
The Company has purchased of 12,000,000 ordinary shares in Alpha at a price of
2.5p per share in consideration for the issue of 3,157,895 new Ordinary Shares
in RAM at a price of 9.5p. On completion of this transaction, RAM's percentage
holding in Alpha will be 11.27%.
Alpha invests in niche companies operating in the independent travel sector.
Alpha's latest annual report and accounts for the year ended 31 May 2009 showed
a loss of GBP(378,632) and Net Assets of GBP365,339. Post the last financial
year Alpha has sold its 10% stake in Active Energy to Cinpart, a fast growing
green technology business for cash and shares.
This will have the effect of increasing the Current Asset investments held by
RAM by GBP300,000.
Application has been made for the 3,157,895 new Ordinary Shares, which will rank
pari passu with the existing Ordinary Shares, to be admitted to AIM and trading
is expected to commence on 16 October 2009.
For further information please call:
Tim Baldwin RAM Investment Group Plc 0207 518
4303
Sandy Jamieson Libertas Capital Corporate Finance Limited0207 569 9650
Monisha Varadan Rivington Street Corporate Finance Limited 0207 562
3389
This information is provided by RNS
The company news service from the London Stock Exchange
END
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