Alpha UK Multi Property consolidation
The share consolidation shall be effective on Friday 1 July 2011, when shareholders will exchange each holding of 10 existing ordinary shares of 1 penny each for 1 new ordinary share of 10 pence each. Accordingly, applications have been made by the Company to the UK Listing Authority and to the London Stock Exchange, whereby *8,409,520 ordinary shares of 10 pence each will commence trading on Friday 1 July 2011.
It is intended that the fractional entitlements of shareholders whose shares are not exactly divisible by 10 will be aggregated and sold in the market immediately with the proceeds retained for the benefit of the Company.
Where applicable,share certificates in respect of the new ordinary shares are to be dispatched to shareholders by Friday 8 July 2011.