Alpha Strategic PLC Termination of Agreement (4716J)
17 7월 2013 - 3:00PM
UK Regulatory
TIDMAPS
RNS Number : 4716J
Alpha Strategic PLC
17 July 2013
Alpha Strategic PLC
("Alpha" or the "Company")
17 July 2013
Termination of Agreement
Alpha Strategic PLC, the AIM quoted specialist investment group
(AIM:APS), announces that the Company has mutually agreed with IKOS
Asset Management Limited ("IAML") to terminate, with immediate
effect, the Principal Advisory Services Agreement between Acme
Advisors Limited, a wholly owned subsidiary of the Company, and
IAML following the expiry of the minimum revenue period on 31 March
2013.
The Company has already provided in full for any goodwill
impairment in respect of this investment in its unaudited interim
financial statements for the six months ended 30 September 2012 and
will receive no further income from IAML.
Alpha is considering a very healthy pipeline of investment
opportunities in the UK, Europe and USA, and remains fully
committed to its strategy of creating a portfolio of uncorrelated
minority investments in established fund management businesses.
The Company expects to release its audited final results for the
year ended 31 March 2013 on 30 August 2013 and to hold its annual
general meeting on 23 September 2013.
Enquiries:
Alpha Strategic PLC +44 (0)20 7222 3005
Alistair McKay
Kit Malthouse
Westhouse Securities Limited +44 (0)20 7601 6100
Tom Griffiths
This information is provided by RNS
The company news service from the London Stock Exchange
END
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