Transaction in Own Shares

RNS Number : 9134L

Alpha Tiger Property Trust Limited

14 May 2010

 



14 May 2010

ALPHA TIGER PROPERTY TRUST LIMITED ("ALPHA TIGER" OR THE "COMPANY")

TRANSACTION IN OWN SHARES

Alpha Tiger announces that it has on 13 May 2010 purchased 350,000 ordinary shares of no par value ("Ordinary Shares") at a price (before expenses) of 65 pence per share. The purchased Ordinary Shares will be cancelled together with 38,889 shares currently held in treasury which are being cancelled following the purchase to ensure that the Company holds no more than 10 per cent. of its share capital in treasury pursuant to Guernsey law requirements).

The Ordinary Shares were purchased by Panmure Gordon on the Company's behalf in accordance with the agreement entered into between the Company and Panmure Gordon announced on 9 April 2010.

The ordinary share capital of the Company following the purchase and cancellation of those Ordinary Shares which are to be repurchased will be 62,902,548 (including shares held in treasury).  The Company will hold a total of 6,290,254 shares in treasury.

The total voting rights in Alpha Tiger following completion of the Tender Offer and cancellation of the Ordinary Shares will be 56,612,294.

The total voting rights figure (56,612,294) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Alpha Tiger under the FSA's Disclosure and Transparency Rules and/or the AIM Rules for Companies.

Contact:

Alpha Tiger Property Trust Limited

David Jeffreys, Chairman, Alpha Tiger                       [phone]

Brad Bauman, Alpha Tiger Fund Manager [phone]

Panmure Gordon, Nominated Adviser & Broker to the Company

Richard Gray/Andrew Potts/Stuart Gledhill               [phone]

Further information is available at www.alphatigerpropertytrust.com 

 

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