Pursuant to the decision of the Board of Directors dated June 19, 2007, A.L ProChoice Group Public Ltd will proceed with the issue of 111,674,804 Rights, which will be offered gratis to the shareholders who will acquire shares until November 14, 2007 (cum-date), in the ratio of 1 Right for every share held. The ex-rights date is November 15, 2007. Every 3 Rights exercised will be converted into 1 fully paid new share at an exercise price of CYP0.09 per share, which will be listed in the CSE. For every 3 new shares that will result from the exercise of 9 Rights, 2 new bonus warrants will be allocated. The exercise of rights is not secured.
The Allocation Letter of Rights together with the explanatory note will be posted to the shareholders who will acquire shares until November 14, 2007 (cum-date) on November 22, 2007. The Allocation Letters will inform their holders on the number of Rights allocated to each shareholder.
The trading of Rights in the CSE will start on December 6, 2007 and will end on January 4, 2008. The Rights will be traded and transferred via the CSE.
The period of exercise will start on January 9, 2008 and will end on January 16, 2008. The Right holders are entitled to exercise them in order to acquire the corresponding number of new shares paying the exercise price of CYP 0.09 for every 3 Rights, which is payable during the period of Rights exercise. All unexercised Rights will cease to be valid and it will be regarded that the offer has not been accepted by the Right holder.
The application must be delivered during the period of exercise (January 9, 2008 – January 16, 2007) from 9.30 am to 13.00 pm and must be accompanied by the required sum with a cheque payable to A.L ProChoice Group Public Ltd.
The Allocation Letters for the new shares that will result from the Rights exercise will be posted on January 23, 2007. The new shares will be transferable and will rank pari passu with the existing shares.
The new shares will trade within 10 business days from the date of issue of the allocation letter, that is, on February 6, 2008 and as soon as the CSE ensures that the Shares’ Register has been submitted in electronic form and meets the requirements set by the CSE, pursuant to regulation 4 of the CSE Regulations 2001.
ISSUE OF WARRANTS
The Company will issue up to 24,816,623 warrants, which will be allocated gratis to the ratio of 2 warrants for every 3 new shares that will result from the exercise of 9 Rights.
The exercise price of warrants is EUR0.20 per warrant. Each warrant exercised, will give 1 ordinary fully paid share, which will be listed in the CSE.
Trading in the CSE will start on February 6, 2008 and will end in November 2010. The warrants will be traded and transferred via the CSE.
The Prospectus of A.L ProChoice Group Public Ltd, as approved by the SEC, will be available free of charge in electronic form at the CSE website (www.cse.com.cy ) from November 5, 2007, the SEC website (www.cysec.gov.cy ) and from October 30, 2007 at the Company’s registered office.
