ROK Global PLC, the mobile, web and industrial technology, applications and services company, has announced it has agreed a share swap with Alpha Prospects PLC. The parties have agreed that Alpha will subscribe for 5,000,000 new ROK Global Ordinary shares satisfied by the issue of 2,000,000 Alpha shares at a price of 2.5 pence per share.
ROK Global PLC is listed on the GXG OTC Exchange whilst Alpha Prospects PLC is listed on the ISDX Growth Market, a market for unlisted securities with a regulatory framework dedicated to the needs of smaller companies and is part of the ICAP Securities & Derivatives Exchange.
Commenting, Paolo Fidanza, CEO of ROK Global said “ Typically Alpha invests in and identifies companies with fast growth and/or strong recovery prospects. We are proud to be recognised by Alpha as one of the companies that can assist them in realising their roll out plan to take strategic investments in the small and micro cap sectors. This in turn will enable ROK Global to continue the development and deployment of our key products worldwide, particularly ROK Homeland Security and ROK Mobile TV.”
ROK Global was co-founded by US Billionaire John Paul DeJoria and UK entrepreneur Jonathan Kendrick. In addition to being the co-founder of ROK, John Paul DeJoria is Chairman of John Paul Mitchell Systems, the manufacturer of Paul Mitchell hair care products as well as being the co-founder of Patron Tequila, the world’s leading premium tequila brand.
ROK has pioneered a portfolio of new and innovative products in mobile, web and industrial technologies including high quality Mobile TV which can be streamed, live and on-demand, over mass-market 2.5G GPRS as well as 3G and Wi-Fi and several mobile security and policing technologies which it licenses to law enforcement agencies as ROK Homeland Security as well as a suite of cutting-edge industrial technology products.
“Alpha and ROK see this development as the start of a longer-term strategic relationship between the companies.” Added Fidanza.
More information: www.rokglobal.com
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