Thursday, April 27, 2006

TheMoodieReport.com

TheMoodieReport.com: "Alpha shares suspended amid auditor's enquiry into major contract award � 25/04/06
Source: �The Moodie Report
By Dermot Davitt
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UK. The board of Alpha Airports Group has today requested a temporary suspension in the listing of its shares. This follows enquiries by the company�s auditors, PricewaterhouseCoopers (PwC), into a series of transactions connected with a major contract awarded to the company during the financial year.

PwC notified Alpha last night that it was withdrawing its approval to the statement of preliminary results for the year ended 31 January 2006 which were announced on 30 March 2006.

Alpha said it is now urgently seeking to clarify the position with its auditors.

The publication of the audited accounts of the Company for the year ended 31 January 2006 and the company�s Annual General Meeting will now be delayed.

According to UK reports Alpha's contract gains last year included a deal to supply Malaysian Airlines with food at five airports in Australia. The company extended a catering contract for British Airways' BA Connect flights. It retained its duty free contract at Birmingham International Airport and won a number of other deals including agreements at Doncaster Sheffield and Sofia airports. It also struck a five-year contract catering deal for charter operators Excel Airways and Air Atlanta.

A further announcement will be made as appropriate, said Alpha. "