Alexander announced that it is in advanced negotiations to acquire the entire issued share capital of eLight Group Holdings Limited ("eLight"). On completion of the Proposed Transaction and Disposal, it is proposed that David Nicholl, Harvey Sinclair, Richard Williams (who are all directors of eLight) and Andrew Lawley will join the board of the enlarged group while the current directors of the Company, with the exception of Dr. Nigel Burton, will resign from the board.