EXHIBIT 99.3
ALPHA TECHNOLOGIES GROUP, INC.
SHARES OF COMMON STOCK
OFFERED PURSUANT TO RIGHTS DISTRIBUTED
TO STOCKHOLDERS OF ALPHA TECHNOLOGIES GROUP, INC.
To Securities Dealers, Commercial Banks, ATTN: PROXY DEPARTMENT HEAD
Trust Companies and Other Nominees: REORGANIZATION DEPARTMENT HEAD
Enclosed are a Prospectus, dated November 30, 2000 (the "Prospectus"), and
Rights Exercise Agreement (the "Agreement") relating to the offer to purchase
shares of common stock, par value $.03 per share, of Alpha Technologies Group,
Inc. (the "Company"), at a price of $7.25 per share, in cash, pursuant to non-
transferable subscription rights (the "Rights"). The Rights were distributed to
holders of record of common stock as of the close of business on October 25,
2000 (the "Record Date"). The Rights are described in the Prospectus and
evidenced by the Agreement with respect to the Rights registered in your name
or the name of your nominee on the books of the Company.
These beneficial owners are entitled to one right for each 25 shares of such
common stock.
We are asking you to contact your clients for whom you hold shares of common
stock to obtain instructions with respect to the Rights.
You will be reimbursed for customary mailing and handling expenses incurred
by you in forwarding any of the enclosed materials to your clients. Except for
the costs incurred by American Stock Transfer & Trust Company as the
subscription agent (which are as described in the Prospectus) all commissions,
fees and other expenses (including brokerage commissions and transfer taxes)
incurred in connection with the exercise of Rights will be for the account of
the owner of the Rights, and none of such commissions, fees or expenses will be
paid by American Stock Transfer & Trust Company. However, the Company will pay
all transfer taxes, if any, applicable to the sale of shares of common stock
upon the exercise of Rights.
Enclosed are copies of the following documents:
1. The Prospectus;
2. The "Alpha Technologies Group, Inc. Rights Exercise Agreement";
3. A form of letter which may be sent to your clients for whose accounts
you hold shares of the Company's common stock registered in your name or
the name of your nominee, with space provided for obtaining such
clients' instructions with regard to the Rights;
4. A form of Notice of Guaranteed Delivery; and
5. A return envelope addressed to American Stock Transfer & Trust Company,
the subscription agent.
Your prompt action is requested. The Rights will expire at 5:00 P.M., New
York City time, on January 5, 2001, unless extended by the Company, at its
discretion, to a date not later than January 15, 2001 (the "Expiration Date").
To exercise Rights, a properly completed and executed Rights Exercise Agreement
and payment in full for all shares of common stock purchased pursuant to the
exercise of such Rights must be delivered to American Stock Transfer & Trust
Company as the subscription agent as indicated in the Prospectus prior to 5:00
P.M., New York City time, on the Expiration Date. Additional copies of the
enclosed materials may be obtained from American Stock Transfer & Trust Company
as the subscription agent.
Very truly yours,
Xxxxxxxx Xxxxxx
Chairman and Chief Executive Officer
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