Alpha Growth PLC Interim results (5869M)
April 30 2018 - 8:00AM
UK Regulatory
TIDMALGW
RNS Number : 5869M
Alpha Growth PLC
30 April 2018
Monday, 30 April 2018
Alpha Growth plc
("Alpha", the "Company" or the "Group")
Interim results
Alpha Growth plc (LSE: ALGW), the alternative financial services
Group in the growing Senior Life Settlement ("SLS") asset class, is
pleased to announce its results for the period ended 28 February
2018.
Highlights
-- Successful IPO to the London Stock Exchange
-- The loss for the interim period was GBP249,962, including the listing costs of GBP78,617
-- Net assets as at 28 February 2018 were GBP366,192
Gobind Sahney, Executive Chairman commented:
"We are now focused on expanding the Company's operations and
following through on the strategy of generating revenues. Since the
IPO the Board have been very active in rolling out its current
product offerings and is in negotiations with a range of clients
and entities, some of which are at an advanced stage, which we hope
to announce shortly. Furthermore, we plan to make personnel
announcements that will bring a wealth of experience,
relationships, and validate the Company's business plan in the near
term.
I would like to take this opportunity to thank the shareholders
for their continued support and work with us to build a company for
the long term."
The full Interims results for the period ended 28 February 2018,
can be found on the Company's website: http://algwplc.com
For more information, contact the following:
Alpha Growth plc +44 (0) 207 467 1700
Gobind Sahney, Executive Chairman info@algwplc.com
Cassiopeia Services (PR/IR) +44 (0) 7949690338
Stefania Barbaglio Stefania@cassiopeia-ltd.com
The information contained within this announcement is considered
to be inside information prior to its release as defined in Article
7 of the Market Abuse Regulation No. 596/2014 and is disclosed in
accordance with the Company's obligations under Article 17 of those
Regulations.
About Alpha Growth plc
Specialist in Longevity Assets
Alpha Growth plc is a financial advisory business providing
specialist consultancy, advisory and supplementary services to
institutional and qualified investors globally in the multi-billion
dollar market of longevity assets. Building on its well-
established network, Alpha Growth has a unique position in the
longevity asset services and investment business, as a listed
entity with global reach. The Company's strategy is to expand its
advisory and business services via acquisitions and joint ventures
in the UK and the US to attain commercial scale and provide a
wholistic solutions to alternative institutional investors who are
in need of specialised skills and unique access to deploy their
financial resource in longevity assets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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