Alpha Growth PLC Interim Results (4521X)
April 29 2019 - 11:00AM
UK Regulatory
TIDMALGW
RNS Number : 4521X
Alpha Growth PLC
29 April 2019
Alpha Growth plc
("Alpha", or the "Company")
Interim Results
Alpha Growth plc (LSE: ALGW), the financial services specialist
in the growing Senior Life Settlement ("SLS") asset class, is
pleased to announce its results for the interim period ended 28
February 2019.
Highlights:
-- Approval by the BVI FSC of the acquisition of Alpha Longevity Management Limited ("ALM")
-- Acquisition of Colva Insurance Services ("Colva") to increase
valuation and actuarial resource as we ramp up
-- Appointment of Rajiv Rebello as Chief Actuary and Jason Sutherland as Non-Executive Director
-- The joint venture with SL for the soon to be launched fund.
Gobind Sahney, Chairman of Alpha, commented:
"The Group really is well positioned now to get some serious
traction in 2019. With the imminent launch of the recently
announced Fund and the other engagements we have at various stages
of completion; the Board and I are very excited about our prospects
for the remainder of 2019 and beyond. We have taken a number of
large steps in the last six months and we hope to be announcing
further developments over the coming months."
The full Interims results for the period ended 28 February 2019,
can be found on the Company's website: http://algwplc.com.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
For more information, please visit www.algwplc.com or contact
the following:
Alpha Growth plc +44 (0) 20 3959 8600
Gobind Sahney, Executive Chairman info@algwplc.com
-----------------------------
Novum Securities Limited (Corporate
Broker) +44 (0) 207 399 9400
-----------------------------
Colin Rowbury crowbury@novumsecurities.com
-----------------------------
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, the Alpha Growth Group has a unique position in the
longevity asset services and investment business, as a listed
entity with global reach. The Group'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
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IR UKVSRKVASUAR
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