Alpha Growth PLC Publication of Prospectus (7108Y)

TIDMALGW

RNS Number : 7108Y

Alpha Growth PLC

10 May 2019

Alpha Growth plc

("Alpha", or the "Company")

Publication of Prospectus

Further to the announcement made on 30 April 2019 by Alpha Growth plc (the "Company") relating to its placing (the "Placing Announcement"), the Company is pleased to announce that the Prospectus has been approved by the Financial Conduct Authority and has been published.

As an update to the matters noted in the Placing Announcement, the Company is pleased to announce an increase in the number of shares in the placing, with gross proceeds now at GBP456,000. The total number of placing shares to be admitted to trading is 30,400,000 and admission of the placing shares is expected to take place at 8.00 a.m. on Wednesday May 15 2019 ("Admission").

As at the date of this announcement, the Company's issued share capital is 126,635,000 ordinary shares. On Admission, the Company's issued share capital will consist of 157,035,000 ordinary shares. The Company does not hold any Ordinary Shares in Treasury. The total voting rights from Admission will therefore be 157,035,000 shares. This figure above may be used by shareholders as from 15 May 2019 as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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, 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 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

PDIURAORKSAVAAR

(END) Dow Jones Newswires

May 10, 2019 09:16 ET (13:16 GMT)

Alpha Growth (LSE:ALGW)
Historical Stock Chart
From Jul 2024 to Jul 2024