Alpha Growth PLC Issue of Equity & TVR (1480B)
June 05 2019 - 2:00AM
UK Regulatory
TIDMALGW
RNS Number : 1480B
Alpha Growth PLC
05 June 2019
Alpha Growth plc
("Alpha, or the "Company")
Issue of Equity & TVR
Alpha Growth plc (LSE: ALGW), the financial services specialist
in the growing Senior Life Settlement ("SLS") asset class,
announces that it has today issued 1,666,666 new ordinary shares of
0.1 pence each in the Company, valued at the last placing price of
1.5 pence per new share, to Novum Securities Limited ("Novum"). The
issuance of shares to Novum represents their annual retention fees,
net of VAT which Alpha has paid to Novum in cash, to act as the
company's Broker. The new shares will, when issued, rank pari passu
in all respects with the existing ordinary shares. An application
will be made for the new shares to be admitted to trading and
admission is expected to take place on or around 5 June 2019
("Admission").
On Admission the Company's issued share capital will consist of
158,701,666 ordinary shares. The Company does not hold any Ordinary
Shares in Treasury. The total voting rights from Admission will
therefore be 158,701,666 shares. This figure above may be used by
shareholders as from 6 June 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. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
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
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