Alpha Growth PLC Exercise of Warrants and Total Voting Rights (8778G)
March 19 2020 - 1:35PM
UK Regulatory
TIDMALGW
RNS Number : 8778G
Alpha Growth PLC
19 March 2020
Exercise of Warrants and Total Voting Rights
Alpha Growth plc ("Alpha Growth", "the Company" or "the Group")
(LSE:ALGW), the financial services specialist in the growing
non-correlated Senior Life Settlement ("SLS") asset class,
announces that it has received warrant exercise notices over an
aggregate total of 9,166,650 ordinary shares of 0.1p each
("Ordinary Shares") in the Company for total consideration of
GBP128,749.80.
Applications have been made for 11,526,650 Ordinary Shares,
comprising those created through the exercise of warrants together
with 2,360,000 Ordinary Shares issued to a former Director, to be
admitted to the standard listing segment of the Official List of
the Financial Conduct Authority and to be admitted to trading on
the main market for listed securities of the London Stock Exchange
plc (together, "Admission"). Admission is expected to become
effective at 8.00 a.m. on 23 March 2020.
Total Voting Rights
On admission, the Company's issued share capital will consist of
201,635,006 ordinary shares of 0.1p each. There are no ordinary
shares held in treasury. Accordingly, the total number of voting
rights in Alpha Growth plc at Admission will be 201,635,006.
The above figure 201,635,006 may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, Alpha Growth plc under the FCA's Disclosure Guidance
and Transparency Rules.
-Ends-
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
Vox Markets (Corporate & Financial Communications) +44 (0) 20 3865 0130
Katrina Perez alphagrowth@voxmarkets.co.uk
Novum Securities Limited (Corporate Broker) +44 (0) 20 7399 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 multibillion
dollar market of longevity assets - a non-correlated asset.
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 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 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 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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