Alpha Growth PLC Half-year Report (1303O)
May 28 2020 - 2:00AM
UK Regulatory
TIDMALGW
RNS Number : 1303O
Alpha Growth PLC
28 May 2020
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 29
February 2020.
Gobind Sahney, Chairman of Alpha, commented:
"At the beginning of the year and through February we were quite
optimistic about the Company's traction. However, the impact of
COVID19 has had an effect on the timing of various counterparties
to transact with the Company and this may impact on Company's
financial results in FY20 if delays should continue for an extended
period of time. However, the Company is confident that,
particularly with record low interest rates, continued volatility
in the equity markets and the non-correlation of SLS assets, it
will be able to continue its strategies in the near terms, and also
take advantage of further opportunities as and when they arise for
the long term."
The full Interim results for the period ended 29 February 2020
can be downloaded here
http://www.rns-pdf.londonstockexchange.com/rns/1303O_1-2020-5-27.pdf
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
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
holistic 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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