Alpha Growth PLC Director/PDMR Dealing and Issue of Shares (2927O)
May 29 2020 - 2:00AM
UK Regulatory
TIDMALGW
RNS Number : 2927O
Alpha Growth PLC
29 May 2020
Alpha Growth plc
(" Alpha ", or the "Company")
Director/PDMR Dealing and Issue of Shares
Alpha Growth plc (LSE: ALGW), the financial services specialist
in the growing Senior Life Settlement ("SLS") asset class, is
pleased to announce certain directors of the Company have purchased
ordinary shares in the Company and the issue of 2,000,000 shares
for the agreement with Rajiv Rebello and Colva. This satisfies the
condition of the Company's agreement with Colva.
Director/PDMR Dealing
The Company is also pleased to announce that the Directors below
have subscribed for the Company's shares as follows:
% of Enlarged Issued
Share Capital (as
Resultant no. of enlarged by the
No. of Shares acquired Ordinary Shares Share Issues)
Gobind Sahney 666,667 7,462,500 3.64%
Danny Swick 666,667 2,166,667 1.06%
Jason Sutherland 133,333 133,333 0.07%
Issue of Shares
In relation to the above share issues applications will be made
to the Financial Conduct Authority for admission of the new
Ordinary Shares to the standard listing segment of the Official
List of the Financial Conduct Authority and to London Stock
Exchange plc for admission to trading of the New Shares on its main
market for listed securities (together, "Admission"). Further
announcement will be made as to the date of admission.
Total Voting Rights
Following the issue of the above Shares, the Company's issued
share capital will consist of 205,101,673 ordinary shares. Each
share has one voting right and no shares are held in treasury;
these figures may be used by shareholders in the Company as the
denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Gobind Sahney
2. Daniel Swick
3. Jason Sutherland
---------------------------------- -----------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status 1. Chairman
2. Director
3. Director
---------------------------------- -----------------------------
b) Initial notification Initial
/Amendment
---------------------------------- -----------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------
a) Name Alpha Growth plc
---------------------------------- -----------------------------
b) LEI 213800T46KFT32KYKR91
---------------------------------- -----------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------
a) Description of the Ordinary 0.1p
financial instrument, GB00BYWKBC49
type of instrument
Identification code
---------------------------------- -----------------------------
b) Nature of the transaction Subscription
---------------------------------- -----------------------------
c) Price(s) and volume(s) 1. 0.015 666,667
2. 0.015 666,667
3. 0.015 133,333
---------------------------------- -----------------------------
d) Aggregated information: 1,466,667
- Aggregated volume 0.015
- Price
--------------------------------------- -----------------------------
e) Date of the transaction 28 May 2020
---------------------------------- -----------------------------
f) Place of the transaction Outside a trading venue
---------------------------------- -----------------------------
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
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
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 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 announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
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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