TIDMALGW
Alpha Growth PLC
21 February 2022
21 February 2022
Alpha Growth Plc
("Alpha", or the "Company")
Appointment of new Strategic Advisor
Alpha Growth Plc (LSE: ALGW and OTCQB: ALPGF), a leading
financial services specialist in the growing longevity asset class,
is pleased to announce the appointment of Mark Ward as a Strategic
Advisor to the Company.
Mark founded UK-based technology services provider Hunter
Macdonald in 2013 and led its growth to circa 500 employees
globally, its clients included public sector organisations such as
HM Treasury, the Ministry of Defence and the Home Office, as well
as private sector companies such as RBS, Airbus and Rolls-Royce
.
In 2017, Hunter Macdonald was recognized as the UK's fastest
growing IT Services company by the Sunday Times Tech Track after
achieving a compounded annual growth rate of 273 per cent over
three years. His company joined forces with Denmark's Netcompany
group in 2017 to create a significant new pan European IT Services
company which today totals over 6,000 employees.
Prior to founding Hunter Macdonald, Mark held senior director
level roles at technology companies including Verizon and BT, as
well as FTSE100 life insurance company Friends Life and leading
professional services firm PwC.
Mark holds approximately 20.8% of the Company's issued share
capital and has elected not to be compensated for this
appointment.
Mark Ward commented:
"I've been invested in Alpha Growth Plc for some time now and
have been hugely impressed by the rapid growth already achieved by
Gobind and the Alpha team.
I'm very excited about the future potential of the company and I
am looking forward to working with the board as we continue to grow
the business and execute upon our already successful buy and build
strategy.
A key part of my role will be opening up our investment
propositions to a wider audience via innovations in insurtech,
improving our digital footprint and enhancing shareholder
communications."
Gobind Sahney, Executive Chairman of Alpha Growth Plc
commented:
"Mark has been a very supportive shareholder and I am very
pleased he has accepted my invitation to join Alpha Growth as a
Strategic Advisor at this exciting time in our evolution.
He has a huge amount of experience scaling successful businesses
and his background in M&A, technology transformation,
communications and digital marketing will be invaluable as we
progress a number of our key strategic growth initiatives in both
our fund and insurance segments.
I look forward to updating our shareholder base on further
company progress later this month."
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
BlackOak Alpha Growth Funds +1 949-326-9799
www.boagf.com
Arden Partners plc +44 (0) 20 7614 5900
Ruari McGirr / Alexandra Campbell-Harris
(Corporate Finance)
ir@algwplc.com
UK Investor Relations - Mark Treharne
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.
Longevity Assets and Non-correlation
As a longevity asset, it is non-correlated to the real estate,
equity capital and commodity markets. Its value is a function of
time because as time passes the value gets closer to the face value
of the policy. Hence creating a steady increase in the net asset
value of the investment. This makes it highly attractive to
investors wishing to counteract volatility within an investment
portfolio and add yield.
Note: The Company only advises on and manages Longevity Assets
that originate in the USA where the structured and life settlement
market is highly regulated.
Forward Looking Statements Disclaimer
Certain statements, beliefs and opinions in this document are
forward-looking, which reflect the Company's or, as appropriate,
the Company's directors' current expectations and projections about
future events. By their nature, forward-looking statements involve
a number of risks, uncertainties and assumptions that could cause
actual results or events to differ materially from those expressed
or implied by the forward-looking statements. These risks,
uncertainties and assumptions could adversely affect the outcome
and financial effects of the plans and events described herein.
Forward-looking statements contained in this document regarding
past trends or activities should not be taken as a representation
that such trends or activities will continue in the future. The
Company does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. You should not place undue reliance on
forward- looking statements, which speak only as of the date of
this document. Readers should not treat the contents of this
document as advice relating to legal, taxation or investment
matters, and are to make their own assessments concerning these and
other consequences, including the merits of information and the
risks. Readers of this announcement are advised to conduct their
own due diligence and agree to be bound by the limitations of this
disclaimer.
Important Notice
The content of this announcement has not been approved by an
authorised person within the meaning of the Financial Services and
Markets Act 2000 (FSMA). This announcement has been issued by and
is the sole responsibility of the Company. The information in this
announcement is subject to change.
This announcement is not an offer of securities for sale into
the United States. The securities referred to herein have not been
and will not be registered under the U.S. Securities Act of 1933,
as amended (the Securities Act), and may not be offered or sold,
directly or indirectly, in or into the United States, except
pursuant to an applicable exemption from registration. No public
offering of securities is being made in the United States. This
announcement is not for release, publication or distribution,
directly or indirectly, in or into the United States, Australia,
Canada, the Republic of South Africa, Japan or any jurisdiction
where to do so might constitute a violation of local securities
laws or regulations (a Prohibited Jurisdiction). This announcement
and the information contained herein are not for release,
publication or distribution, directly or indirectly, to persons in
a Prohibited Jurisdiction unless permitted pursuant to an exemption
under the relevant local law or regulation in any such
jurisdiction.
ENDS
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. 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.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRABKFBKOBKDDBD
(END) Dow Jones Newswires
February 21, 2022 02:00 ET (07:00 GMT)
Alpha Growth (LSE:ALGW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Alpha Growth (LSE:ALGW)
Historical Stock Chart
From Jul 2023 to Jul 2024
