Alpha Growth PLC Warrant Exercise and Total Voting Rights (9801S)
15 3월 2023 - 4:00PM
UK Regulatory
TIDMALGW
RNS Number : 9801S
Alpha Growth PLC
14 March 2023
Alpha Growth plc
(" Alpha " or the "Company")
Exercise of Warrants, Issue of Equity for Expenses, and Total
Voting Rights
Alpha Growth Plc (LSE: ALGW and OTCQB: ALPGF), a leading
financial services specialist in the growing longevity asset class
and insurance linked asset management, announces that it has
received warrant exercise no ti ces over an aggregate total of
18,750,000 ordinary shares of 0.1p each ("Ordinary Shares") in the
Company for total considera ti on of GBP375,000.
In addition, the Company has issued 1,176,143 Ordinary Shares to
certain advisers in lieu of expenses owed to them in relation to
the Company's insurance business in 2022 a t the closing price of
2.45p per Ordinary Share on 31 December 2022.
Application has been made for a total of 19,926,143 Ordinary
Shares 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 20 March 2023.
Total Voting Rights
On Admission, the Company's issued share capital will consist of
451,813,531 Ordinary Shares. There are no Ordinary Shares held in
treasury. Accordingly, the total number of vo ti ng rights in Alpha
Growth plc at Admission will be 451,813,531.
The above figure 451,813,531 may be used by shareholders as the
denominator for the calcula ti ons 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:
+44 (0) 20 3959
Alpha Growth plc 8600
Gobind Sahney, Executive Chairman info@algwplc.com
+44 (0) 20 3328
Allenby Capital Limited 5656
Amrit Nahal (Sales and Corporate Broking)
Nick Athanas / Piers Shimwell (Corporate
Finance)
UK Investor Relations - Mark Treharne ir@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.
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.
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END
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March 15, 2023 03:00 ET (07:00 GMT)
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