Alpha Growth
plc
("Alpha" or the
"Company")
Appointment of Non-Executive
Director
Alpha Growth plc (LSE: ALGW and
OTCQB: ALPGF), a leading financial services specialist in life
insurance-linked wealth and asset management, is pleased to
announce that Lynne Martel has agreed to
join the Board as an Independent Non-executive Director with
immediate effect and will also become a member of the Audit
Committee.
Lynne has over 30 years' experience
in wealth and asset management. Lynne currently serves on the board
of Alpha International Life Assurance Company (Guernsey) Ltd and
was formerly on the board of Havelet Assignment Company Ltd, two of
the Company's subsidiaries.
Lynne's appointment to the Board
shows the Company's commitment to bring expertise along with
efforts to add diversity and enhance its corporate governance as it
moves towards its next stage of growth. Lynne brings a wealth
of experience in banking and asset management from her past senior
executive positions at State Street Bank and Trust, Citigroup, and
Fidelity Investments.
Gobind Sahney, Alpha's Chairman and CEO,
added: "We are very pleased to have agreed with Lynne
to take on these new roles at the parent company level. Having
worked with her for several years, I believe she will bring new
insights and a great deal of professionalism to the Board and Audit
Committee as an independent Director."
Lynne Martel, Non-executive Director, added:
"I am very
pleased to have been asked to join the main Board. Having worked
with Gobind and Jason for several years I am excited by their plans
for the future of the Company and hope to bring valuable new input
to the Board."
** 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
|
Allenby Capital Limited
|
+44 (0) 20 3328 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.