RCS - Alpha Growth PLC - Appointment of new Strategic Advisor

Alpha GrowthAnnouncement

21/02/2022 07:00

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RNS Number : 1894C  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 (mailto:info@algwplc.com)

                       BlackOak Alpha Growth Funds                   +1 949-326-9799
                                                                     www.boagf.com (http://www.boagf.com)

                       Arden Partners plc                            +44 (0) 20 7614 5900
                       Ruari McGirr / Alexandra Campbell-Harris

                       (Corporate Finance)
                                              ir@algwplc.com (mailto: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

 

 

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