REG - Alpha Growth PLC - Publication of a Prospectus

Alpha GrowthAnnouncement

20/12/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211220:nRST1109Wa&default-theme=true

RNS Number : 1109W  Alpha Growth PLC  20 December 2021

20 December 2021

 

 

Alpha Growth plc

("Alpha", or the "Company")

Publication of Prospectus

Further to the announcement made on 11 February 2021 by Alpha Growth
plc (the "Company") relating to its strategic acquisition and placing (the
"Placing Announcement"), the Company is pleased to announce that the
Prospectus has been approved by the Financial Conduct Authority and has been
published on the Company's website www.algwplc.com (http://www.algwplc.com) .

The total number of placing shares to be admitted to trading is 187,500,000
and admission of the placing shares is expected to take place at 8.00 a.m. on
21 December 2021 ("Admission").

On Admission, the Company's issued share capital will consist of 431,887,388
ordinary shares.  The Company does not hold any Ordinary Shares in Treasury.
The total voting rights from Admission will therefore continue to be
431,887,388 shares. This figure above may continue to be used by
shareholders  as the denominator for the calculations by which they determine
if they are required to notify their interest in, or change to their interest
in, the Company under the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules, as previously announced on 5 June 2021.

** END **

 

For more information, please visit www.algwplc.com (http://www.algwplc.com)
 or contact the following:

 

 Alpha Growth plc                                              +44 (0) 20 3959 8600
 Gobind Sahney, Executive Chairman                             info@algwplc.com

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

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, 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.

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  PDIFFUEEWEFSEDE