RCS - Alpha Group Intl PLC - Update on Move Up to Main Market

Alpha InternationalAnnouncement

21/09/2023 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:20230921:nRSU1052Na&default-theme=true

RNS Number : 1052N  Alpha Group International PLC  21 September 2023

21 September 2023

 

Alpha Group International plc

 

("Alpha", the "Company" or the "Group")

 

Update on Move Up to Main Market

 

Alpha Group International plc (AIM: ALPH), a leading provider of financial
solutions to corporates and institutions, is pleased to provide an update on
its move-up to the Premium List of the Main Market.

 

The Group is making good progress with its plans and has started to appoint
relevant advisers. We remain on track to publish a Prospectus for the move-up
to the Main Market in 2024 and will look to update the market further once
specific timeframes are confirmed.

 

For investors who may be less familiar with our plans, we have repeated our
rationale behind our move to a Main Market listing below:

 

Premium Listing Rationale

 

We have hugely enjoyed our journey on AIM since our IPO in 2017 and have seen
the sizeable benefits that the public markets can offer. Being a public
company has not only enabled us to raise capital to grow and create employee
shareholders, but it has also greatly enhanced our reputation amongst the
global corporates and institutions that we work with, who take confidence from
our public market status, as well as the increased transparency and governance
that comes with this.

 

As a business that is growing in size, becoming more global, and gaining
interest from increasingly larger clients, particularly within the
institutional space, we believe a Main Market Premium listing will serve to
further enhance our reputation and support our market penetration as we move
into new countries and engage larger clients. At the same time, Premium
Listing reporting standards will naturally lead to higher levels of governance
and disclosure, both of which we know will be well-received by our clients,
banking partners and investors alike.

 

 

Enquiries:

 

 Alpha Group International plc                 Via Alma PR

 Morgan Tillbrook, Founder and CEO

 Tim Powell, CFO

 Liberum (Nominated Adviser and Joint Broker)  +44 (0) 20 3100 2000

 Max Jones

 Ben Cryer

 Kane Collings

 Peel Hunt (Joint Broker)                      +44 (0) 20 7418 8900

 Neil Patel

 Paul Gillam

 Richard Chambers

 Alma PR (Financial Public Relations)          +44 (0) 20 3405 0205

 Josh Royston

 Andy Bryant

 Kieran Breheny

 

 

Notes to editors

Alpha is a high-tech, high-touch provider of enhanced financial solutions
dedicated to corporates and institutions operating internationally. Working
with clients across 50+ countries, we blend intelligent human capabilities
with new technologies to solve complex problems across three key areas: FX
risk management, global accounts and mass payments.

Key to our success is our team - over 350 people based across seven global
offices, brought together by a high-performance culture and a partnership
structure that empowers them to act as owners of our business.

Despite being an established business listed on the London Stock Exchange, we
remain relentlessly focused on maintaining the same level of operational
agility and client focus we had when we first started in 2009. This dynamic,
combined with the passion of our people, have enabled us to make a substantial
and enduring difference to our clients, and deliver a growth story to match.

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 (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  NRANKKBKNBKDOCB