REG - Alpha Group Intl PLC - Completion of Cobase Acquisition

Alpha InternationalAnnouncement

01/12/2023 07:00

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RNS Number : 2712V  Alpha Group International PLC  01 December 2023

1 December 2023

Alpha Group International plc

 

("Alpha" or the "Group")

 

Completion of Cobase acquisition

 

Alpha Group International plc, a leading provider of financial solutions to
corporates and institutions, is pleased to announce that further to its
announcement on 12 September 2023, and having now received approval from the
Dutch Central Bank and fulfilled all other closing requirements, the
acquisition of Transaction Services B.V ("Cobase") has now completed.

 

The initial consideration of €9.6 million for 85% of the company has been
paid in full using Alpha's existing cash resources, with the remaining stake
to be acquired via a performance-based earn-out between 2025 and 2028.

 

More information on Cobase and the strategic benefits of the acquisition can
be found in our initial announcement here
(https://polaris.brighterir.com/public/alpha_group/news/rns/story/w9me4gx) .

 

 

Enquiries:

 

 Alpha Group International plc                  Via Alma

 Morgan Tillbrook, Founder and CEO

 Tim Powell, CFO
                                                +44 (0) 20 3100 2000

 Liberum (Nominated Adviser and Joint Broker)

 Max Jones

 Ben Cryer

 Kane Collings
                                                +44 (0) 20 7418 8900

 Peel Hunt (Joint Broker)

 Neil Patel

 Paul Gillam

 Richard Chambers
                                                +44 (0) 20 3405 0205

 Alma Strategic Communications

 (Financial Public Relations)

 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 400 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.

 

 

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