REG - Alpha Group Intl PLC - Intended application for admission to Main Market

Alpha InternationalAnnouncement

03/04/2024 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:20240403:nRSC0453Ja&default-theme=true

RNS Number : 0453J  Alpha Group International PLC  03 April 2024

3 April 2024

Alpha Group International plc

 

("Alpha" or the "Company")

 

Intended application for admission to the Main Market and

cancellation of trading on AIM

 

Alpha Group International plc, (AIM: ALPH), a high-tech, high-touch provider
of financial solutions, dedicated to corporates and institutions operating
internationally, today confirms, in line with prior guidance, its intention to
apply for Alpha's ordinary shares to be admitted to the premium listing
segment of the Official List and to be traded on the main market for listed
securities (the "Main Market") of the London Stock Exchange plc (the "London
Stock Exchange") ("Admission"). The Company's listing on AIM will be cancelled
with effect from Admission, envisaged during May 2024.

 

Our business is growing in size, becoming more global, and gaining interest
from increasingly larger clients. We believe that a Main Market Premium
listing will serve to further enhance our reputation and support our market
penetration as we move into additional countries and engage larger clients. At
the same time, Premium Listing standards will align with Alpha's commitment to
providing higher levels of governance and disclosure, both of which we know
will continue to be well-received by our clients, banking partners and
investors alike.

 

Admission is subject to (i) the approval by the FCA of a Prospectus and
admission to the premium listing segment of the Official List; and (ii)
admission by the London Stock Exchange to trading of the ordinary shares on
the Main Market. Subject to satisfaction of these conditions, Admission is
expected to occur, and the Company's listing on AIM to be cancelled
simultaneously on a date not earlier than 2 May 2024 (being at least 20
business days after the date of this announcement). Accordingly, the Company
hereby gives notice of the intended cancellation of trading of its ordinary
shares on AIM in accordance with Rule 41 of the AIM Rules for Companies. Alpha
will make a further announcement on the status of the proposed applications
for Admission (and the timeline for Admission) in due course. Admission will
be effected through an introduction of the existing ordinary shares and Alpha
will not raise any funds or offer any new securities in connection with
Admission or the publication of the related prospectus.

 

Admission is not expected to be conditional upon any shareholder
approval. Alpha shareholders should consult their advisors regarding the
consequences of Admission on their personal tax position.

 

Peel Hunt LLP is acting as sponsor to Alpha in connection with Admission.

 

Enquiries:

 

 Alpha Group International plc                  Via Alma

 Morgan Tillbrook, Founder and CEO

 Tim Powell, CFO

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

 Max Jones

 Ben Cryer

 Anake Singh

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

 Neil Patel

 Paul Gillam

 Kate Bannatyne

 Alma Strategic Communications                  +44 (0) 20 3405 0205

 (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 globally. Working with clients across
50+ countries, we blend intelligent human capabilities with new technologies
to provide clients with an enhanced alternative to traditional banking
services, with solutions covering: FX risk management, global accounts mass
payments, fund finance and cash management.

 

Key to our success is our team - over 450 people based across nine global
offices, brought together by a high-performance culture and a partnership
ethos that empowers them to act as owners of our business.

 

Whilst we are 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 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  MSCEAKLAEDFLEFA