TIDMAFX

RNS Number : 7337Y

Alpha FX Group PLC

19 May 2021

19 May 2021

Alpha FX Group plc

("Alpha FX" or the "Group")

Board Appointment

Alpha FX Group plc (AIM: AFX), a provider of FX risk management and alternative banking solutions to corporates and institutions internationally, is pleased to announce the appointment of Vijay Thakrar to the Board as an independent non-executive Director with immediate effect.

Vijay is a Chartered Accountant with extensive strategic, commercial and governance experience with fast growth public companies, and was previously a Partner at EY and Deloitte, chairing Deloitte's mid cap listed companies' practice. He has served on various Boards in a non-executive capacity, including The Quoted Companies Alliance and Quorn Foods, the global meat alternatives business, and has extensive experience in chairing both audit and remuneration committees.

Vijay is currently a Non-Executive Director at Treatt plc, The Alumasc Group plc, Sanderson Design Group plc and RSM UK.

Upon his appointment Vijay will become Chair of the Group's Audit Committee and a member of the Remuneration and Nominations committees.

Accordingly, the Group's committees will consist of the following members:

   -      Audit Committee: Vijay Thakrar (Chair), Clive Kahn, Lisa Gordon 
   -      Nominations Committee: Clive Kahn (Chair), Lisa Gordon, Vijay Thakrar, Morgan Tillbrook 
   -      Remuneration Committee: Lisa Gordon (Chair), Clive Kahn, Vijay Thakrar

Commenting on the appointment, Morgan Tillbrook, CEO of Alpha FX, said:

"We undertook a comprehensive search when looking for our next independent non-executive director, and I am delighted we have been able to attract someone of Vijay's calibre. As well as bringing with him a wealth of experience across a number of successful and respected companies, it was also clear from our first meeting that Vijay really valued our emphasis on culture and people. He is yet another fantastic addition to the business and I look forward to working closely together in the future."

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, Vijaykumar Champaklal Thakrar (aged 59) holds or has held Directorships and Partnerships with the following companies:

 
 Current Directorships         Past Directorships held in the 
  Pandd Properties Limited      past five years 
  RSM UK Holdings Limited       Briggs (U.K) Limited 
  Sanderson Design Group PLC    Deloitte LLP 
  The Alumasc Group PLC         ITS Designs Limited 
  Treatt PLC                    Methodist Homes 
                                Milton Keynes Dons Football 
                                Club Sports and Education Trust 
                                Monde Nissin (Australia) Pty 
                                Ltd 
                                Monde Nissin (UK) Limited 
                                Nesta 
                                The Quoted Companies Alliance

Vijay Thakrar does not hold any shares in the Group.

Enquiries:

   Alpha FX Group plc   via Alma PR

Morgan Tillbrook, Founder and CEO

Tim Kidd, CFO

   Liberum Capital Limited   (Nominated Adviser and Sole Broker)    Tel: +44 (0) 20 3100 2000

Neil Patel

Richard Bootle

Kane Collings

   Alma PR (Financial Public Relations)   Tel: +44 0203 405 0205

Josh Royston

Kieran Breheny

Notes to Editors

Alpha provides FX risk management and alternative banking solutions to corporates and institutions across the UK, Europe and Canada. Combining leading expertise and technology, the Group partners with a small number of high value clients to provide enterprise-level solutions across four key areas: FX risk management, international payments, accounts and collections. Since it was incorporated in 2010, Alpha FX has been able to build and retain a high-quality client base that includes a number of highly respected brands.

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May 19, 2021 02:00 ET (06:00 GMT)

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