AFX Alpha Fx Group Plc

TIDMALPH

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) 
  Max Jones 
  Ben Cryer                              +44 (0) 20 3100 
  Kane Collings                                     2000 
 Peel Hunt (Joint Broker) 
  Neil Patel 
  Paul Gillam                            +44 (0) 20 7418 
  Richard Chambers                                  8900 
 Alma PR (Financial Public Relations) 
  Josh Royston 
  Andy Bryant                            +44 (0) 20 3405 
  Kieran Breheny                                    0205 
 

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.

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September 21, 2023 02:00 ET (06:00 GMT)

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