Alpha Growth PLC Appointments and Board changes
November 11 2019 - 1:00AM
RNS Non-Regulatory
TIDMALGW
Alpha Growth PLC
11 November 2019
Alpha Growth plc
("Alpha, "Group" or the "Company")
APPOINTMENT OF MR. AUSTIN KING TO BLACKOAK ALPHA GROWTH FUND AND
BOARD CHANGES
Alpha Growth plc (LSE: ALGW), the financial services specialist
in the growing Senior Life Settlement ("SLS") asset class, is
pleased to announce that Austin B. King will be joining Alpha
Growth as Investor Relations Director (non Board seat) of the
BlackOak Alpha Growth Fund. Austin King brings over seven years of
experience in investment banking and financial asset marketing. He
holds the following licenses and certifications from the Financial
Industry Regulatory Authority Series 79, 7, 65, 63.
Austin King brings substantial investment experience to client
engagements across many sectors. Mr. King has assisted
entrepreneurs, investors and shareholders by facilitating growth,
increasing shareholder value, and creating liquidity through debt
and equity investments.
Mr. King has previously worked closely with hedge funds and
investors, which resulted in capital contributions in excess of
$500M.
Mr. King is also active in Newport Beach's investment community
in which he founded The Newport Capital Conference, a private
investment networking association with 7,000+ participants.
Mr. King completed his master's degree in Applied Economics from
the Mihaylo College of Business and Economics, Cal State Fullerton,
and holds a B.A. in Economics from San Diego State University with
honors and distinction in economics.
The company is pleased to announce that the BlackOak Alpha
Growth Fund, which produced its first NAV in September, has been
well received in the US and European markets. This has accelerated
the requirement of bringing on a full-time investor relations
person that will be dedicated to raising funds and liaising with
existing fund investors.
The Company also announces that Mr Andrew Dennan has resigned as
Non-executive Director of the Company, with immediate effect, after
holding his position for four years to pursue and devote more time
to his other business interests in the natural resources sector. He
will continue his involvement with the Company as a retained
advisor to the Board.
Gobind Sahney, Executive Chairman commented; "Andrew has been an
instrumental colleague and partner in the foundational years of the
Company and will continue to provide his advise and guidance to me
and the Board as we continue to grow. I know that he will be very
successful with his new venture and wish him much success."
"The Company is now positioned to start realizing its investment
in its strategies of the prior two years and is reacting to the
building demand on the team's time. Austin brings a wealth of
experience to the fund raising for the BlackOak Alpha Growth Fund
and we are very pleased to have been able to get him onboard."
We will continue to bring you updates on the other strategies as
they develop here in due course. Please be assured your Directors
are working to grow the Company and build shareholder value.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For more information, please visit www.algwplc.com or contact
the following:
Alpha Growth plc
+44 (0) 20 3959 8600
Gobind Sahney, Executive Chairman info@algwplc.com
Novum Securities Limited (Corporate Broker)
+44 (0) 207 399 9400
Colin Rowbury crowbury@novumsecurities.com
About Alpha Growth plc:
Alpha Growth plc is a financial advisory business providing
specialist consultancy, advisory, and supplementary services to
institutional and qualified investors globally in the multi-billion
dollar market of longevity assets. Building on its well-established
network, the Alpha Growth Group has a unique position in the
longevity asset services and investment business, as a listed
entity with global reach. The Group's strategy is to expand its
advisory and business services via acquisitions and joint ventures
in the UK and the US to attain commercial scale and provide
wholistic solutions to alternative institutional investors who are
in need of specialised skills and unique access to deploy their
financial resource in longevity assets.
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 or visit www.rns.com.
END
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