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
Morgan Tillbrook, Founder and CEO
Tim Powell, CFO
|
Via Alma
|
Liberum
(Nominated Adviser and Joint Broker)
Max Jones
Ben Cryer
Anake Singh
|
+44 (0) 20 3100 2000
|
Peel Hunt
(Joint Broker)
Neil Patel
Paul Gillam
Kate Bannatyne
|
+44 (0) 20 7418 8900
|
Alma Strategic
Communications
(Financial
Public Relations)
Josh Royston
Andy Bryant
Kieran Breheny
|
+44 (0) 20 3405 0205
|
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.