Alpha Growth PLC Board Changes (9330R)

TIDMALGW

RNS Number : 9330R

Alpha Growth PLC

06 March 2019

Alpha Growth plc

("Alpha", or the "Company")

Board Changes

Alpha Growth plc (LSE: ALGW), the financial services specialist in the growing Senior Life Settlement ("SLS") asset class, is pleased to announce the appointment of Jason Sutherland to the Board in his role as Non-Executive Director.

Mr. Sutherland is the founder and Senior Partner of Citadel Legal Services LLC, based in Atlanta, Georgia and represents clients in North America, Europe and Asia predominantly within the insurance backed assets industry. Mr. Sutherland is also the Senior Vice President of Capital Markets and Senior Counsel for DRB Financial Solutions which is majority owned by the Blackstone Tactical Opportunities Group. Since joining DRB in 2015, Mr. Sutherland has negotiated and structured multiple warehousing facilities between $30m and $600m each. Also, he launched the first ever AAA rated placements of mortality backed linked annuity receivables totaling $151m.

Mr. Sutherland also recently ran $3bn of policies under the Lamington Road Fund in Dublin, Ireland which was acquired by Emergent Capital, ran Citadel's London office at the same time, and was Managing Director of DLP funding group out of London under Peach Holdings LLC, with $1.5bn under management. Prior to that Mr. Sutherland spent 12 years with the Peach Holdings Group, most recently as Managing Director of Legal and operations for Peachtree Asset Management based in London and Luxembourg, a Global leader in uncorrelated investments for institutional clients, where he obtained FCA approval, guiding the fundraising efforts, and coordinating with regulatory bodies in UK, US, Cayman Islands, Luxembourg and Ireland.

Mr. Sutherland received his Juris Doctorate in Boston in 1999 and was subsequently admitted to the State Bar of Georgia. Mr. Sutherland is also a member of the New York Bar, United States Supreme Court, Georgia Supreme Court among others, and maintains an FCA CF1, CF3, CF10 and CF11.

In addition, our CFO Rory Heier, has moved from his executive board position to become non-executive director with immediate effect. The Company plans to restructure the various committees in due course following consultation with its advisors, now the independent Board has been considerably strengthened.

Mr. Jason Sutherland commented:

"I'm very pleased to be joining Alpha at this time. I know the team well and believe they are on the verge of establishing the Alpha Group into a major player in the industry in due course."

Gobind Sahney, Executive Chairman of Alpha, commented:

"We are really pleased to announce the appointment of Jason. It is a significant capture on our part to have him join the team. As can be seen from his Bio above, he brings a wealth of experience and industry relationships to the team having organised and managed billions of policies and assets through his career. His reputation and relationships in the industry, alongside Rajiv and Danny, provides Alpha with a really strong and dependable management team, that sophisticated investors and institutions require."

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

For more information, please visit www.algwplc.com or contact the following:

 
 Alpha Growth plc                       [phone] 
 Gobind Sahney, Executive Chairman      [e-mail] 
                                       ----------------------------- 
 
 Vox Markets (Digital IR)               [phone] 
                                       ----------------------------- 
 Abraham Darwyne                        [e-mail] 
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 Novum Securities Limited (Corporate 
  Broker)                               [phone] 
                                       ----------------------------- 
 Colin Rowbury                          [e-mail] 
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About Alpha Growth plc

Specialist in Longevity Assets

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, Alpha Growth has a unique position in the longevity asset services and investment business, as a listed entity with global reach. The Company'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 [e-mail] or visit www.rns.com.

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March 06, 2019 02:02 ET (07:02 GMT)