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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alpha Growth Plc | LSE:ALGW | London | Ordinary Share | GB00BYWKBC49 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.20 | 1.10 | 1.30 | 1.20 | 1.20 | 1.20 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Management Consulting Svcs | 7.88M | 3.18M | 0.0068 | 1.76 | 5.61M |
TIDMALGW
RNS Number : 9872Z
Alpha Growth PLC
21 December 2017
21 December 2017
Alpha Growth plc
("Alpha Growth", the "Company")
First Contract Signed
Alpha Growth plc (LSE: ALGW), an innovative alternative financial services specialist in the growing Senior Life Settlement ("SLS") asset class, is pleased to announce the signing of its first contract.
Alpha Growth has secured the mandate to manage the allocation of the investment capital raised through a bond offering from a leading specialist American private wealth and asset manager (the "Client"). The Client has an existing interest in SLS assets and building upon this, has organised a debt offering specifically to invest in life settlements through leverage, and expects to issue a series of bonds. The capital raised will to be used to invest in and trade US senior life settlements.
The proceeds from the initial bond offering are expected to be EUR15 million, settling in Q1 of 2018 pending finalisation of the offering memorandum. Alpha Growth is entitled to receive an annual management fee on the committed capital and has the right to receive additional fees related to the performance of the Client's SLS portfolio.
Gobind Sahney, Executive Chairman of Alpha Growth, commented:
"We are delighted to announce this first contract for Alpha Growth and with a leading private asset manager in the longevity asset class. Winning business with clients who are already established and now growing their business interests in the longevity space is a great place for us to start our commercial operations. We look forward to working with the Client and updating the market in the course of our future business."
For more information, please visit www.algwplc.com or contact the following:
+44 (0) 207 467 Alpha Growth plc 1700 Gobind Sahney, Executive Chairman info@algwplc.com Cassiopeia Services (PR/IR) +44 (0) 7949690338 Stefania Barbaglio Stefania@cassiopeia-ltd.com
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 a 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 company news service from the London Stock Exchange
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December 21, 2017 02:00 ET (07:00 GMT)
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