Block Admission Application

RNS Number : 3627F

Alpha FX Group PLC

22 March 2022

 

22 March 2022

Alpha FX Group plc

("Alpha FX" or the "Company")

Block Admission Application

Alpha FX Group plc (AIM: AFX), a high-tech, high-touch provider of FX risk management, accounts and payments solutions to corporates and institutions internationally, announces that application has been made to the London Stock Exchange for the block admission of 108,671 new ordinary shares of £0.002 each in the Company  ("Ordinary Shares").

As disclosed in the Company's Full Year Results on 16 March 2022, it is expected that these Ordinary Shares will be issued over the next few months under the Save As You Earn (SAYE) Scheme, with the date of allotment dependent on when employees elect to exercise their option during the prescribed window.

When issued, the Ordinary Shares under the block listing will rank pari passu with the Company's existing issued Ordinary Shares. It is expected that admission will become effective on 25 March 2022.

Following the Block Admission, the Company's issued share capital will remain unchanged at 42,088,171 Ordinary Shares. The Company will make six-monthly announcements of the utilisation of the Block Admission, in line with its obligations under AIM Rule 29. The Company will also update the market with the total voting rights at the end of the month in which an option exercise has occurred.

Enquiries: Alpha FX Group plc	via Alma PR
Morgan Tillbrook, Founder and CEO
Tim Kidd, CFO
Liberum Capital Limited  (Nominated Adviser and Sole Broker)	Tel: [phone]
Neil Patel
Cameron Duncan
Kane Collings
Alma PR (Financial Public Relations)	Tel: [phone]
Josh Royston
Andy Bryant
Kieran Breheny

 

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