Appointment of new Strategic Advisor

RNS Number : 1894C

Alpha Growth PLC

21 February 2022

 

21 February 2022

Alpha Growth Plc

("Alpha", or the "Company")

Appointment of new Strategic Advisor

Alpha Growth Plc (LSE: ALGW and OTCQB: ALPGF), a leading financial services specialist in the growing longevity asset class, is pleased to announce the appointment of Mark Ward as a Strategic Advisor to the Company.

Mark founded UK-based technology services provider Hunter Macdonald in 2013 and led its growth to circa 500 employees globally, its clients included public sector organisations such as HM Treasury, the Ministry of Defence and the Home Office, as well as private sector companies such as RBS, Airbus and Rolls-Royce .

In 2017, Hunter Macdonald was recognized as the UK's fastest growing IT Services company by the Sunday Times Tech Track after achieving a compounded annual growth rate of 273 per cent over three years. His company joined forces with Denmark's Netcompany group in 2017 to create a significant new pan European IT Services company which today totals over 6,000 employees.

Prior to founding Hunter Macdonald, Mark held senior director level roles at technology companies including Verizon and BT, as well as FTSE100 life insurance company Friends Life and leading professional services firm PwC.

Mark holds approximately 20.8% of the Company's issued share capital and has elected not to be compensated for this appointment.

Mark Ward commented:

"I've been invested in Alpha Growth Plc for some time now and have been hugely impressed by the rapid growth already achieved by Gobind and the Alpha team.

I'm very excited about the future potential of the company and I am looking forward to working with the board as we continue to grow the business and execute upon our already successful buy and build strategy.

A key part of my role will be opening up our investment propositions to a wider audience via innovations in insurtech, improving our digital footprint and enhancing shareholder communications."

Gobind Sahney, Executive Chairman of Alpha Growth Plc commented:

"Mark has been a very supportive shareholder and I am very pleased he has accepted my invitation to join Alpha Growth as a Strategic Advisor at this exciting time in our evolution.

He has a huge amount of experience scaling successful businesses and his background in M&A, technology transformation, communications and digital marketing will be invaluable as we progress a number of our key strategic growth initiatives in both our fund and insurance segments.

I look forward to updating our shareholder base on further company progress later this month."

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

	Alpha Growth Plc		[phone]
	Gobind Sahney, Executive Chairman		[e-mail]
	BlackOak Alpha Growth Funds		[phone]
			www.boagf.com
	Arden Partners plc		[phone]
	Ruari McGirr / Alexandra Campbell-Harris (Corporate Finance)
UK Investor Relations - Mark Treharne		[e-mail]

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, 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 holistic solutions to alternative institutional investors who are in need of specialised skills and unique access to deploy their financial resource in longevity assets.

Longevity Assets and Non-correlation

As a longevity asset, it is non-correlated to the real estate, equity capital and commodity markets.  Its value is a function of time because as time passes the value gets closer to the face value of the policy. Hence creating a steady increase in the net asset value of the investment. This makes it highly attractive to investors wishing to counteract volatility within an investment portfolio and add yield.

Note: The Company only advises on and manages Longevity Assets that originate in the USA where the structured and life settlement market is highly regulated.

Forward Looking Statements Disclaimer

Certain statements, beliefs and opinions in this document are forward-looking, which reflect the Company's or, as appropriate, the Company's directors' current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward- looking statements, which speak only as of the date of this document.  Readers should not treat the contents of this document as advice relating to legal, taxation or investment matters, and are to make their own assessments concerning these and other consequences, including the merits of information and the risks.  Readers of this announcement are advised to conduct their own due diligence and agree to be bound by the limitations of this disclaimer.

Important Notice

The content of this announcement has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (FSMA). This announcement has been issued by and is the sole responsibility of the Company. The information in this announcement is subject to change.

This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold, directly or indirectly, in or into the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States. This announcement is not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, the Republic of South Africa, Japan or any jurisdiction where to do so might constitute a violation of local securities laws or regulations (a Prohibited Jurisdiction). This announcement and the information contained herein are not for release, publication or distribution, directly or indirectly, to persons in a Prohibited Jurisdiction unless permitted pursuant to an exemption under the relevant local law or regulation in any such jurisdiction.

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