Appointments and Board changes

RNS Number : 8508S

Alpha Growth PLC

11 November 2019

 

Alpha Growth plc

("Alpha, "Group" or the "Company")

APPOINTMENT OF MR. AUSTIN KING TO BLACKOAK ALPHA GROWTH FUND AND BOARD CHANGES

Alpha Growth plc (LSE: ALGW), the financial services specialist in the growing Senior Life Settlement ("SLS") asset class, is pleased to announce that Austin B. King will be joining Alpha Growth as Investor Relations Director (non Board seat) of the BlackOak Alpha Growth Fund.  Austin King brings over seven years of experience in investment banking and financial asset marketing. He holds the following licenses and certifications from the Financial Industry Regulatory Authority Series 79, 7, 65, 63.

Austin King brings substantial investment experience to client engagements across many sectors. Mr. King has assisted entrepreneurs, investors and shareholders by facilitating growth, increasing shareholder value, and creating liquidity through debt and equity investments.

Mr. King has previously worked closely with hedge funds and investors, which resulted in capital contributions in excess of $500M.

Mr. King is also active in Newport Beach's investment community in which he founded The Newport Capital Conference, a private investment networking association with 7,000+ participants.

Mr. King completed his master's degree in Applied Economics from the Mihaylo College of Business and Economics, Cal State Fullerton, and holds a B.A. in Economics from San Diego State University with honors and distinction in economics.

The company is pleased to announce that the BlackOak Alpha Growth Fund, which produced its first NAV in September, has been well received in the US and European markets. This has accelerated the requirement of bringing on a full-time investor relations person that will be dedicated to raising funds and liaising with existing fund investors. 

The Company also announces that Mr Andrew Dennan has resigned as Non-executive Director of the Company, with immediate effect, after holding his position for four years to pursue and devote more time to his other business interests in the natural resources sector.  He will continue his involvement with the Company as a retained advisor to the Board.

Gobind Sahney, Executive Chairman commented; "Andrew has been an instrumental colleague and partner in the foundational years of the Company and will continue to provide his advise and guidance to me and the Board as we continue to grow. I know that he will be very successful with his new venture and wish him much success." 

 "The Company is now positioned to start realizing its investment in its strategies of the prior two years and is reacting to the building demand on the team's time.  Austin brings a wealth of experience to the fund raising for the BlackOak Alpha Growth Fund and we are very pleased to have been able to get him onboard."

We will continue to bring you updates on the other strategies as they develop here in due course. Please be assured your Directors are working to grow the Company and build shareholder value.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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

Alpha Growth plc

[phone]

Gobind Sahney, Executive Chairman [e-mail]

Novum Securities Limited (Corporate Broker)

[phone]

Colin Rowbury [e-mail]

About Alpha Growth plc:

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

 

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