Interim results

RNS Number : 5869M

Alpha Growth PLC

30 April 2018

 

Monday, 30 April 2018

Alpha Growth plc

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

Interim results

Alpha Growth plc (LSE: ALGW), the alternative financial services Group in the growing Senior Life Settlement ("SLS") asset class, is pleased to announce its results for the period ended 28 February 2018.

Highlights

·    Successful IPO to the London Stock Exchange

·    The loss for the interim period was £249,962, including the listing costs of £78,617

·    Net assets as at 28 February 2018 were £366,192

Gobind Sahney, Executive Chairman commented:

"We are now focused on expanding the Company's operations and following through on the strategy of generating revenues. Since the IPO the Board have been very active in rolling out its current product offerings and is in negotiations with a range of clients and entities, some of which are at an advanced stage, which we hope to announce shortly. Furthermore, we plan to make personnel announcements that will bring a wealth of experience, relationships, and validate the Company's business plan in the near term.

I would like to take this opportunity to thank the shareholders for their continued support and work with us to build a company for the long term."

The full Interims results for the period ended 28 February 2018, can be found on the Company's website: http://algwplc.com

For more information, contact the following:

Alpha Growth plc	[phone]
Gobind Sahney, Executive Chairman	[e-mail]
Cassiopeia Services (PR/IR)	[phone]
Stefania Barbaglio	[e-mail]

The information contained within this announcement is considered to be inside information prior to its release as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

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.

 

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