Alpha Group International plc (LON:ALPH), a provider of financial solutions, dedicated to corporates and institutions, today confirmed its intention to apply for Alpha’s ordinary shares to be admitted to the premium listing segment of the Official List and to be traded on the main market for listed securities of the London Stock Exchange plc.
The company’s listing on AIM will be cancelled with effect from Admission, envisaged during May 2024.
The company commented:
“Our business is growing in size, becoming more global, and gaining interest from increasingly larger clients. We believe that a Main Market Premium listing will serve to further enhance our reputation and support our market penetration as we move into additional countries and engage larger clients.
At the same time, Premium Listing standards will align with Alpha’s commitment to providing higher levels of governance and disclosure, both of which we know will continue to be well-received by our clients, banking partners and investors alike”.
Admission is subject to (i) the approval by the FCA of a Prospectus and admission to the premium listing segment of the Official List; and (ii) admission by the London Stock Exchange to trading of the ordinary shares on the Main Market.
Subject to satisfaction of these conditions, Admission is expected to occur, and the Company’s listing on AIM to be cancelled simultaneously on a date not earlier than 2 May 2024 (being at least 20 business days after the date of this announcement).
Admission is not expected to be conditional upon any shareholder approval.
