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