International foreign exchange and payments company Alpha Group International plc (LON:ALPH), a provider of financial solutions dedicated to companies and institutions, has announced that its common shares will be admitted to the premium trading section of the Official List of the Financial Conduct Authority (the FCA) and for trading on the main market for listed securities (the “Main Market”) of the London Stock Exchange plc at 8:00 a.m. today, and was canceled from trading on AIM.
The Company is not offering new Common Shares or other securities in connection with the Listing. Following the Listing, the Company’s Common Shares will continue to be registered under their existing ISIN: GB00BF1TM596. The Company’s symbol will continue to be ‘ALPH’.
Alpha announced plans last month to move from AIM to London’s Main Market, saying at the time that:
“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.”
The Company said that its shareholders should consult their tax advisors regarding the tax implications of the Company’s transition to the Main Market.