Alpha FX Group PLC Trading Update (9303Z)
27 May 2021 - 4:00PM
UK Regulatory
TIDMAFX
RNS Number : 9303Z
Alpha FX Group PLC
27 May 2021
27 May 2021
Alpha FX Group plc
("Alpha FX" or the "Group")
Trading Update
Alpha FX Group plc (AIM: AFX), a provider of FX risk management
and alternative banking solutions to corporates and institutions
internationally, today announces a trading update for the year
ending 31 December 2021.
Trading in the five months to date has been very positive across
all aspects of the business. Our Institutional and Alpha Platform
Solutions divisions in the UK, along with our overseas offices in
Canada and Amsterdam have all delivered excellent year-on-year
growth. Our more established Corporate division has also
demonstrated strong growth, as well as being the talent incubator
for future leaders to launch Alpha into new markets.
As a result of the performance to date, the Board is optimistic
that, providing the situation under COVID-19 does not deteriorate,
the Group is on track to exceed current expectations for the full
year.
The Board intends to publish a further update on trading post
the half year end in line with previous years, in mid-July, with
interim results published in early September.
Enquiries:
Alpha FX Group plc
via Alma PR
Morgan Tillbrook, Founder and CEO
Tim Kidd, CFO
Liberum Capital Limited (Nominated Adviser and Sole Broker) Tel: +44 (0) 20 3100 2000
Neil Patel
Richard Bootle
Kane Collings
Alma PR (Financial Public Relations) Tel: +44 0203 405 0205
Josh Royston
Andy Bryant
Kieren Breheny
Notes to Editors
Alpha provides FX risk management and alternative banking
solutions to corporates and institutions across the UK, Europe and
Canada. Combining leading expertise and technology, the Group
partners with a small number of high value clients, to provide
enterprise-level solutions across four key areas: FX risk
management, international payments, accounts and collections.
Since it was incorporated in 2010, Alpha FX has been able to
build and retain a high-quality client base that includes a number
of highly respected brands.
Market Abuse Regulation
This announcement is released by Alpha FX Group plc and contains
inside information for the purposes of the Market Abuse Regulation
(EU) 596/2014 ("MAR") and is disclosed in accordance with the
Company's obligations under Article 17 of MAR. The person who
arranged for the release of this announcement on behalf of Alpha FX
Group plc was Tim Kidd, Chief Financial Officer.
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END
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