Alpha Growth PLC First Contract Signed (9872Z)
21 December 2017 - 6:00PM
UK Regulatory
TIDMALGW
RNS Number : 9872Z
Alpha Growth PLC
21 December 2017
21 December 2017
Alpha Growth plc
("Alpha Growth", the "Company")
First Contract Signed
Alpha Growth plc (LSE: ALGW), an innovative alternative
financial services specialist in the growing Senior Life Settlement
("SLS") asset class, is pleased to announce the signing of its
first contract.
Alpha Growth has secured the mandate to manage the allocation of
the investment capital raised through a bond offering from a
leading specialist American private wealth and asset manager (the
"Client"). The Client has an existing interest in SLS assets and
building upon this, has organised a debt offering specifically to
invest in life settlements through leverage, and expects to issue a
series of bonds. The capital raised will to be used to invest in
and trade US senior life settlements.
The proceeds from the initial bond offering are expected to be
EUR15 million, settling in Q1 of 2018 pending finalisation of the
offering memorandum. Alpha Growth is entitled to receive an annual
management fee on the committed capital and has the right to
receive additional fees related to the performance of the Client's
SLS portfolio.
Gobind Sahney, Executive Chairman of Alpha Growth,
commented:
"We are delighted to announce this first contract for Alpha
Growth and with a leading private asset manager in the longevity
asset class. Winning business with clients who are already
established and now growing their business interests in the
longevity space is a great place for us to start our commercial
operations. We look forward to working with the Client and updating
the market in the course of our future business."
For more information, please visit www.algwplc.com or contact
the following:
+44 (0) 207 467
Alpha Growth plc 1700
Gobind Sahney, Executive Chairman info@algwplc.com
Cassiopeia Services (PR/IR) +44 (0) 7949690338
Stefania Barbaglio Stefania@cassiopeia-ltd.com
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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