Alpha FX Group PLC Issue of Equity (9737W)
April 24 2019 - 10:00AM
UK Regulatory
TIDMAFX
RNS Number : 9737W
Alpha FX Group PLC
24 April 2019
24 April 2019
Alpha FX Group plc
("Alpha" or "Company")
Issue of Equity
Under the terms of the Company's previously announced C Share
Growth Scheme, 863 C ordinary shares ("C Shares") in Alpha FX
Limited, the Company's main trading subsidiary, were issued to
full-time employees of the Company. The C Shares contain a put
option, such that, when and to the extent vested, they can be
converted into new ordinary shares in the Company. The rate of
conversion is that the C Shares will be regarded as worth a pro
rata share of the share price gain of the Company above a hurdle
price based upon the market price of the Company's ordinary shares
at time of allotment.
The Company notes that two participants in the C Share Growth
Scheme have chosen to convert their vested C Shares in respect of
the period to 31 December 2018. Accordingly, 1,546 new ordinary
shares will be issued to those participants.
Application has been made for the new ordinary shares to be
issued under the C Share Growth Scheme to be admitted to trading on
the AIM market of the London Stock Exchange and admission is
expected to occur on 25 April 2019. Following the issue of the new
ordinary shares, the issued share capital of the Company will
comprise 37,123,956 ordinary shares, each with one voting right.
This figure will represent the total voting rights in the Company
and may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or change to their interest in, or a
change to their interest in the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
Enquiries:
Alpha FX Group plc via Alma PR
Morgan Tillbrook, Founder and CEO
Tim Kidd, CFO
Henry Lisney, COO
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: 07780 901979
Josh Royston
Helena Bogle
Rebecca Sanders - Hewett
Notes to Editors
Alpha is a foreign exchange service provider focused on managing
exchange rate risk for corporates and institutions that trade
internationally. The Group's primary client base consists of
corporates and institutions that have a requirement to convert
currency for a commercial purpose, such as buying or selling goods
and services overseas, repatriating profits, or expatriating
payroll. Since it was incorporated in 2010, Alpha has been able to
build and retain a high-quality client base that includes a number
of highly respected household brands.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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