TIDMAPS

RNS Number : 3844N

Alpha Strategic PLC

28 September 2012

28(th) September 2012

Alpha Strategic Plc

Directorate Change

Alpha Strategic plc ("Alpha" or "the Company"), an investment company focused on acquiring minority interests in fund management businesses, is pleased to announce the appointment of Mr Alistair McKay as Chief Executive with effect from 1(st) October 2012. His appointment follows Dr Nicola Meaden Grenham's resignation in early July 2012, who remains on the Alpha board as a Non-Executive Director.

Alistair, a chartered accountant, developed his career in investment banking, specialising in mergers and acquisitions, capital raisings and IPOs in the financial services sector with a particular focus on the investment management industry. He held senior investment banking positions at Credit Suisse and Morgan Stanley and most recently was a senior advisor to Asset Management Finance ("AMF"), a US private investment firm, with a broad portfolio of minority interests in alternative, traditional long-only and wealth management firms which collectively manage over $80 billion in assets under management. Alpha has a very similar business model to AMF, albeit with the added benefit of a public listing.

Welcoming the appointment, Colin Barrow, Executive Chairman of Alpha, said "'Alistair brings first class business management skills and significant experience in the asset management sector and is the ideal person to raise the investment pace at Alpha. His appointment builds on last year's transaction with Northill which gave Alpha the platform and cash funding to execute larger transactions. Now we have the nucleus of a team that can both identify and execute value enhancing transactions and develop Alpha's potential. Alistair is expected to recruit one or two key staff to support the anticipated transaction flow, but the strategy of the Company remains to keep overheads low at all times, until deal flow warrants increasing it."

Alistair currently has no interest in the Company's shares, however will benefit from a long term incentive plan ("LTIP") which will include an interest in 500,000 ordinary shares and a programme of options, subject to conditions relating, inter alia, to future acquisitions by the Company and with restrictions on sale.

Other than detailed above, Alistair Jonathan Hastings McKay, 43, holds or has held the following directorships and/or partnerships in the previous five years:

 
 Current                         Previous 
 MCK Partners LLP                none 
 Millennium Global Investments 
  Limited 
 Golden Gates (Sandbanks) 
  Limited

There is no further information to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules for Companies.

Enquiries:

 
Alpha Strategic plc            +44 (0)20 7222 3005 
Colin Barrow 
Kit Malthouse 
 
Westhouse Securities Limited   +44 (0) 20 7601 6100 
Tom Griffiths 
 
Maitland                       +44 (0) 20 7379 5151 
Neil Bennett 
Rowan Brown

This information is provided by RNS

The company news service from the London Stock Exchange

END

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