Alpha FX Group PLC - Proposed secondary placing of Ordinary Shares
Not for publication, distribution or release, directly or indirectly, in whole or in part, in or into
("Alpha FX" or the "Company")
Proposed secondary placing of Ordinary Shares in Alpha FX
Following the expiry of their original three year share lock-in agreement on
Details of the proposed numbers of Placing Shares to be disposed of by the Selling Shareholders are as follows:
Position in the Company
Proposed Placing Shares
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Chief Executive Officer
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Chief Financial Officer
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The Placing Shares in aggregate represent approximately 9.6% of the Company's issued share capital following the Option Exercise (as defined below). Each Selling Shareholder remains strongly aligned to the long-term success of Alpha FX. Assuming all the Placing Shares are sold, the Selling Shareholders will, following completion of the Placing, continue to hold, in aggregate, 23.8% of the issued share capital of the Company.
The sale of the Placing Shares will be effected by way of an accelerated bookbuild to institutional investors, which will be launched immediately following this announcement.
The timing for the close of the bookbuild process and the distribution of allocations will be at the absolute discretion of Liberum. The results of the Placing will be announced as soon as practicable thereafter.
The Company has been notified today that, in conjunction with the Placing,
The Company is not a party to the Placing and will not receive any proceeds from the Placing.
For further information, please contact:
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via Alma PR
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Liberum (Nominated Adviser and Sole Bookrunner)
+44 (0)20 3100 2000
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Alma PR (Financial Public Relations)
+44 (0)7780 901979
Market Abuse Regulation
This announcement is released by
MEMBERS OF THE GENERAL PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. THIS ANNOUNCEMENT AND ANY OFFER OF SECURITIES TO WHICH IT RELATES ARE ONLY ADDRESSED TO AND DIRECTED AT (1) IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA, PERSONS WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF ARTICLE 2(E) OF REGULATION (EU) 2017/1129 (THE "PROSPECTUS REGULATION"); (2) IN THE
This announcement and the information contained herein is for information purposes only and does not constitute or form part of any offer or an invitation to acquire or dispose of securities in
The Placing Shares are not being made available to the public and none of the Placing Shares are being offered or sold in any jurisdiction where it would be unlawful to do so. The Placing Shares have not been and will not be registered under the relevant laws of any of the Restricted Jurisdictions or any state, province or territory thereof and may not be offered, sold, resold, delivered or distributed, directly or indirectly in or into any Restricted Jurisdiction or to, or for the account or benefit of, any person with a registered address in, or who is a resident of or ordinarily resident in, or a citizen of, any Restricted Jurisdiction except pursuant to an applicable exemption.
The Placing Shares have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), or under the securities laws of any state or other jurisdiction of
The Placing Shares have not been approved or disapproved by the
No prospectus or offering document has been or will be prepared in connection with the Placing. Any investment decision to buy securities in the Placing must be made solely on the basis of publicly available information. Such information is not the responsibility of and has not been independently verified by the Company, the Selling Shareholders or Liberum or any of their respective affiliates.
The distribution of this announcement and the offering or sale of the Placing Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company, the Selling Shareholders or Liberum or any of their respective affiliates that would, or which is intended to, permit a public offer of the Placing Shares in any jurisdiction or possession or distribution of this announcement or any other offering or publicity material relating to the Placing Shares in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Company, the Selling Shareholders or Liberum to inform themselves about and to observe any applicable restrictions.
Liberum which is authorised and regulated by the Financial Conduct Authority in the
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