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IN BRIEF: Alpha founder & CEO sells GBP15.0 million shares via placing

29th Sep 2023 10:13

Alpha Group International PLC - London-based investor - Founder & Chief Executive Officer Morgan Tillbrook sells 789,476 shares at a price of GBP19.00 each via a secondary placing, worth GBP15.0 million. Says this represents around 1.8% of total shares. On completion of the placing, Tillbrook will hold 5.9 million shares or around 14% of Alpha. The company will not receive any proceeds from the placing. Notes Tillbrook has agreed not to sell or otherwise dispose of any of his shares for 180 days without prior written consent of Liberum Capital Ltd and Peel Hunt LLP, alongside Alpha, followed by an orderly market period of 180 days.

Current stock price: GBP18.66, down 4.8%

12-month change: up 11%

By Greg Rosenvinge, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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