Alpha Group Ascends to LSE’s Premium Listing, Sets Sights on FTSE Index

• Alpha Group International plc, a foreign exchange service provider, has confirmed its upgrade to the premium list of the London Stock Exchange’s main market.
• This strategic move aligns with the company’s expansion plans and sets the stage for possible inclusion in the FTSE index.
• The company’s strong financial performance, including a 140% increase in profit before tax, has been a significant factor in this transition.

Alpha Group International plc, a leading foreign exchange service provider, has successfully transitioned to the premium list of the London Stock Exchange’s main market, paving the way for potential inclusion in the FTSE index.

Transition from AIM to Main Market

Alpha Group, initially listed on the LSE’s Alternative Investment Market (AIM) in 2017, announced on Thursday that it would transition its ordinary shares to be traded on the main market and be admitted to the LSE’s premium listing segment. The AIM is known for its more flexible criteria for entrepreneurial companies regarding aspects such as minimum free float. This move coincides with the cancellation of its AIM listing and aligns with the company’s previously stated plans.

Implications of the Shift

The shift to the premium market segment, which imposes more stringent revenue requirements, is said to ena... Read the full article for FREE at COINOTAG!