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Alpha Growth PLC on Monday said it plans to delist from the London Stock Exchange, citing limited investor interest and strategic flexibility for future acquisitions. The London-based financial services company said its small market capitalisation has restricted institutional investment and that regulatory changes following the UK’s listing rule reforms have added further complexity to its growth plans. By delisting, Alpha Growth said it can pursue material acquisitions more efficiently and expects to seek a relisting on the LSE’s ’Commercial Companies’ category in the future. However, it cautioned there is no guarantee on the timing of a potential re-listing. The company said it has also faced difficulties appointing a new auditor due to its status as a ’Public Interest Entity’, with UK firms reluctant to take on new PIE clients under tighter Financial Reporting Council oversight. Alpha Growth said: ‘The delisting will further reduce the risk for the first year of appointment as the company will not be a PIE for the upcoming accounting period and a number of prospective auditors have indicated that accepting the appointment will be easier following the delisting. This has further contributed to the decision to delist.’ Alpha Growth expects its LSE exit to take effect from April 15, 2025. Its shares will no longer trade on the exchange, and it will no longer be subject to LSE listing rules or the UK Market Abuse Regulation. However, it will remain a public company and subject to the Takeover Code. Chair Gobind Sahney said: ‘The delisting of Alpha Growth’s shares, albeit for what we expect to be a short period, will allow us the mechanism to explore and progress some substantive value accretive activities whilst also allowing us to appoint an auditor who can support us whilst we significantly grow our assets under management, revenue and profit. ‘Shareholders will continue to hold shares in the company, and it is our intention to re-list in the near future at a price which we hope demonstrates the board’s ability to generate shareholder value. We would like to thank our existing shareholders for their continued support as we take these necessary steps to realise true shareholder value.’ The company said it will publish its interim results for 2024 by March 31. Shares in Alpha Growth were down 4.0% at 1.20 pence in London of Monday afternoon. Copyright 2025 Alliance News Ltd. All Rights reserved.
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