Alpha Group International plc, a top provider of foreign exchange services, has officially moved up to the premium list of the London Stock Exchange’s primary market. This decision is in line with the company's growth objectives and opens up the possibility of being included in the FTSE index. The company's impressive financial performance, which saw a 140% rise in profit before tax, played a key role in this transition.

Alpha Group International plc, a prominent provider of foreign exchange services, has successfully shifted to the premium list of the London Stock Exchange’s primary market, potentially leading to participation in the FTSE index.

Transition from AIM to Main Market

Originally listed on the London Stock Exchange's Alternative Investment Market (AIM) in 2017, Alpha Group revealed on Thursday its decision to move its ordinary shares to the main market for trading and gain admission to the LSE’s premium listing section. The AIM is known for its more flexible regulations catering to entrepreneurial companies, including lower free float requirements. This transition coincides with the removal of its AIM listing and is in line with the company's previous strategic plans.

Impact of the Transition

Moving to the premium market segment, with stricter revenue criteria, is believed to offer opportunities for Alpha Group, such as increased visibility, credibility, and potential inclusion in major stock market indexes like the FTSE. This shift indicates the company’s consistent growth and its aim to tap into new avenues for enhancing shareholder value.