RNS Number : 8341Z
Alfa Financial Software Hldgs PLC
09 April 2026
9 April 2026
Alfa Financial Software Holdings PLC
Vesting of award under the Long Term Incentive Plan
Alfa Financial Software Holdings PLC (the "Company") announces that the awards granted under the Company's 2017 Long Term Incentive Plan ("LTIP") on 6 April 2023 vested at 73.6% of the maximum on 7 April 2026. The number of shares vested was as disclosed in the 2025 Annual Report and Accounts, Directors' Remuneration Report. Shares were net settled to cover tax liabilities on the vesting of the awards, with the remainder retained by the recipients.
Duncan Magrath and Matthew White have informed the Company that, with the approval of the Remuneration Committee, they will transfer 124,741 and 66,492 shares, respectively, to their spouses for nil consideration.
The information contained in this notification is disclosed in accordance with the requirements of the UK Market Abuse Regulation.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Duncan Magrath
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Alfa Financial Software Holdings PLC
b)
LEI
213800C5UOZHUTNUGA28
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Alfa Financial Software Holdings PLC ordinary shares of £0.001 each
Identification code
GB00BDHXPG30
b)
Nature of the transaction
Vesting of the LTIP award granted on 6 April 2023 under the 2017 Alfa Financial Software Holdings PLC LTIP and net settlement of sufficient shares to satisfy tax liabilities.
c)
Price(s) and volume(s)
No. of shares vested
No. of shares net settled for tax
No. of shares retained
235,972
111,231
124,741
d)
Aggregated information
- Aggregated volume
As above
- Price
e)
Date of the transaction
7 April 2026
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Duncan Magrath
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Alfa Financial Software Holdings PLC
b)
LEI
213800C5UOZHUTNUGA28
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Alfa Financial Software Holdings PLC Ordinary share of £0.001 each
Identification code
GB00BDHXPG30
b)
Nature of the transaction
Transfer of 124,741shares held by Duncan Magrath to his spouse Nicola Magrath for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
nil
124,741
d)
Aggregated information
- Aggregated volume
As above
- Price
e)
Date of the transaction
7 April 2026
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nicola Magrath
2
Reason for the notification
a)
Position/status
PCA of Duncan Magrath
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Alfa Financial Software Holdings PLC
b)
LEI
213800C5UOZHUTNUGA28
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Alfa Financial Software Holdings PLC Ordinary share of £0.001 each
Identification code
GB00BDHXPG30
b)
Nature of the transaction
Receipt of 124,741shares transferred from Duncan Magrath for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
nil
124,741
d)
Aggregated information
- Aggregated volume
As above
- Price
e)
Date of the transaction
9 April 2026
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Matthew White
2
Reason for the notification
a)
Position/status
Chief Operating Officer
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Alfa Financial Software Holdings PLC
b)
LEI
213800C5UOZHUTNUGA28
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Alfa Financial Software Holdings PLC ordinary shares of £0.001 each
Identification code
GB00BDHXPG30
b)
Nature of the transaction
Vesting of the LTIP award granted on 6 April 2023 under the 2017 Alfa Financial Software Holdings PLC LTIP and net settlement of sufficient shares to satisfy tax liabilities.
c)
Price(s) and volume(s)
No. of shares vested
No. of shares net settled for tax
No. of shares retained
125,852
59,360
66,492
d)
Aggregated information
- Aggregated volume
As above
- Price
e)
Date of the transaction
7 April 2026
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Matthew White
2
Reason for the notification
a)
Position/status
Chief Operating Officer
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Alfa Financial Software Holdings PLC
b)
LEI
213800C5UOZHUTNUGA28
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Alfa Financial Software Holdings PLC Ordinary share of £0.001 each
Identification code
GB00BDHXPG30
b)
Nature of the transaction
Transfer of 66,492shares held by Matthew White to his spouse Polly White for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
nil
66,492
d)
Aggregated information
- Aggregated volume
As above
- Price
e)
Date of the transaction
7 April 2026
f)
Place of the transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Polly White
2
Reason for the notification
a)
Position/status
PCA of Matthew White
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Alfa Financial Software Holdings PLC
b)
LEI
213800C5UOZHUTNUGA28
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Alfa Financial Software Holdings PLC Ordinary share of £0.001 each
Identification code
GB00BDHXPG30
b)
Nature of the transaction
Receipt of 66,492 shares transferred from Matthew White for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
nil
66,492
d)
Aggregated information
- Aggregated volume
As above
- Price
e)
Date of the transaction
9 April 2026
f)
Place of the transaction
Outside of a trading venue
For further information:
Alfa Financial Software Holdings PLC Charlotte Caulfield Company Secretary
+44 (0)20 7588 1800
LEI Number: 213800C5UOZHUTNUGA28
Notes to Editors
Alfa has been delivering software systems and services to the global asset and automotive finance industry since 1990. Our agile methodologies and specialised knowledge of asset and automotive finance enables the delivery of large software implementations and highly complex business change projects. With an excellent delivery track record now into its fourth decade, Alfa's experience and performance is unrivalled in the industry.
Alfa Systems, our class-leading technology platform, is at the heart of some of the world's largest asset and automotive finance companies. Alfa Systems supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multijurisdictional basis, including leases/loans, originations and servicing. A cloud-native, end-to-end solution with integrated workflow and automated processing using business rules, Alfa Systems provides compelling solutions to asset finance companies.
Alfa Systems is currently live in 37 countries. Alfa has offices in Europe, Australasia and North America. For more information, visit www.alfasystems.com.
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