REG - Alfa Financial Soft - Award under the LTIP and DBSP
09/04/2024 16:30
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RNS Number : 9113J Alfa Financial Software Hldgs PLC 09 April 2024
9 April 2024
Alfa Financial Software Holdings PLC
Long Term Incentive Plan Award
Award under the Deferred Bonus Share Plan
Long Term Incentive Plan
Alfa Financial Software Holdings PLC (the "Company") announces that under the
Company's 2017 Long Term Incentive Plan ("LTIP"), the following awards (the
"2024 Awards" or the "Awards") were granted on 9 April 2024.
Name Position Number of shares subject to award
Duncan Magrath Chief Financial Officer 261,411
Matthew White Chief Operating Officer 140,127
The vesting date for the 2024 Awards is 9 April 2027, being the third
anniversary of the award date. The 2024 Awards are in the form of a
conditional share award and vesting will be in accordance with performance
conditions. No consideration is payable for the grant of an Award.
Deferred Bonus Share Plan
The Company announces that under the Company's Deferred Bonus Share Plan
("DBSP"), the following awards (the "DBSP Awards") were awarded on 9 April
2024.
Name Position Number of shares subject to award
Duncan Magrath Chief Financial Officer 22,714
Matthew White Chief Operating Officer 18,562
The Company's remuneration policy provides that not less than 50% after tax of
any annual bonus awarded to Executive Directors shall be deferred into an
award of shares under the DBSP. The 2024 DBSP Awards are in the form of net
bonus shares, i.e. shares issued to the Executive Directors which are subject
to restrictions on transfer and a risk of forfeiture until they are released
on 9 April 2027, being the third anniversary of the award date. There are no
further performance conditions associated with this award.
Duncan Magrath and Matthew White have informed the Company that they will,
with the approval of the Remuneration Committee, transfer 22,714 and 18,562
shares respectively to their spouse 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 share of £0.001 each
Identification code GB00BDHXPG30
b) Nature of the transaction Grant of a conditional share award under the 2017 Alfa Financial Software
Holdings PLC LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 261,411
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 9 April 2024
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 Grant of a conditional share award under the 2017 Alfa Financial Software
Holdings PLC LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 140,127
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 9 April 2024
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 Issue of ordinary shares (net bonus shares) under the Alfa Financial Software
Holdings PLC DBSP
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 22,714
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 9 April 2024
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 Issue of ordinary shares (net bonus shares) under the Alfa Financial Software
Holdings PLC DBSP
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 18,562
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 9 April 2024
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 Agreement for transfer of shares from Duncan Magrath (Spouse) for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 22,714
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 9 April 2024
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 Agreement for transfer of shares from Matthew White (Spouse) for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 18,562
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 9 April 2024
f) Place of the transaction Outside of a trading venue
For further information:
Alfa Financial Software Holdings PLC +44 (0)20 7588 1800
Charlotte Caulfield
Company Secretary
LEI Number: 213800C5UOZHUTNUGA28
Notes to Editors
Alfa has been delivering software systems and consultancy services to the
global asset and automotive finance industry since 1990. Our best practice
methodologies and specialised knowledge of asset finance facilitates 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 finance companies. Key to the business case for
each implementation is Alfa Systems' ability to replace multiple customer
systems with our single platform. 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.
An 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 (http://www.alfasystems.com) .
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