REG - Alfa Financial Soft - Award under the LTIP and DBSP
15/04/2025 13:00
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RNS Number : 1353F Alfa Financial Software Hldgs PLC 15 April 2025
15 April 2025
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
"2025 Awards" or the "Awards") were granted on 14 April 2025.
Name Position Number of shares subject to award
Duncan Magrath Chief Financial Officer 228,165
Matthew White Chief Operating Officer 122,669
The vesting date for the 2025 Awards is 18 April 2028. The 2025 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 14 April
2025.
Name Position Number of shares subject to award
Duncan Magrath Chief Financial Officer 33,636
Matthew White Chief Operating Officer 26,889
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 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
14 April 2028. There are no further performance conditions associated with
this award.
With the approval of the Remuneration Committee, Duncan Magrath and Matthew
White have informed the Company that they will transfer 33,636 and 26,889
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 228,165
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 14 April 2025
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 122,669
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 14 April 2025
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 Issuance 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 33,636
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 14 April 2025
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 33,636 shares held by Duncan Magrath to his spouse Nicola Magrath
for nil consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 33,636
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 15 April 2025
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 shares transferred from Duncan Magrath for nil consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 33,636
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 15 April 2025
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 Issuance 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 26,889
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 14 April 2025
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 shares held by Matthew White to his spouse Polly White for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 26,889
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 15 April 2025
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 shares transferred from Matthew White for nil consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 26,889
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 15 April 2025
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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