REG - Alpha Fin. Markets - Incentive awards, EBT share purchase & TVR

Alpha Financial Markets ConsultingAnnouncement

17/01/2024 14:30

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RNS Number : 0304A  Alpha Fin Markets Consulting plc  17 January 2024

17 January 2024

 

Alpha Financial Markets Consulting plc

('Alpha FMC', 'Alpha', the 'Company' or 'Group')

Grant of incentive awards, EBT share purchase

and total voting rights

 

Alpha FMC (AIM: AFM), a leading global consultancy to the financial services
industry, announces that the Company has made a grant of staff incentive
awards under the Company's Management Incentive Plan ("MIP").

On 15 January 2024, the Company granted 76,008 awards under its MIP to its
management team globally, comprising 3,681 UK Joint Share Ownership Plan
awards ("JSOP Shares") and 72,327 MIP share options ("MIP Awards").  These
JSOP Shares and MIP Awards (i) have a nominal or nil consideration; (ii) will
vest after three years; (iii) have a 10-year term; and (iv) are subject to
performance conditions consistent with the FY 24 awards announced in July
2023.

Following the 76,008 MIP Awards and JSOP Shares awarded on 15 January, the
Company will have 9,010,131 unvested MIP and JSOP Shares outstanding in total.
The total unvested MIP options and JSOP Shares outstanding represent
approximately 7.38% of the issued share capital of the Company, of which
approximately 2.30% has been awarded in FY 24.

As set out in the Company's AIM Admission Document, no more than 10% of the
total share capital of the Company from time to time shall be subject to
unvested JSOP Shares, Options and Restricted Stock Unit ("RSU") awards that
are granted under the MIP.

The Company has also been notified by Intertrust Employee Benefit Trustee
Limited, the trustee of the Company's Employee Benefit Trust ("EBT"), that the
EBT purchased a total of 1,200 Ordinary Shares in the Company at a price of
£3.675 pence per share.  The shares will be held in the EBT, a discretionary
trust, and are intended to be used to satisfy the exercise of share options by
employees, including the Directors of the Company.

Following the above, the Company will have 122,009,736 Ordinary Shares in
issue, of which 7,553,889 are held in the Company's EBT.  No shares are held
in treasury. The total number of voting rights in the Company will therefore
be 122,009,736. This figure includes the 7,553,889 Ordinary Shares currently
held in the EBT as the Ordinary Shares hold voting rights albeit the EBT does
not exercise these voting rights nor receive dividends in respect of these
shares. Therefore, 114,455,847 Ordinary Shares have exercisable voting rights
and the Group's earnings per share calculation excludes the 7,553,889 Ordinary
Shares held by the EBT.

This figure 122,009,736 may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure and Transparency
Rules.

 

 

Enquiries:

For further information, please contact:

 Alpha Financial Markets Consulting plc                            +44 (0)20 7796 9300
 Luc Baqué (Chief Executive Officer)

 John Paton (Chief Financial Officer)

 Georgina Sharley (Company Secretary)
 Investec Bank plc - Nominated Adviser and Joint Corporate Broker  +44 (0)20 7597 4000
 Patrick Robb

 James Rudd

 Harry Hargreaves
 Berenberg - Joint Corporate Broker                                +44 (0)20 3207 7800
 Toby Flaux

 James Thompson

 Alix Mecklenburg-Solodkoff
 Camarco - Financial PR                                            +44 (0)20 3757 4980
 Ed Gascoigne-Pees

 Phoebe Pugh

 

About Alpha FMC:

 

Headquartered in the UK and quoted on the Alternative Investment Market of the
London Stock Exchange, Alpha is a leading global consultancy to the financial
services industry.

Alpha combines highly specialist, sector-focussed management consulting and
technology expertise to support the client transformation lifecycle. It has
over 1,000 consultants globally, operating from 17 client-facing
offices spanning the UK, North America, Europe and APAC.

- ENDS -

 

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