Alfa Financial Software Hldgs PLC Award under the LTIP and DBSP (2824X)
April 30 2021 - 9:36AM
UK Regulatory
TIDMALFA
RNS Number : 2824X
Alfa Financial Software Hldgs PLC
30 April 2021
30 April 2021
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 were granted on 30 April 2021.
Name Position Number of awards
Duncan Magrath Chief Financial Officer 300,218
------------------------- -----------------
Matthew White Chief Operating Officer 160,116
------------------------- -----------------
The vesting date for 2021 Awards is 29 April 2024, being the
third anniversary from the award date. The 2021 Awards are in the
form of 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 were granted on 30 April
2021.
Name Position Number of awards
Duncan Magrath Chief Financial Officer 82,165
------------------------- -----------------
Matthew White Chief Operating Officer 33,314
------------------------- -----------------
The DBSP provides that 50% of the annual bonus attributable to
Executive Directors be paid in the form of restricted share awards.
Under the terms of the DBSP, the awards will become exercisable on
29 April 2024, being the third anniversary from the award date.
There are no further performance conditions associated with this
award. This is the first issue under the DBSP.
With the agreement of the Remuneration Committee, Duncan Magrath
and Matthew White informed the Company that they will transfer
75,023 and 33,314 shares respectively to their spouse for nil
consideration.
The information contained in this notification is disclosed in
accordance with the requirements of the EU 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 Initial Notification
/Amendment
--------------------------------------- ----------------------------------------------
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 Alfa Financial Software Holdings
financial instrument, plc Ordinary share of GBP0.001 each
type of instrument
Identification code GB00BDHXPG30
b) Nature of the transaction Grant of conditional share awards
under the 2017 Alfa Financial Software
Holdings PLC LTIP
--------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
Nil 300,218
------------------------------------------------------------------ --------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 30 April 2021
--------------------------------------- ----------------------------------------------
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 Operations Officer
--------------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- ----------------------------------------------
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 Alfa Financial Software Holdings
financial instrument, plc Ordinary share of GBP0.001 each
type of instrument
Identification code GB00BDHXPG30
b) Nature of the transaction Grant of conditional share awards
under the 2017 Alfa Financial Software
Holdings PLC LTIP
--------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
Nil 160,116
------------------------------------------------------------------ --------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 30 April 2021
--------------------------------------- ----------------------------------------------
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 Initial Notification
/Amendment
--------------------------------------- -------------------------------------------
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 Alfa Financial Software Holdings
financial instrument, plc Ordinary share of GBP0.001 each
type of instrument
Identification code GB00BDHXPG30
b) Nature of the transaction Grant of restricted share awards
under the Alfa Financial Software
Holdings PLC DBSP
--------------------------------------- -------------------------------------------
c) Price(s) and volume(s)
------------------- -------------------
Price(s) Volume(s)
------------------- -------------------
Nil 82,165
---------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 30 April 2021
--------------------------------------- -------------------------------------------
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 Operations Officer
--------------------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- -------------------------------------------
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 Alfa Financial Software Holdings
financial instrument, plc Ordinary share of GBP0.001 each
type of instrument
Identification code GB00BDHXPG30
b) Nature of the transaction Grant of restricted share awards
under the Alfa Financial Software
Holdings PLC DBSP
--------------------------------------- -------------------------------------------
c) Price(s) and volume(s)
------------------- -------------------
Price(s) Volume(s)
------------------- -------------------
Nil 33,314
---------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 30 April 2021
--------------------------------------- -------------------------------------------
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 Initial Notification
/Amendment
--------------------------------------- -------------------------------------------------
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 Alfa Financial Software Holdings
financial instrument, plc Ordinary share of GBP0.001 each
type of instrument
Identification code GB00BDHXPG30
b) Nature of the transaction Receipt of 75,023 shares transferred
from Duncan Magrath for nil consideration
--------------------------------------- -------------------------------------------------
c) Price(s) and volume(s)
---------------------- ----------------------
Price(s) Volume(s)
---------------------- ----------------------
nil 75,023
------------------------------------------------------------------- ----------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 30 April 2021
--------------------------------------- -------------------------------------------------
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 Initial Notification
/Amendment
--------------------------------------- ------------------------------------------------
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 Alfa Financial Software Holdings
financial instrument, plc Ordinary share of GBP0.001 each
type of instrument
Identification code GB00BDHXPG30
b) Nature of the transaction Receipt of 33,314 shares transferred
from Matthew White for nil consideration
--------------------------------------- ------------------------------------------------
c) Price(s) and volume(s)
---------------------- ---------------------
Price(s) Volume(s)
---------------------- ---------------------
nil 33,314
------------------------------------------------------------------- ---------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 30 April 2021
--------------------------------------- ------------------------------------------------
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
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END
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