Alfa Financial Software Hldgs PLC Award under LTIP & DBSP (1862I)
April 13 2022 - 2:02AM
UK Regulatory
TIDMALFA
RNS Number : 1862I
Alfa Financial Software Hldgs PLC
13 April 2022
13 April 2022
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 "2022 Awards" or the "Awards") were
granted on 12 April 2022.
Name Position Number of shares subject
to award
Duncan Magrath Chief Financial Officer 250,151
------------------------- -------------------------
Matthew White Chief Operating Officer 133,414
------------------------- -------------------------
The vesting date for the 2022 Awards is 12 April 2025, being the
third anniversary of the award date. The 2022 Awards are in the
form of nil cost options 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 "2022 DBSP Awards")
were granted after market close on 11 April 2022.
Name Position Number of shares subject
to award
Duncan Magrath Chief Financial Officer 48,503
------------------------- -------------------------
Matthew White Chief Operating Officer 30,863
------------------------- -------------------------
The Company's remuneration policy provides that not less than
50% of any annual bonus awarded to Executive Directors shall be
deferred into an award of shares under the DBSP. The 2022 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 11
April 2025, being the third anniversary of the award date. There
are no further performance conditions associated with this award.
This is the second issue under the DBSP.
Duncan Magrath and Matthew White have informed the Company that
they will, with the agreement of the Remuneration Committee,
transfer 48,503 and 30,863 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 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 nil cost options under the
2017 Alfa Financial Software Holdings
PLC LTIP
--------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price(s) Volume(s)
-------------------- --------------------
Nil cost 250,151
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 12 April 2022
--------------------------------------- ---------------------------------------------
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 nil cost options under the
2017 Alfa Financial Software Holdings
PLC LTIP
--------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price(s) Volume(s)
-------------------- --------------------
Nil cost 133,414
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 12 April 2022
--------------------------------------- ---------------------------------------------
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 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 cost 48,503
---------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 11 April 2022
--------------------------------------- -------------------------------------------
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 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 cost 30,863
---------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 11 April 2022
--------------------------------------- -------------------------------------------
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 Agreement for transfer of shares
from Duncan Magrath (Spouse) for
nil consideration
--------------------------------------- -------------------------------------------
c) Price(s) and volume(s)
------------------- -------------------
Price(s) Volume(s)
------------------- -------------------
nil 48,503
---------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 12 April 2022
--------------------------------------- -------------------------------------------
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 Agreement for transfer of shares
from Matthew White (Spouse) for nil
consideration
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
nil 30,863
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 12 April 2022
--------------------------------------- --------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- --------------------------------------------
For further information:
Alfa Financial Software Holdings
PLC
Jonathan Bradshaw
Interim Company Secretary +44 (0)20 7588 1800
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END
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