TIDMALFA
RNS Number : 6819V
Alfa Financial Software Hldgs PLC
06 April 2023
6 April 2023
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 "2023 Awards" or the "Awards") were
granted on 6 April 2023.
Name Position Number of shares subject
to award
Duncan Magrath Chief Financial Officer 320,833
------------------------- -------------------------
Matthew White Chief Operating Officer 171,111
------------------------- -------------------------
The vesting date for the 2023 Awards is 6 April 2026, being the
third anniversary of the award date. The 2023 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 "2023 DBSP Awards")
were awarded on 6 April 2023.
Name Position Number of shares subject
to award
Duncan Magrath Chief Financial Officer 51,996
------------------------- -------------------------
Matthew White Chief Operating Officer 33,601
------------------------- -------------------------
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 2023
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 6
April 2026, being the third anniversary of the award date. There
are no further performance conditions associated with this award.
This is the third issue under the DBSP.
Duncan Magrath and Matthew White have informed the Company that
they will, with the approval of the Remuneration Committee,
transfer 51,996 and 33,601 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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Duncan Magrath
--------------------------------------- ---------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Alfa Financial Software Holdings
plc
--------------------------------------- ---------------------------------------------
b) LEI 213800C5UOZHUTNUGA28
--------------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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
type of instrument Ordinary share of GBP0.001 each
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 320,833
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 6 April 2023
--------------------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- ---------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Matthew White
--------------------------------------- ---------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
--------------------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Alfa Financial Software Holdings
plc
--------------------------------------- ---------------------------------------------
b) LEI 213800C5UOZHUTNUGA28
--------------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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 171,111
----------------------------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 6 April 2023
--------------------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- ---------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Duncan Magrath
--------------------------------------- -------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- -------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name Alfa Financial Software Holdings
plc
--------------------------------------- -------------------------------------------
b) LEI 213800C5UOZHUTNUGA28
--------------------------------------- -------------------------------------------
Details of the transaction(s): section to be repeated
4 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 51,996
---------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 6 April 2023
--------------------------------------- -------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- -------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Matthew White
--------------------------------------- -------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
--------------------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- -------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name Alfa Financial Software Holdings
plc
--------------------------------------- -------------------------------------------
b) LEI 213800C5UOZHUTNUGA28
--------------------------------------- -------------------------------------------
Details of the transaction(s): section to be repeated
4 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 33,601
---------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 6 April 2023
--------------------------------------- -------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- -------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Nicola Magrath
--------------------------------------- -------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------
a) Position/status PCA of Duncan Magrath
--------------------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- -------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name Alfa Financial Software Holdings
PLC
--------------------------------------- -------------------------------------------
b) LEI 213800C5UOZHUTNUGA28
--------------------------------------- -------------------------------------------
Details of the transaction(s): section to be repeated
4 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 51,996
---------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 6 April 2023
--------------------------------------- -------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- -------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Polly White
--------------------------------------- -------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------
a) Position/status PCA of Matthew White
--------------------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- -------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name Alfa Financial Software Holdings
PLC
--------------------------------------- -------------------------------------------
b) LEI 213800C5UOZHUTNUGA28
--------------------------------------- -------------------------------------------
Details of the transaction(s): section to be repeated
4 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 33,601
---------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 6 April 2023
--------------------------------------- -------------------------------------------
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
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 .
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END
DSHUPUWWCUPWGCQ
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