Alpha Fin Markets Consulting plc Staff Incentive Awards and PDMR Shareholding (1318C)
October 15 2020 - 1:00AM
UK Regulatory
TIDMAFM
RNS Number : 1318C
Alpha Fin Markets Consulting plc
15 October 2020
15 October 2020
Alpha Financial Markets Consulting plc
('Alpha FMC', 'Alpha', the 'Company' or 'Group')
Issue of new shares, vesting of incentive awards, PDMR
dealing
and total voting rights
Alpha FMC (AIM: AFM), a leading global provider of specialist
consultancy services to the Asset and Wealth Management industry,
announces that on 12 October 2020, certain of the Management
Incentive Plan ("MIP") awards granted at the time of the October
2017 AIM admission partially vested following satisfaction of
performance conditions.
The awards' performance conditions relating to EPS growth and
total shareholder return exceeding a basket of comparable companies
over three years to 12 October 2020 were met in full and the
relevant local country or divisional budgetary performance
conditions were met in full or part dependant on Alpha location. As
a result, 1,812,500 nil or nominal cost awards over ordinary shares
of 0.075 pence per share in the Company ("Ordinary Shares")
vested.
Of these vested awards, 1,031,250 awards have been exercised.
The Company will settle these exercised awards, some net settled
after taxes due, by issuing 983,947 Ordinary Shares (the "New
Ordinary Shares") . Application has been made for these New
Ordinary Shares, which will rank pari passu with the Company's
existing issued Ordinary Shares, to be admitted to trading on AIM.
It is expected that admission will become effective and that
trading in the New Ordinary Shares will commence on or around 20
October 2020. The remaining vested award holders have a further
7-year period in which to exercise their vested awards.
Of the vested awards, 250,000 relate to awards held by Euan
Fraser, a person discharging managerial responsibilities ("PDMR"),
of which all have been exercised. After exercising these vested
awards, Euan Fraser holds 615,637 MIP options and JSOP Shares
awards and he and his immediate family are beneficially interested
in 1,606,081 Ordinary Shares representing 1.58% of the Company's
total voting rights.
On 14 October 2020, the Company bought back 137,482 Ordinary
Shares from prior employees ("Reclaimed Shares") for nominal value.
All of the Reclaimed Shares will be held in the EBT for the
satisfaction of future employee awards.
In accordance with the Financial Conduct Authority's Disclosure
and Transparency Rules, following the above the Company has
106,521,966 Ordinary Shares in issue, of which none are held in
Treasury. The total number of voting rights in the Company is
101,696,026. This figure of 101,696,026 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.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide additional
detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities (PDMR) and persons closely
associated with them (PCA) required for disclosure of transactions
under Article 19 of Regulation (EU) No 596/2014 of the European
Parliament and of the Council of 16 April 2014 on market abuse
(Market Abuse Regulation)
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Euan Fraser
2 Reason for the notification
a) Position/status Global Chief Executive Officer
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Alpha Financial Markets Consulting plc
b) LEI 2138003XGYCLWLC7GF39
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 Vesting a nd exercise of share award over
financial instrument, Ordinary Shares of 0.075p each
type of instrument
Identification code ISIN: GB00BF16C058
b) Nature of the transaction Share award vesting following a grant under
the Alpha Financial Markets Consulting plc
Management Incentive Plan
Price and volume Price Volume
c) GBP1 total
consideration 250,000
d) Aggregated information As above
Date of the transaction 13 October 2020
f) Place of the transaction Outside a trading venue
E nquiries :
Alpha Financial Markets Consulting plc +44 (0)20 7796 9300
Euan Fraser, Global Chief Executive Officer
John Paton, Chief Financial Officer
Temple Bar Advisory (Public Relations)
+44 (0)7795 425
Alex Child-Villiers 580
+44 (0)7827 960
William Barker 151
+44 (0)7769 655
Sam Livingstone 437
Grant Thornton UK LLP (Nominated Adviser) +44 (0)20 7383 5100
Philip Secrett
Harrison Clarke
Seamus Fricker
Berenberg (Broker) +44 (0)20 3207 7800
Chris Bowman
Toby Flaux
Alix Mecklenburg-Solodkoff
+44 (0)7407 733
Prism Cosec (Company Secretary) 518
Sally Chandler
About Alpha FMC:
Alpha FMC is a leading global provider of specialist consultancy
services to the asset and wealth management industry.
With over 400 consultants across twelve offices spanning the UK,
Europe, North America and Asia, Alpha FMC has the largest dedicated
team in the industry. Alpha FMC has provided consultancy services
to 380 clients , including 80% of the 20 largest global asset
managers by AUM and a range of other buy-side firms.
- ENDS -
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