AFM Alpha Financial Markets Consulting Plc

TIDMAFM

RNS Number : 3723E

Alpha Fin Markets Consulting plc

07 July 2021

7 July 2021

Alpha Financial Markets Consulting plc

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

Issue of new shares, grant of incentive awards, PDMR dealing

and total voting rights

Alpha FMC (AIM: AFM), a leading global provider of specialist consultancy services to the asset management, wealth management and insurance industries, announces that the Company has made a grant of staff incentive awards.

On 6 July 2021, the Company granted 2,949,301 awards under its Management Incentive Plan ("MIP") to its management team globally, comprising 1,434,625 UK Joint Share Ownership Plan awards ("JSOP Shares") and 1,514,676 MIP share options. In addition, the Company granted 10,128 share option awards under its Employee Incentive Plan ("EIP") to employees. There will be no voting rights attached to the JSOP Shares while they are held in Alpha's Employee Benefit Trust ("EBT") .

These JSOP Shares, MIP and EIP share options (i) have a nominal or nil consideration, (ii) will vest after three to five years, (iii) have a 10 year term, and (iv) are subject to certain individual or Group performance conditions. The performance conditions of the MIP awards and JSOP Shares include: (i) relevant country or divisional FY 22 budgetary performance targets, (ii) individual sales, delivery excellence and behavioural targets, and (iii) total shareholder return of a basket of comparable companies over three years, as applicable.

A total of 1,800,000 ordinary shares of 0.075 pence per share in the Company ("New Ordinary Shares") will be issued by the Company to the EBT, of which 1,434,625 will be used for the JSOP Shares and 365,375 will be held by the EBT for the satisfaction of future share option awards. Application has been made for the 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 12 July 2021.

Following the JSOP Shares, MIP and EIP share option awards, the Company will have 10,085,777 unvested MIP and EIP share options and JSOP Shares outstanding in total, representing approximately 8.53% of the issued share capital of the Company. Within this total, 9,589,977 unvested MIP options and JSOP Shares are outstanding, including the 2,949,301 MIP options and JSOP Shares awarded on 6 July 2021. Total unvested MIP options and JSOP Shares outstanding represent approximately 8.11% of the issued share capital of the Company, of which approximately 2.49% was awarded on 6 July 2021.

As set out in the Company's AIM Admission Document, no more than 10 per cent of the total share capital of the Company from time to time shall be subject to unvested JSOP Shares, Options and RSUs that are granted under the MIP.

Of the 6 July 2021 MIP award grants, 239,735 have been granted to Euan Fraser and 83,823 have been granted to John Paton, both persons discharging managerial responsibilities ("PDMRs"). Following the grant of the MIP awards, Euan Fraser holds 855,372 MIP options and JSOP Shares awards and he and his immediate family are beneficially interested in 563,485 Ordinary Shares representing 0.50% of the Company's total voting rights. Also, further to the grant of the MIP awards, John Paton holds 352,713 MIP options and JSOP Shares and he and his immediate family are beneficially interested in 37,639 Ordinary Shares representing 0.03% of the Company's total voting rights.

Subsequent to admission, the Company will have 118,235,555 Ordinary Shares in issue, of which 6,213,628 are held in the Company's Employee Benefit Trust. No shares are held in treasury. The total number of voting rights in the Company will therefore be 112,021,927.The above figure of 112,021,927 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 Article 19 of the UK 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)

 
 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               Grant of share award over Ordinary Shares 
         financial instrument,            of 0.075p each 
         type of instrument 
 
         Identification 
         code                             ISIN: GB00BF16C058 
 b)     Nature of the transaction        Share award granted under the Alpha Financial 
                                          Markets Consulting plc Management Incentive 
                                          Plan 
        Price and volume                  Price    Volume 
   c)                                      Nil      239,735 
 d)     Aggregated information           As above 
        Date of the transaction          6 July 2021 
 f)     Place of the transaction         Outside a trading venue 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMR) and persons closely associated with them (PCA)

 
 1      Details of the person discharging managerial responsibilities 
         / person closely associated 
 a)     Name                             John Paton 
 2      Reason for the notification 
 a)     Position/status                   Chief Financial 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               Grant of share award over Ordinary shares 
         financial instrument,            of 0.075p each 
         type of instrument 
 
         Identification 
         code 
                                          ISIN: GB00BF16C058 
 b)     Nature of the transaction        Share award granted under the Alpha Financial 
                                          Markets Consulting plc Management Incentive 
                                          Plan 
        Price and volume                  Price             Volume 
   c)                                      GBP1 total 
                                            consideration    83,823 
 d)     Aggregated information           As above 
        Date of the transaction          6 July 2021 
 f)     Place of the transaction         Outside a trading venue 
 

Enquiries :

For further information, please contact:

 
                                                 +44 (0)20 7796 
 Alpha Financial Markets Consulting plc           9300 
 Euan Fraser ( Global Chief Executive Officer 
  ) 
  John Paton ( Chief Financial Officer ) 
 Investec Bank plc - Nominated Adviser, Joint    +44 (0)20 7597 
  Corporate Broker                                4000 
 Patrick Robb 
  James Rudd 
  Harry Hargreaves 
                                                 +44 (0)20 3207 
 Berenberg - Joint Corporate Broker               7800 
 Chris Bowman 
  Toby Flaux 
  Alix Mecklenburg-Solodkoff 
                                                 +44 (0)20 3757 
 Camarco - Financial PR                           4980 
 Ed Gascoigne-Pees 
  Candice Adam 
                                                 +44 (0)7407 
 Prism Cosec - Company Secretary                  733 518 
 Sally Chandler 
 

About Alpha FMC:

Alpha is a leading global provider of specialist consultancy services to the asset management, wealth management and insurance industries. With over 550 consultants across 15 offices spanning the UK, Europe, North America and APAC, Alpha has the largest dedicated team in the industry. Alpha has provided consultancy services to over 550 clients, including 90 per cent of the 20 largest global asset managers by AUM and a range of other buy-side firms.

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July 07, 2021 02:00 ET (06:00 GMT)