TIDMALFA

RNS Number : 1092V

Alfa Financial Software Hldgs PLC

04 April 2019

4 April 2019

Alfa Financial Software Holdings PLC

Directorate Change

Alfa Financial Software Holdings PLC (the "Company") announces that Viv Maclachlan, Chief Financial Officer, has notified the Board of her intention to step down in order to pursue new opportunities, and it has therefore been agreed that she will leave the Board with effect from the Annual General Meeting on 26 April 2019 ("2019 AGM").

The Board will commence a search for Viv's successor and her responsibilities will be transitioned to a strong and established finance team. Additionally the Board would like to thank Viv for her contribution to the Company since joining Alfa in September 2016, ahead of the Company's successful IPO in June 2017. We all wish her the best for the future.

Further to this announcement, the Board intends to withdraw resolution number 4 as set out in the Notice of Annual General Meeting dated 19 March 2019 (the "Notice") relating to her re-election as a director.

The remaining resolutions as set out in the Notice will be put to shareholders at the 2019 AGM, with results being announced following the conclusion of the meeting. The withdrawal of resolution 4 does not affect the validity of the proxy form circulated to shareholders in respect of the 2019 AGM or any proxy votes already submitted.

The 2019 AGM will be held at 15:00 (GMT) on Friday 26 April 2019 at the offices of White & Case LLP, 5 Old Broad Street, London EC2N 1DW.

Enquiries

 
 Alfa Financial Software Holdings 
  PLC 
  Andrew Denton, Chief Executive 
  Officer 
  Andrew Page, Chairman              +44 (0)20 7588 1800 
 Tulchan Communications LLP 
  James Macey White 
  Matt Low 
  Deborah Roney                      +44 (0)20 7353 4200 
 Barclays 
  Robert Mayhew 
  Edward Hill                        +44 (0)20 7623 2323 
 Numis 
  Simon Willis 
  Jonathan Abbott 
  Tom Ballard                        +44 (0)20 7260 1000

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) ("MAR") prior to its release as part of this announcement and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Notes to Editors

Alfa has been delivering systems and consultancy services to the global asset and automotive finance industry since 1990. Our best practice methodologies and specialised knowledge of asset finance mean that we deliver the largest software implementations and most complex business change projects. With an excellent delivery history over nearly three decades in the industry, Alfa's track record is unrivalled.

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 client systems on a 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, the opportunities that Alfa Systems presents to asset finance companies are clear and compelling.

Alfa Systems is used by customers in more than 25 countries and Alfa has offices in Europe, Asia-Pacific and North America. For more information, visit www.alfasystems.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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