TIDMALFA

RNS Number : 2824X

Alfa Financial Software Hldgs PLC

30 April 2021

30 April 2021

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 were granted on 30 April 2021.

 
 Name              Position                   Number of awards 
 Duncan Magrath    Chief Financial Officer        300,218 
                  -------------------------  ----------------- 
 Matthew White     Chief Operating Officer        160,116 
                  -------------------------  ----------------- 
 

The vesting date for 2021 Awards is 29 April 2024, being the third anniversary from the award date. The 2021 Awards are in the form of conditional share award 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 were granted on 30 April 2021.

 
 Name              Position                   Number of awards 
 Duncan Magrath    Chief Financial Officer         82,165 
                  -------------------------  ----------------- 
 Matthew White     Chief Operating Officer         33,314 
                  -------------------------  ----------------- 
 

The DBSP provides that 50% of the annual bonus attributable to Executive Directors be paid in the form of restricted share awards. Under the terms of the DBSP, the awards will become exercisable on 29 April 2024, being the third anniversary from the award date. There are no further performance conditions associated with this award. This is the first issue under the DBSP.

With the agreement of the Remuneration Committee, Duncan Magrath and Matthew White informed the Company that they will transfer 75,023 and 33,314 shares respectively to their spouse for nil consideration.

The information contained in this notification is disclosed in accordance with the requirements of the EU 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 conditional share awards 
                                                 under the 2017 Alfa Financial Software 
                                                 Holdings PLC LTIP 
      ---------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ---------------------  -------------------- 
                                                 Price(s)               Volume(s) 
                                                ---------------------  -------------------- 
    Nil                                                                 300,218 
   ------------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      As above 
 
  - Price 
 
 e)    Date of the transaction                  30 April 2021 
      ---------------------------------------  ---------------------------------------------- 
 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 conditional share awards 
                                                 under the 2017 Alfa Financial Software 
                                                 Holdings PLC LTIP 
      ---------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ---------------------  -------------------- 
                                                 Price(s)               Volume(s) 
                                                ---------------------  -------------------- 
    Nil                                                                 160,116 
   ------------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      As above 
 
  - Price 
 
 e)    Date of the transaction                  30 April 2021 
      ---------------------------------------  ---------------------------------------------- 
 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                Grant of restricted share awards 
                                                 under the Alfa Financial Software 
                                                 Holdings PLC DBSP 
      ---------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                -------------------  ------------------- 
                                                 Price(s)             Volume(s) 
                                                -------------------  ------------------- 
    Nil                                                               82,165 
   ----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      As above 
 
  - Price 
 
 e)    Date of the transaction                  30 April 2021 
      ---------------------------------------  ------------------------------------------- 
 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 restricted share awards 
                                                 under the Alfa Financial Software 
                                                 Holdings PLC DBSP 
      ---------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                -------------------  ------------------- 
                                                 Price(s)             Volume(s) 
                                                -------------------  ------------------- 
    Nil                                                               33,314 
   ----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      As above 
 
  - Price 
 
 e)    Date of the transaction                  30 April 2021 
      ---------------------------------------  ------------------------------------------- 
 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                Receipt of 75,023 shares transferred 
                                                 from Duncan Magrath for nil consideration 
      ---------------------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                ----------------------  ---------------------- 
                                                 Price(s)                Volume(s) 
                                                ----------------------  ---------------------- 
    nil                                                                  75,023 
   -------------------------------------------------------------------  ---------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      As above 
 
  - Price 
 
 e)    Date of the transaction                  30 April 2021 
      ---------------------------------------  ------------------------------------------------- 
 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                Receipt of 33,314 shares transferred 
                                                 from Matthew White for nil consideration 
      ---------------------------------------  ------------------------------------------------ 
 c)    Price(s) and volume(s) 
                                                ----------------------  --------------------- 
                                                 Price(s)                Volume(s) 
                                                ----------------------  --------------------- 
    nil                                                                  33,314 
   -------------------------------------------------------------------  --------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      As above 
 
  - Price 
 
 e)    Date of the transaction                  30 April 2021 
      ---------------------------------------  ------------------------------------------------ 
 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 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHEADLEDDKFEFA

(END) Dow Jones Newswires

April 30, 2021 09:36 ET (13:36 GMT)

Alfa Financial Software (LSE:ALFA)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Alfa Financial Software Charts.
Alfa Financial Software (LSE:ALFA)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Alfa Financial Software Charts.