30 April 2024
Alfa Financial Software Holdings PLC
Vesting of awards under the Long Term Incentive Plan
Alfa Financial Software Holdings PLC (the "Company") announces that the awards granted under the Company's 2017 Long Term Incentive Plan ("LTIP") on 29 April 2021 vested at 91.95% of the maximum on 29 April 2024. The number of shares vested was as disclosed in the 2023 Annual Report and Accounts, Remuneration Report. Shares were net settled to cover tax liabilities on the vesting of the awards with the remainder retained by the recipients.
Duncan Magrath and Matthew White have informed the Company that they will, with the approval of the Remuneration Committee, transfer 146,306 and 78,029 shares respectively to their spouses for nil consideration.
The information contained in this notification is disclosed in accordance with the requirements of the
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Duncan Magrath
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2
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Reason for the notification
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a)
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Position/status
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Chief Financial Officer |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Alfa Financial Software Holdings PLC |
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b)
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LEI
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213800C5UOZHUTNUGA28 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Alfa Financial Software Holdings PLC ordinary shares of |
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Identification code |
GB00BDHXPG30 |
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b)
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Nature of the transaction
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Vesting of the 2021 LTIP award granted on 29 April 2021 under the 2017 Alfa Financial Software Holdings PLC LTIP and net settlement of sufficient shares to satisfy tax liabilities. |
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c)
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Price(s) and volume(s) |
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No. of shares vested |
No. of shares net settled for tax |
No. of shares retained |
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276,050 |
129,744 |
146,306 |
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d)
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Aggregated information |
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- Aggregated volume |
As above |
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- Price |
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e)
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Date of the transaction
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29 April 2024 |
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f)
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Place of the transaction |
Outside of a trading venue |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Duncan Magrath
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2
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Reason for the notification
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a)
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Position/status
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Chief Financial Officer |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Alfa Financial Software Holdings PLC |
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b)
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LEI
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213800C5UOZHUTNUGA28 |
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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
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a)
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Description of the financial instrument, type of instrument |
Alfa Financial Software Holdings PLC Ordinary share of |
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Identification code |
GB00BDHXPG30 |
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b)
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Nature of the transaction
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Transfer of 146,306 shares held by Duncan Magrath to his spouse Nicola Magrath for nil consideration |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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nil |
146,306 |
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d)
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Aggregated information |
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- Aggregated volume |
As above |
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- Price |
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e)
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Date of the transaction
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29 April 2024 |
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f)
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Place of the transaction |
Outside of a trading venue |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Nicola Magrath
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2
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Reason for the notification
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a)
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Position/status
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PCA of Duncan Magrath |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a)
|
Name
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Alfa Financial Software Holdings PLC |
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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 financial instrument, type of instrument |
Alfa Financial Software Holdings PLC Ordinary share of |
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|
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||||
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Identification code |
GB00BDHXPG30 |
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b)
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Nature of the transaction
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Receipt of 146,306 shares transferred from Duncan Magrath for nil consideration |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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nil |
146,306 |
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d)
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Aggregated information |
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|
||||
|
- Aggregated volume |
As above |
||||
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|
|
||||
|
- Price |
|
||||
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|
||||
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e)
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Date of the transaction
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29 April 2024 |
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f)
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Place of the transaction
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Outside of a trading venue |
|||
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1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
|
a)
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Name
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Matthew White
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2
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Reason for the notification
|
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a)
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Position/status
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Chief Operating Officer |
|||
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b)
|
Initial notification /Amendment
|
Initial Notification |
|||
|
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 financial instrument, type of instrument |
Alfa Financial Software Holdings PLC ordinary shares of |
|||
|
|
|
||||
|
Identification code |
GB00BDHXPG30 |
||||
|
|
|
||||
|
b)
|
Nature of the transaction
|
Vesting of the 2021 LTIP award granted on 29 April 2021 under the 2017 Alfa Financial Software Holdings PLC LTIP and net settlement of sufficient shares to satisfy tax liabilities. |
|||
|
c)
|
Price(s) and volume(s) |
|
|
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|
|
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No. of shares vested |
No. of shares net settled for tax |
No. of shares retained |
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147,226 |
69,197 |
78,029 |
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d)
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Aggregated information |
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|||
|
|
|
||||
|
- Aggregated volume |
As above |
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e)
|
Date of the transaction
|
29 April 2024 |
|||
|
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 Operating Officer |
|||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
|||
|
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 financial instrument, type of instrument |
Alfa Financial Software Holdings PLC Ordinary share of |
|||
|
|
|
||||
|
Identification code |
GB00BDHXPG30 |
||||
|
|
|
||||
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b)
|
Nature of the transaction
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Transfer of 78,030 shares held by Matthew White to his spouse Polly White for nil consideration |
|||
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c)
|
Price(s) and volume(s) |
|
|
|
|
|
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Price(s) |
Volume(s) |
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nil |
78,029 |
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d)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
As above |
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e)
|
Date of the transaction
|
29 April 2024 |
|||
|
f)
|
Place of the transaction |
Outside of a trading venue |
|||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
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a)
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Name
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Polly White
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|||
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2
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Reason for the notification
|
||||
|
a)
|
Position/status
|
PCA of Matthew White |
|||
|
b)
|
Initial notification /Amendment
|
Initial Notification |
|||
|
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 financial instrument, type of instrument |
Alfa Financial Software Holdings PLC Ordinary share of |
|||
|
|
|
||||
|
Identification code |
GB00BDHXPG30 |
||||
|
|
|
||||
|
b)
|
Nature of the transaction
|
Receipt of 78,030 shares transferred from Matthew White for nil consideration |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
nil |
78,029 |
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|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
As above |
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e)
|
Date of the transaction
|
29 April 2024 |
|||
|
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 services to the global asset and automotive finance industry since 1990. Our agile methodologies and specialised knowledge of asset and automotive finance enables the 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 and automotive finance companies. 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. A cloud-native, 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
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