9 April 2024
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 (the "2024 Awards" or the "Awards") were granted on 9 April 2024.
| Name | Position | Number of shares subject to award |
| Duncan Magrath | Chief Financial Officer | 261,411 |
| Matthew White | Chief Operating Officer | 140,127 |
The vesting date for the 2024 Awards is 9 April 2027, being the third anniversary of the award date. The 2024 Awards are in the form of a 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 (the "DBSP Awards") were awarded on 9 April 2024.
| Name | Position | Number of shares subject to award |
| Duncan Magrath | Chief Financial Officer | 22,714 |
| Matthew White | Chief Operating Officer | 18,562 |
The Company's remuneration policy provides that not less than 50% after tax of any annual bonus awarded to Executive Directors shall be deferred into an award of shares under the DBSP. The 2024 DBSP Awards are in the form of net bonus shares, i.e. shares issued to the Executive Directors which are subject to restrictions on transfer and a risk of forfeiture until they are released on 9 April 2027, being the third anniversary of the award date. There are no further performance conditions associated with this award.
Duncan Magrath and Matthew White have informed the Company that they will, with the approval of the Remuneration Committee, transfer 22,714 and 18,562 shares respectively to their spouse for nil consideration.
The information contained in this notification is disclosed in accordance with the requirements of the UK 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 /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 £0.001 each | |||
| | | ||||
| Identification code | GB00BDHXPG30 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of a conditional share award under the 2017 Alfa Financial Software Holdings PLC LTIP
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | nil | 261,411 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | As above | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 9 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 £0.001 each | |||
| | | ||||
| Identification code | GB00BDHXPG30 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of a conditional share award under the 2017 Alfa Financial Software Holdings PLC LTIP
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | nil | 140,127 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | As above | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 9 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
| Duncan Magrath
| |||
| 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
| 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 £0.001 each | |||
| | | ||||
| Identification code | GB00BDHXPG30 | ||||
| | | ||||
| b)
| Nature of the transaction
| Issue of ordinary shares (net bonus shares) under the Alfa Financial Software Holdings PLC DBSP
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | nil | 22,714 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | As above | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 9 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 £0.001 each | |||
| | | ||||
| Identification code | GB00BDHXPG30 | ||||
| | | ||||
| b)
| Nature of the transaction
| Issue of ordinary shares (net bonus shares) under the Alfa Financial Software Holdings PLC DBSP
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | nil | 18,562 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | As above | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 9 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
| Nicola Magrath
| |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| PCA of Duncan Magrath | |||
| 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 £0.001 each | |||
| | | ||||
| Identification code | GB00BDHXPG30 | ||||
| | | ||||
| b)
| Nature of the transaction
| Agreement for transfer of shares from Duncan Magrath (Spouse) for nil consideration | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | nil | 22,714 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | As above | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 9 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
| Polly White
| |||
| 2
| 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 £0.001 each | |||
| | | ||||
| Identification code | GB00BDHXPG30 | ||||
| | | ||||
| b)
| Nature of the transaction
| Agreement for transfer of shares from Matthew White (Spouse) for nil consideration | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | nil | 18,562 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | As above | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 9 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 consultancy services to the global asset and automotive finance industry since 1990. Our best practice methodologies and specialised knowledge of asset finance facilitates 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 finance companies. Key to the business case for each implementation is Alfa Systems' ability to replace multiple customer systems with our 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, Alfa Systems provides compelling solutions to asset finance companies.
Alfa Systems is currently live in 37 countries. Alfa has offices in Europe, Australasia and North America. For more information, visit www.alfasystems.com.
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