REG - Alfa Financial Soft - Vesting of awards under the LTIP
15/04/2025 13:00
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RNS Number : 1348F Alfa Financial Software Hldgs PLC 15 April 2025
15 April 2025
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 12 April
2022 vested at 87% of the maximum on 14 April 2025. The number of shares
vested was as disclosed in the 2024 Annual Report and Accounts, Directors'
Remuneration Report. Shares were net settled to cover tax liabilities on the
vesting of the awards, with the remainder retained by the recipients.
With the approval of the Remuneration Committee, Duncan Magrath and Matthew
White have informed the Company that they will transfer 115,064 and 61,332
shares respectively to their spouses 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 shares of £0.001 each
Identification code GB00BDHXPG30
b) Nature of the transaction Vesting of the LTIP award granted on 12 April 2022 under the 2017 Alfa
Financial Software Holdings PLC LTIP and sale of sufficient shares to satisfy
tax liabilities.
c) Price(s) and volume(s)
No. of shares vested No. of shares sold for tax No. of shares retained
217,631 102,287 115,064
d) Aggregated information
- Aggregated volume 102,287
- Price 204.3
e) Date of the transaction 14 April 2025
f) Place of the transaction XLON
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 Transfer of 115,064 shares held by Duncan Magrath to his spouse Nicola
Magrath for nil consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 115,064
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 15 April 2025
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 Receipt of 115,064 shares transferred from Duncan Magrath for nil
consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 115,064
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 15 April 2025
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 shares of £0.001 each
Identification code GB00BDHXPG30
b) Nature of the transaction Vesting of the LTIP award granted on 12 April 2022 under the 2017 Alfa
Financial Software Holdings PLC LTIP and sale of sufficient shares to satisfy
tax liabilities.
c) Price(s) and volume(s)
No. of shares vested No. of shares sold for tax No. of shares retained
116,070 54,738 61,332
d) Aggregated information
- Aggregated volume 54,738
- Price 204.3
e) Date of the transaction 14 April 2025
f) Place of the transaction XLON
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 Transfer of 61,332 shares held by Matthew White to his spouse Polly White for
nil consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 61,332
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 15 April 2025
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 Receipt of 61,332 shares transferred from Matthew White for nil consideration
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 61,332
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 15 April 2025
f) Place of the transaction Outside of a trading venue
For further information:
Alfa Financial Software Holdings PLC +44 (0)20 7588 1800
Charlotte Caulfield
Company Secretary
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 Europe,
Australasia and North America. For more information,
visit www.alfasystems.com (http://www.alfasystems.com/) .
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