TIDMAFM

RNS Number : 1415X

Alpha Fin Markets Consulting plc

25 August 2022

25 August 2022

Alpha Financial Markets Consulting plc

('Alpha FMC', 'Alpha', the 'Company' or 'Group')

Exercise of share awards PDMR dealing, EBT share purchase, RSU vesting

and total voting rights

Alpha FMC (AIM: AFM), a leading global provider of specialist consultancy services to the asset management, wealth management and insurance industries, announces that 1,305,522 vested share options under the Joint Share Option Plan ("JSOP") were exercised on 24 August 2022 and shares were sold to cover tax. A further 31,250 Restricted Stock Units ("RSU") vested and the shares were transferred under the Company's Management Incentive Plan ("MIP").

Of the vested exercised awards, 286,343 relate to awards held by Euan Fraser and 88,105 relate to John Paton, both persons discharging managerial responsibilities ("PDMRs"), all of which have been exercised. Following the vesting John Paton sold 21,136 shares to cover taxes. After exercising these vested awards, Euan Fraser holds 778,029 MIP options and JSOP Shares awards and he and his immediate family are beneficially interested in 286,343 Ordinary Shares representing 0.25% of the Company's total voting rights. John Paton holds 287,398 MIP options and JSOP Share awards and he and his immediate family are beneficially interested in 158,741 Ordinary Shares representing 0.14% of the Company's total voting rights.

The Company will satisfy these exercised share options and vested RSUs using existing shares held in the Alpha Employee Benefit Trust ("EBT").

The Company has also been notified by Intertrust Employee Benefit Trustee Limited, the trustee of the Company's Employee Benefit Trust ("EBT"), that on 24 August 2022, the EBT purchased a total of 254,817 Ordinary Shares in the Company at a price of GBP4.425 pence per share. The shares will be held in the EBT, a discretionary trust, and are intended to be used to satisfy the exercise of share options by employees, including the Directors of the Company. Ordinary Shares held by the EBT have no dividends or voting rights.

Following the above, the Company will have 120,507,336 Ordinary Shares in issue, of which 6,546,656 are held in the Company's Employee Benefit Trust. No shares are held in treasury. The total number of voting rights in the Company will therefore be 113,960,680. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

The notifications below, made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation, provide additional detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMR) and persons closely associated with them (PCA)

 
        Details of the person discharging managerial responsibilities 
  1      / person closely associated 
 a)     Name                             Euan Fraser 
        Reason for the notification 
  2 
 a)     Position/status                   Global Chief Executive Officer 
 b)     Initial notification/Amendment   Initial Notification 
        Details of the issuer, emission allowance market participant, 
  3      auction platform, auctioneer or auction monitor 
 a)     Name                             Alpha Financial Markets Consulting plc 
 b)     LEI                              2138003XGYCLWLC7GF39 
        Details of the transaction(s): section to be repeated for (i) 
  4      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               Exercise of share award over Ordinary Shares 
         financial instrument,            of 0.075p each 
         type of instrument 
 
         Identification 
         code                             ISIN: GB00BF16C058 
 b)     Nature of the transaction        Share award exercised under the Alpha Financial 
                                          Markets Consulting plc Management Incentive 
                                          Plan 
        Price and volume                  Price             Volume 
   c)                                      GBP 1 total 
                                            consideration    286,343 
 d)     Aggregated information           As above 
        Date of the transaction          24 August 2022 
 f)     Place of the transaction         Outside a trading venue 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMR) and persons closely associated with them (PCA)

 
        Details of the person discharging managerial responsibilities 
  1      / person closely associated 
 a)     Name                             John Paton 
        Reason for the notification 
  2 
 a)     Position/status                   Chief Financial Officer 
 b)     Initial notification/Amendment   Initial Notification 
        Details of the issuer, emission allowance market participant, 
  3      auction platform, auctioneer or auction monitor 
 a)     Name                             Alpha Financial Markets Consulting plc 
 b)     LEI                              2138003XGYCLWLC7GF39 
        Details of the transaction(s): section to be repeated for (i) 
  4      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               Exercise of share award over Ordinary shares 
         financial instrument,            of 0.075p each 
         type of instrument 
 
         Identification                   ISIN: GB00BF16C058 
         code 
 b)     Nature of the transaction        Share award exercised under the Alpha Financial 
                                          Markets Consulting plc Management Incentive 
                                          Plan 
        Price and volume                  Price             Volume 
   c)                                      GBP1 total 
                                            consideration    88,105 
 d)     Aggregated information           As above 
        Date of the transaction          24 August 2022 
 f)     Place of the transaction         Outside a trading venue 
 
 
        Details of the person discharging managerial responsibilities 
  1      / person closely associated 
 a)     Name                             John Paton 
        Reason for the notification 
  2 
 a)     Position/status                   Chief Financial Officer 
 b)     Initial notification/Amendment   Initial Notification 
        Details of the issuer, emission allowance market participant, 
  3      auction platform, auctioneer or auction monitor 
 a)     Name                             Alpha Financial Markets Consulting plc 
 b)     LEI                              2138003XGYCLWLC7GF39 
        Details of the transaction(s): section to be repeated for (i) 
  4      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               Sale of Ordinary shares of 0.075p each 
         financial instrument, 
         type of instrument 
                                          ISIN: GB00BF16C058 
         Identification 
         code 
 b)     Nature of the transaction        Sale of shares to cover taxes arising on exercise 
                                          of share award 
        Price and volume                  Price        Volume 
   c)                                      GBP4 .425    2 1,136 
 d)     Aggregated information           As above 
        Date of the transaction          24 August 2022 
 f)     Place of the transaction         O utside a trading venue 
 

E nquiries :

For further information, please contact:

 
 Alpha Financial Markets Consulting plc                              +44 (0)20 7796 9300 
 Euan Fraser (Global Chief Executive Officer) 
  John Paton (Chief Financial Officer) 
 Investec Bank plc - Nominated Adviser and Joint Corporate Broker    +44 (0)20 7597 4000 
 Patrick Robb 
  James Rudd 
  Harry Hargreaves 
 Berenberg - Joint Corporate Broker                                  +44 (0)20 3207 7800 
 Chris Bowman 
  Toby Flaux 
  Alix Mecklenburg-Solodkoff 
 Camarco - Financial PR                                              +44 (0)20 3757 4980 
 Ed Gascoigne-Pees 
  Georgia Edmonds 
 Prism Cosec - Company Secretary                                     +44 (0)7407 733 518 
 Sally Chandler 
 

About Alpha FMC:

Headquartered in the UK and quoted on the AIM of the London Stock Exchange, Alpha is a leading global provider of specialist consultancy services to the asset management, wealth management and insurance industries.

Alpha has worked with all of the world's top 20 and 76% of the world's top 50 asset managers by AUM, along with a wide range of other buy-side firms. It has the largest dedicated team in the industry, with over 750 consultants globally, operating from 16 client-facing offices spanning the UK, North America, Europe and APAC.

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August 25, 2022 02:00 ET (06:00 GMT)

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