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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END
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