Alfa Financial Software Hldgs PLC Share Save Schemes and Directors' Dealings (1140U)
01 December 2021 - 6:00PM
UK Regulatory
TIDMALFA
RNS Number : 1140U
Alfa Financial Software Hldgs PLC
01 December 2021
1 December 2021
Alfa Financial Software Holdings PLC
Employee Share Save Schemes and Directors' Dealings
Alfa Financial Software Holdings PLC ("Alfa" or the "Company"),
a leading developer of mission-critical software for the asset
finance industry announces that on 30 November it granted options
under newly launched share save schemes in both the UK and US.
Approvals
The UK Save as You Earn Scheme ("SAYE Scheme") was approved at
the AGM on 10 May 2021. The US Employee Stock Purchase Plan
("ESPP") was approved at the AGM on 24 April 2018. The schemes are
tax qualifying under respective legislation in the UK and the
US.
Total options granted
Pursuant to the SAYE Scheme, a total of 106 employees elected to
participate, representing approximately 40% of the eligible
population and pursuant to these elections a total of 774,659
shares under Option have been granted at an exercise price of 153.6
pence, equating to 0.26% of the current issued share capital.
Subject to certain conditions being satisfied, the entitlement
to exercise the SAYE Options arises during the period 1 January
2025 to 30 June 2025.
Pursuant to the ESPP Scheme, a total of 21 employees elected to
participate, representing approximately 32% of the eligible
population and pursuant to these elections a total of 77,724 shares
under Option have been granted at an exercise price of 167.0 pence,
equating to 0.03% of the current issued share capital.
Subject to certain conditions being satisfied, the entitlement
to exercise the ESPP Options arises during the period 1 January
2024 to 29 February 2024.
Andrew Denton, Chief Executive Officer of Alfa said:
"I am delighted that we have put these Schemes in place to
facilitate wider share participation amongst our employees, and to
allow them to benefit from the growth in the Company as we seek to
deliver increasing shareholder value".
Enquiries
Alfa Financial Software Holdings
PLC
Andrew Denton, Chief Executive
Officer
Duncan Magrath, Chief Financial
Officer +44 (0)20 7588 1800
Tulchan Communications LLP
James Macey White
Victoria Boxall +44 (0)20 7353 4200
PDMR notification
For the purpose of the FCA disclosure requirements under the
Market Abuse Regime, the following additional information is
relevant to this announcement:
Included in this total of SAYE Options, the following persons
discharging management responsibility (PDMR's) were granted SAYE
Options on 30 November 2021 as set out below:
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
(PDMR)
------------------------------------------- --------------------------
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 Group 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, Ordinary shares of
type of instrument 0.1 pence each
Identification Code ISIN: GB00BDHXPG30
------------------------------------------- --------------------------
b) Nature of the transaction Grant of an option
to acquire Ordinary
Shares at an option
exercise price of
GBP1.536 per Ordinary
Share made pursuant
to Company SAYE share
scheme
------------------------------------------- --------------------------
c) Price(s) and volume(s) Price(s) 153.6p
Volume(s) 11,718
------------------------------------------- --------------------------
d) Aggregated information N/a - single transaction
------------------------------------------- --------------------------
e) Date of transaction 30 November 2021
------------------------------------------- --------------------------
f) Place of transaction Outside 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
(PDMR)
------------------------------------------- --------------------------
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 Group 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, Ordinary shares of
type of instrument 0.1 pence each
Identification Code ISIN: GB00BDHXPG30
------------------------------------------- --------------------------
b) Nature of the transaction Grant of an option
to acquire Ordinary
Shares at an option
exercise price of
GBP1.536 per Ordinary
Share made pursuant
to Company SAYE share
scheme
------------------------------------------- --------------------------
c) Price(s) and volume(s) Price(s) 153.6p
Volume(s) 11,718
------------------------------------------- --------------------------
d) Aggregated information N/a - single transaction
------------------------------------------- --------------------------
e) Date of transaction 30 November 2021
------------------------------------------- --------------------------
f) Place of transaction Outside a trading
venue
------------------------------------------- --------------------------
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 spanning three decades, 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 used by customers or has live
implementations in 26 countries and Alfa has offices in Europe,
Australasia and North America. For more information, visit
www.alfasystems.com.
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