Alfa Financial Software Hldgs PLC Vesting of awards under the LTIP (3809B)
01 June 2023 - 10:46PM
UK Regulatory
TIDMALFA
RNS Number : 3809B
Alfa Financial Software Hldgs PLC
01 June 2023
1 June 2023
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 3 June 2020 vested in full on 1 June
2023. The number of shares vesting was as disclosed in the
Remuneration Report in the 2022 Annual Report and Accounts. Shares
were sold to cover tax liabilities on the vesting of the awards
with the remainder retained by the recipents.
The information contained in this notification is disclosed in
accordance with the requirements of the UK Market Abuse
Regulation.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Duncan Magrath
--------------------------- ------------------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------- ------------------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- ------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Alfa Financial Software Holdings PLC
--------------------------- ------------------------------------------------------
b) LEI 213800C5UOZHUTNUGA28
--------------------------- ------------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Alfa Financial Software Holdings PLC
financial instrument, ordinary shares of GBP0.001 each
type of instrument
Identification code GB00BDHXPG30
b) Nature of the transaction Vesting of the 2020 LTIP award granted
on 3 June 2020 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 No. of shares Sale No. of shares
shares sold price retained
ve sted per share
--------- -------------- ----------- --------------
740,242 347,914 GBP1.6125 392,328
--------- --------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 1 June 2023
--------------------------- ------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------- ------------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Matthew White
---------------------------- -----------------------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
---------------------------- -----------------------------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------- -----------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------
a) Name Alfa Financial Software Holdings PLC
---------------------------- -----------------------------------------------------------
b) LEI 213800C5UOZHUTNUGA28
---------------------------- -----------------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Alfa Financial Software Holdings PLC ordinary
the financial instrument, shares of GBP0.001 each
type of instrument
Identification GB00BDHXPG30
code
b) Nature of the transaction Vesting of the 2020 LTIP award granted on
3 June 2020 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 No. of shares Sale No. of shares
ve sted sold price retained
per share
-------------- -------------- ----------- --------------
296,097 139,166 GBP1.6125 156,931
-------------- --------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 1 June 2023
---------------------------- -----------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---------------------------- -----------------------------------------------------------
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 38 countries. Alfa has offices
in Europe, Australasia and North America. For more information,
visit www.alfasystems.com .
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