Award under the LTIP and DBSP
LTIP and DBSP share awards granted to CFO and COO, vesting in April 2027.
- Duncan Magrath LTIP award 261,411 shares
- Matthew White LTIP award 140,127 shares
- Duncan Magrath DBSP award 22,714 shares
- Matthew White DBSP award 18,562 shares
- LTIP vesting date 9 April 2027
- DBSP vesting date 9 April 2027
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Long Term Incentive Plan
Alfa Financial Software Holdings PLC (the "Company") announces that under the Company's 2017 Long Term Incentive Plan ("LTIP"), the following awards (the "2024 Awards" or the "Awards") were granted on 9 April 2024.
| Name | Position | Number of shares subject to award |
|---|---|---|
| Duncan Magrath | Chief Financial Officer | 261,411 |
| Matthew White | Chief Operating Officer | 140,127 |
The vesting date for the 2024 Awards is 9 April 2027, being the third anniversary of the award date. The 2024 Awards are in the form of a conditional share award and vesting will be in accordance with performance conditions. No consideration is payable for the grant of an Award.
Deferred Bonus Share Plan
The Company announces that under the Company's Deferred Bonus Share Plan ("DBSP"), the following awards (the "DBSP Awards") were awarded on 9 April 2024.
| Name | Position | Number of shares subject to award |
|---|---|---|
| Duncan Magrath | Chief Financial Officer | 22,714 |
| Matthew White | Chief Operating Officer | 18,562 |
The Company's remuneration policy provides that not less than 50% after tax of any annual bonus awarded to Executive Directors shall be deferred into an award of shares under the DBSP. The 2024 DBSP Awards are in the form of net bonus shares, i.e. shares issued to the Executive Directors which are subject to restrictions on transfer and a risk of forfeiture until they are released on 9 April 2027, being the third anniversary of the award date. There are no further performance conditions associated with this award.
Duncan Magrath and Matthew White have informed the Company that they will, with the approval of the Remuneration Committee, transfer 22,714 and 18,562 shares respectively to their spouse for nil consideration.
| 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 |
| a) | Name | Alfa Financial Software Holdings PLC |
| b) | LEI | 213800C5UOZHUTNUGA28 |
| Identification code | GB00BDHXPG30 | |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 261,411 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 9 April 2024 |
| 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 |
| a) | Name | Alfa Financial Software Holdings PLC |
| b) | LEI | 213800C5UOZHUTNUGA28 |
| Identification code | GB00BDHXPG30 | |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 140,127 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 9 April 2024 |
| f) | Place of the transaction | Outside of a trading venue |
| 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 |
| a) | Name | Alfa Financial Software Holdings PLC |
| b) | LEI | 213800C5UOZHUTNUGA28 |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Issue of ordinary shares (net bonus shares) under the Alfa Financial Software Holdings PLC DBSP |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 22,714 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 9 April 2024 |
| 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 |
| a) | Name | Alfa Financial Software Holdings PLC |
| b) | LEI | 213800C5UOZHUTNUGA28 |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Issue of ordinary shares (net bonus shares) under the Alfa Financial Software Holdings PLC DBSP |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 18,562 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 9 April 2024 |
| 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 |
| a) | Name | Alfa Financial Software Holdings PLC |
| b) | LEI | 213800C5UOZHUTNUGA28 |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Agreement for transfer of shares from Duncan Magrath (Spouse) for nil consideration |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 22,714 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 9 April 2024 |
| 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 |
| a) | Name | Alfa Financial Software Holdings PLC |
| b) | LEI | 213800C5UOZHUTNUGA28 |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Agreement for transfer of shares from Matthew White (Spouse) for nil consideration |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 18,562 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 9 April 2024 |
| f) | Place of the transaction | Outside of a trading venue |
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