Award under the LTIP and DBSP
In brief · summary, not quotable
LTIP and DBSP share awards granted to CFO and COO on 14 April 2025, vesting in April 2028.
- LTIP award - Duncan Magrath (CFO) 228,165 shares
- LTIP award - Matthew White (COO) 122,669 shares
- DBSP award - Duncan Magrath (CFO) 33,636 shares
- DBSP award - Matthew White (COO) 26,889 shares
Full announcement
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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 "2025 Awards" or the "Awards") were granted on 14 April 2025.
| Name | Position | Number of shares subject to award |
|---|---|---|
| Duncan Magrath | Chief Financial Officer | 228,165 |
| Matthew White | Chief Operating Officer | 122,669 |
The vesting date for the 2025 Awards is 18 April 2028. The 2025 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 14 April 2025.
| Name | Position | Number of shares subject to award |
|---|---|---|
| Duncan Magrath | Chief Financial Officer | 33,636 |
| Matthew White | Chief Operating Officer | 26,889 |
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 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 14 April 2028. There are no further performance conditions associated with this award.
With the approval of the Remuneration Committee, Duncan Magrath and Matthew White have informed the Company that they will transfer 33,636 and 26,889 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 |
| a) | Description of the financial instrument, type of instrument | Alfa Financial Software Holdings PLC Ordinary share of £0.001 each |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Grant of a conditional share award under the 2017 Alfa Financial Software Holdings PLC LTIP |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 228,165 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 14 April 2025 |
| 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 |
| a) | Description of the financial instrument, type of instrument | Alfa Financial Software Holdings PLC Ordinary share of £0.001 each |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Grant of a conditional share award under the 2017 Alfa Financial Software Holdings PLC LTIP |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 122,669 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 14 April 2025 |
| 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 |
| a) | Description of the financial instrument, type of instrument | Alfa Financial Software Holdings PLC Ordinary share of £0.001 each |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Issuance 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 | 33,636 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 14 April 2025 |
| 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 |
| a) | Description of the financial instrument, type of instrument | Alfa Financial Software Holdings PLC Ordinary share of £0.001 each |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Transfer of 33,636 shares held by Duncan Magrath to his spouse Nicola Magrath for nil consideration |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 33,636 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 15 April 2025 |
| 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 |
| a) | Description of the financial instrument, type of instrument | Alfa Financial Software Holdings PLC Ordinary share of £0.001 each |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Receipt of shares transferred from Duncan Magrath for nil consideration |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 33,636 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 15 April 2025 |
| 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 |
| a) | Description of the financial instrument, type of instrument | Alfa Financial Software Holdings PLC Ordinary share of £0.001 each |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Issuance 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 | 26,889 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 14 April 2025 |
| 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 |
| a) | Description of the financial instrument, type of instrument | Alfa Financial Software Holdings PLC Ordinary share of £0.001 each |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Transfer of shares held by Matthew White to his spouse Polly White for nil consideration |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 26,889 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 15 April 2025 |
| 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 |
| a) | Description of the financial instrument, type of instrument | Alfa Financial Software Holdings PLC Ordinary share of £0.001 each |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Receipt of shares transferred from Matthew White for nil consideration |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 26,889 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 15 April 2025 |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.