Vesting of award under the LTIP
Alfa Financial Software Holdings PLC announced that awards granted under its 2017 Long Term Incentive Plan vested at 73.6% of the maximum on April 7, 2026, with shares net settled for tax liabilities and the remainder retained. Chief Financial Officer Duncan Magrath and Chief Operating Officer Matthew White have transferred 124,741 and 66,492 shares respectively to their spouses for nil consideration.
Select text to share a quote on X · sign in to keep highlights & notes in your ALFA notes
Alfa Financial Software Holdings PLC (the "Company") announces that the awards granted under the Company's 2017 Long Term Incentive Plan ("LTIP") on 6 April 2023 vested at 73.6% of the maximum on 7 April 2026. The number of shares vested was as disclosed in the 2025 Annual Report and Accounts, Directors' Remuneration Report. Shares were net settled to cover tax liabilities on the vesting of the awards, with the remainder retained by the recipients.
Duncan Magrath and Matthew White have informed the Company that, with the approval of the Remuneration Committee, they will transfer 124,741 and 66,492 shares, respectively, to their spouses 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 shares of £0.001 each |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Vesting of the LTIP award granted on 6 April 2023 under the 2017 Alfa Financial Software Holdings PLC LTIP and net settlement of sufficient shares to satisfy tax liabilities. |
| c) | Price(s) and volume(s) | |
| No. of shares vested | No. of shares net settled for tax | No. of shares retained |
| 235,972 | 111,231 | 124,741 |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 7 April 2026 |
| 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 124,741 shares held by Duncan Magrath to his spouse Nicola Magrath for nil consideration |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 124,741 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 7 April 2026 |
| 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 124,741 shares transferred from Duncan Magrath for nil consideration |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 124,741 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 9 April 2026 |
| 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 shares of £0.001 each |
| Identification code | GB00BDHXPG30 | |
| b) | Nature of the transaction | Vesting of the LTIP award granted on 6 April 2023 under the 2017 Alfa Financial Software Holdings PLC LTIP and net settlement of sufficient shares to satisfy tax liabilities. |
| c) | Price(s) and volume(s) | |
| No. of shares vested | No. of shares net settled for tax | No. of shares retained |
| 125,852 | 59,360 | 66,492 |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 7 April 2026 |
| 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 66,492 shares held by Matthew White to his spouse Polly White for nil consideration |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 66,492 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 7 April 2026 |
| 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 66,492 shares transferred from Matthew White for nil consideration |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| nil | 66,492 | |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 9 April 2026 |
| 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.