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ALFA FINANCIAL SOFTWARE HOLDINGS PL
Remuneration Information • Apr 13, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 1862I
Alfa Financial Software Hldgs PLC
13 April 2022
13 April 2022
Alfa Financial Software Holdings PLC
Long Term Incentive Plan Award
Award under the Deferred Bonus Share Plan
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 "2022 Awards" or the "Awards") were granted on 12 April 2022.
| Name | Position | Number of shares subject to award |
| Duncan Magrath | Chief Financial Officer | 250,151 |
| Matthew White | Chief Operating Officer | 133,414 |
The vesting date for the 2022 Awards is 12 April 2025, being the third anniversary of the award date. The 2022 Awards are in the form of nil cost options 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 "2022 DBSP Awards") were granted after market close on 11 April 2022.
| Name | Position | Number of shares subject to award |
| Duncan Magrath | Chief Financial Officer | 48,503 |
| Matthew White | Chief Operating Officer | 30,863 |
The Company's remuneration policy provides that not less than 50% of any annual bonus awarded to Executive Directors shall be deferred into an award of shares under the DBSP. The 2022 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 11 April 2025, being the third anniversary of the award date. There are no further performance conditions associated with this award. This is the second issue under the DBSP.
Duncan Magrath and Matthew White have informed the Company that they will, with the agreement of the Remuneration Committee, transfer 48,503 and 30,863 shares respectively to their spouse for nil consideration.
The information contained in this notification is disclosed in accordance with the requirements of the UK Market Abuse Regulation.
| 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 | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Alfa Financial Software Holdings 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, type of instrument | Alfa Financial Software Holdings plc Ordinary share of £0.001 each | |||
| Identification code | GB00BDHXPG30 | ||||
| b) | Nature of the transaction | Grant of nil cost options under the 2017 Alfa Financial Software Holdings PLC LTIP | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nil cost | 250,151 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | As above | ||||
| - Price | |||||
| e) | Date of the transaction | 12 April 2022 | |||
| 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 Operations Officer | |||
| 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 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, type of instrument | Alfa Financial Software Holdings plc Ordinary share of £0.001 each | |||
| Identification code | GB00BDHXPG30 | ||||
| b) | Nature of the transaction | Grant of nil cost options under the 2017 Alfa Financial Software Holdings PLC LTIP | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nil cost | 133,414 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | As above | ||||
| - Price | |||||
| e) | Date of the transaction | 12 April 2022 | |||
| 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 | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Alfa Financial Software Holdings 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, type of instrument | Alfa Financial Software Holdings plc Ordinary share of £0.001 each | |||
| 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 cost | 48,503 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | As above | ||||
| - Price | |||||
| e) | Date of the transaction | 11 April 2022 | |||
| 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 Operations Officer | |||
| 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 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, type of instrument | Alfa Financial Software Holdings plc Ordinary share of £0.001 each | |||
| 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 cost | 30,863 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | As above | ||||
| - Price | |||||
| e) | Date of the transaction | 11 April 2022 | |||
| 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 | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Alfa Financial Software Holdings 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, type of instrument | Alfa Financial Software Holdings plc Ordinary share of £0.001 each | |||
| 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 | 48,503 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | As above | ||||
| - Price | |||||
| e) | Date of the transaction | 12 April 2022 | |||
| 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 | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Alfa Financial Software Holdings 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, type of instrument | Alfa Financial Software Holdings plc Ordinary share of £0.001 each | |||
| 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 | 30,863 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | As above | ||||
| - Price | |||||
| e) | Date of the transaction | 12 April 2022 | |||
| f) | Place of the transaction | Outside of a trading venue |
For further information:
| Alfa Financial Software Holdings PLC Jonathan Bradshaw Interim Company Secretary |
+44 (0)20 7588 1800 |
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