Alfa Financial Software Hldgs PLC Award under LTIP -- Performance Conditions (1244J)

TIDMALFA

RNS Number : 1244J

Alfa Financial Software Hldgs PLC

25 April 2022

25 April 2022

Alfa Financial Software Holdings PLC

2022 Long Term Incentive Plan ("LTIP") Awards - Performance Conditions

As announced on 13 April 2022 awards were granted on 12 April 2022 under the Company's 2017 LTIP plan.

The details of the performance metrics for the awards have now been finalised and are set out below.

Performance conditions

 
 Measure             Weighting   Further detail 
 Earnings per        50%         Threshold - 7.4p 
  share ("EPS")                   Maximum - 9.2p 
                                  Measured with reference to EPS performance 
                                  in the year ending 31 December 2024. 
                    ----------  -------------------------------------------- 
 Total Shareholder   50%         Threshold - Median 
  Return ("TSR")                  Maximum - Upper quartile 
                                  Measured with reference to the FTSE 
                                  Small Cap index excluding investment 
                                  trusts and the Company for the three 
                                  year period to 31 December 2024. 
                    ----------  -------------------------------------------- 
 

In each case threshold vesting will be 25% of the maximum. Straight-line vesting occurs between threshold and maximum for both TSR and EPS elements of the award.

Enquiries

 
 Alfa Financial Software Holdings 
  PLC 
  Jonathan Bradshaw, 
  Interim Company Secretary          [phone] 
 Tulchan Communications LLP 
  James Macey White 
  Matt Low                            [phone] 
 

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 spanning three decades, 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 37 countries where it is supporting a portfolio where the customers' end clients are located. Alfa has offices in Europe, Australasia and North America. For more information, visit www.alfasystems.com.

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April 25, 2022 02:01 ET (06:01 GMT)