Alfa Financial Software Hldgs PLC Vesting of awards under the LTIP (3809B)

TIDMALFA

RNS Number : 3809B

Alfa Financial Software Hldgs PLC

01 June 2023

1 June 2023

Alfa Financial Software Holdings PLC

Vesting of awards under the Long Term Incentive Plan

Alfa Financial Software Holdings PLC (the "Company") announces that the awards granted under the Company's 2017 Long Term Incentive Plan ("LTIP") on 3 June 2020 vested in full on 1 June 2023. The number of shares vesting was as disclosed in the Remuneration Report in the 2022 Annual Report and Accounts. Shares were sold to cover tax liabilities on the vesting of the awards with the remainder retained by the recipents.

The information contained in this notification is disclosed in accordance with the requirements of the UK Market Abuse Regulation.

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                         Duncan Magrath 
      ---------------------------  ------------------------------------------------------ 
       Reason for the notification 
  2 
      ----------------------------------------------------------------------------------- 
 a)    Position/status              Chief Financial Officer 
      ---------------------------  ------------------------------------------------------ 
 b)    Initial notification         Initial Notification 
        /Amendment 
      ---------------------------  ------------------------------------------------------ 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name                         Alfa Financial Software Holdings PLC 
      ---------------------------  ------------------------------------------------------ 
 b)    LEI                          213800C5UOZHUTNUGA28 
      ---------------------------  ------------------------------------------------------ 
       Details of the transaction(s): section to be repeated for 
  4     (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           Alfa Financial Software Holdings PLC 
        financial instrument,        ordinary shares of GBP0.001 each 
        type of instrument 
 
       Identification code          GB00BDHXPG30 
 
 b)    Nature of the transaction    Vesting of the 2020 LTIP award granted 
                                     on 3 June 2020 under the 2017 Alfa Financial 
                                     Software Holdings PLC LTIP and sale of 
                                     sufficient shares to satisfy tax liabilities. 
      ---------------------------  ------------------------------------------------------ 
 c)    Price(s) and volume(s) 
                                   ---------  --------------  -----------  -------------- 
                                    No. of     No. of shares   Sale         No. of shares 
                                     shares     sold            price        retained 
                                     ve sted                    per share 
                                   ---------  --------------  -----------  -------------- 
                                    740,242    347,914         GBP1.6125    392,328 
                                   ---------  -------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume               As above 
 
  - Price 
 
 e)    Date of the transaction      1 June 2023 
      ---------------------------  ------------------------------------------------------ 
 f)    Place of the transaction     London Stock Exchange (XLON) 
      ---------------------------  ------------------------------------------------------ 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                          Matthew White 
      ----------------------------  ----------------------------------------------------------- 
       Reason for the notification 
  2 
      ----------------------------------------------------------------------------------------- 
 a)    Position/status               Chief Operating Officer 
      ----------------------------  ----------------------------------------------------------- 
 b)    Initial notification          Initial Notification 
        /Amendment 
      ----------------------------  ----------------------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------------- 
 a)    Name                          Alfa Financial Software Holdings PLC 
      ----------------------------  ----------------------------------------------------------- 
 b)    LEI                           213800C5UOZHUTNUGA28 
      ----------------------------  ----------------------------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (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                Alfa Financial Software Holdings PLC ordinary 
        the financial instrument,     shares of GBP0.001 each 
        type of instrument 
 
       Identification                GB00BDHXPG30 
        code 
 
 b)    Nature of the transaction     Vesting of the 2020 LTIP award granted on 
                                      3 June 2020 under the 2017 Alfa Financial 
                                      Software Holdings PLC LTIP and sale of sufficient 
                                      shares to satisfy tax liabilities. 
      ----------------------------  ----------------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                    --------------  --------------  -----------  -------------- 
                                     No. of shares   No. of shares   Sale         No. of shares 
                                      ve sted         sold            price        retained 
                                                                      per share 
                                    --------------  --------------  -----------  -------------- 
                                     296,097         139,166         GBP1.6125    156,931 
                                    --------------  -------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                As above 
 
  - Price 
 
 e)    Date of the transaction       1 June 2023 
      ----------------------------  ----------------------------------------------------------- 
 f)    Place of the transaction      London Stock Exchange (XLON) 
      ----------------------------  ----------------------------------------------------------- 
 

For further information:

 
 Alfa Financial Software Holdings 
  PLC 
  Charlotte Caulfield 
  Company Secretary                  [phone] 
 

LEI Number: 213800C5UOZHUTNUGA28

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 now into its fourth decade, 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 38 countries. Alfa has offices in Europe, Australasia and North America. For more information, visit www.alfasystems.com .

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June 01, 2023 08:46 ET (12:46 GMT)