Alpha Group International PLC Vesting of Share Awards, Issue of Equity and TVR

RNS Number : 3850B

Alpha Group International PLC

20 March 2025

 

20 March 2025

Alpha Group International plc

("Alpha", the "Company" or the "Group")

Vesting of Share Awards, Director/PDMR Shareholding and

Issue of Equity and Total Voting Rights

 

Further to the Company's Full Year Results statement on 19 March, the Company announces the vesting of awards over 590,676 ordinary shares of 0.2 pence each in the Company ("Ordinary Shares") under the Company's D Share Scheme, E Share Scheme, F Share Scheme, J Share Scheme, L Share Scheme, Institutional Employee Share Scheme, Cobase Employee Share Scheme, Netherlands Employee Share Scheme, Bristol Employee Share Scheme, and B Share Scheme¹.

 

The vestings will be satisfied via a combination of the Company transferring 340,676 Ordinary Shares out of treasury, with the remainder being satisfied by the issue and allotment of 250,000 new Ordinary Shares (the "New Ordinary Shares"). The Company ordinarily uses treasury shares to satisfy the vesting of awards where possible to minimise dilution. As described in Notes 8 and 14 of the Company's Full Year Results, certain purchases of shares by the Company were made otherwise than in accordance with Companies Act 2006 and as a result cannot currently be distributed to satisfy the vesting of awards. Following the AGM and passing of relevant resolutions to recognise these Ordinary Shares in treasury, the Company intends to cancel 250,000 Ordinary Shares, equivalent to the New Ordinary Shares to be issued.

 

An application has been made for the New Ordinary Shares to be admitted to trading on the Main Market, and admission is expected to take place on or around 25 March 2025 ("Admission").

 

Following Admission, the Company's issued share capital (excluding treasury shares) will consist of 42,477,607, as at the date of this announcement.

 

Therefore the figure of 42,477,607 should be used by shareholders as the denominator for the calculation by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

¹ B Shares Pursuant to the terms of a settlement agreement previously announced on 22 March 2023.

 

PDMR Notifications

 

The following awards (included in the total vesting figure stated above) vested to Tim Powell (CFO) and Tim Butters (CRO):

 

PDMR	Scheme	No. of Shares vested
Tim Powell	F Share Scheme	8,963
Tim Butters	E Share Scheme	15,889
	F Share Scheme	1,582

 

 

The notifications below, made in accordance with Article 19 of the UK Market Abuse Regulation, provide further detail.

 

 

Enquiries:

 

Alpha Group International plc Clive Kahn, CEO Tim Powell, CFO	Via Alma Strategic Communications
Alma Strategic Communications (Financial Public Relations) Josh Royston Andy Bryant Kinvara Verdon Louisa El-Ahwal	[phone]

 

Notes to editors

Alpha is a global provider of high-tech, high-touch financial solutions to corporate and private market organisations. Working with clients across 50+ countries, we blend intelligent human capabilities with new technologies to provide an enhanced alternative to traditional banking services, with solutions covering: FX risk management, global accounts, mass payments, fund finance, and cash management.

Key to our success is our team - over 500 people based across eleven global offices, brought together by a high-performance culture and a partnership structure that empowers them to act as owners of our business.

Despite being an established business listed on the London Stock Exchange, we remain relentlessly focused on maintaining the same level of operational agility and client focus we had when we first started in 2009. This dynamic, combined with the passion of our people, has enabled us to make a substantial and enduring difference to our clients, and deliver a growth story to match.

 

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Timothy Butters
2	Reason for the notification
a)	Position/status	Chief Risk Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Alpha Group International plc
b)	LEI	213800RESM1FPUXY6K31
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	Ordinary shares of £0.002 each
	Identification code	GB00BF1TM596
b)	Nature of the transaction	Issue of ordinary shares under the E Share Growth Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	15,889
d)	Aggregated information	Not applicable - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	19 March 2025
f)	Place of the transaction	Off Market

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Timothy Butters
2	Reason for the notification
a)	Position/status	Chief Risk Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Alpha Group International plc
b)	LEI	213800RESM1FPUXY6K31
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	Ordinary shares of £0.002 each
	Identification code	GB00BF1TM596
b)	Nature of the transaction	Issue of ordinary shares under the F Share Growth Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	1,582
d)	Aggregated information	Not applicable - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	19 March 2025
f)	Place of the transaction	Off Market

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Timothy Powell
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	Alpha Group International plc
b)	LEI	213800RESM1FPUXY6K31
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	Ordinary shares of £0.002 each
	Identification code	GB00BF1TM596
b)	Nature of the transaction	Issue of ordinary shares under the F Share Growth Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	8,963
d)	Aggregated information	Not applicable - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	19 March 2025
f)	Place of the transaction	Off Market

 

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