Award under LTIP & DBSP

RNS Number : 1862I

Alfa Financial Software Hldgs PLC

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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END

DSHBKBBBOBKDBQD

TIDM	ALFA
Share Price	172.60p5.67%

Date	13 Apr 2022
Time	07:01:09
Category	Director/PDMR dealings
ID	1862I

TIDM	ALFA
Share Price	172.60p5.67%

Date	13 Apr 2022
Time	07:01:09
Category	Director/PDMR dealings
ID	1862I

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Award under LTIP & DBSP