Award under the LTIP and DBSP

RNS Announcement

RNS Number : 2824X

Alfa Financial Software Hldgs PLC

30 April 2021

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 were granted on 30 April 2021.

Name	Position	Number of awards
Duncan Magrath	Chief Financial Officer	300,218
Matthew White	Chief Operating Officer	160,116

The vesting date for 2021 Awards is 29 April 2024, being the third anniversary from the award date. The 2021 Awards are in the form of conditional share award 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 were granted on 30 April 2021.

Name	Position	Number of awards
Duncan Magrath	Chief Financial Officer	82,165
Matthew White	Chief Operating Officer	33,314

The DBSP provides that 50% of the annual bonus attributable to Executive Directors be paid in the form of restricted share awards. Under the terms of the DBSP, the awards will become exercisable on 29 April 2024, being the third anniversary from the award date. There are no further performance conditions associated with this award. This is the first issue under the DBSP.

With the agreement of the Remuneration Committee, Duncan Magrath and Matthew White informed the Company that they will transfer 75,023 and 33,314 shares respectively to their spouse for nil consideration.

The information contained in this notification is disclosed in accordance with the requirements of the EU 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 conditional share awards under the 2017 Alfa Financial Software Holdings PLC LTIP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	300,218

d)	Aggregated information

	- Aggregated volume	As above

	- Price

e)	Date of the transaction	30 April 2021
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 conditional share awards under the 2017 Alfa Financial Software Holdings PLC LTIP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	160,116

d)	Aggregated information

	- Aggregated volume	As above

	- Price

e)	Date of the transaction	30 April 2021
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	Grant of restricted share awards under the Alfa Financial Software Holdings PLC DBSP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	82,165

d)	Aggregated information

	- Aggregated volume	As above

	- Price

e)	Date of the transaction	30 April 2021
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 restricted share awards under the Alfa Financial Software Holdings PLC DBSP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	33,314

d)	Aggregated information

	- Aggregated volume	As above

	- Price

e)	Date of the transaction	30 April 2021
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	Receipt of 75,023 shares transferred from Duncan Magrath for nil consideration
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			nil	75,023

d)	Aggregated information

	- Aggregated volume	As above

	- Price

e)	Date of the transaction	30 April 2021
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	Receipt of 33,314 shares transferred from Matthew White for nil consideration
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			nil	33,314

d)	Aggregated information

	- Aggregated volume	As above

	- Price

e)	Date of the transaction	30 April 2021
f)	Place of the transaction	Outside of a trading venue

For further information:

Alfa Financial Software Holdings PLC

Charlotte Caulfield, Company Secretary

+44 (0)20 7588 1800

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END

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RNS metadata

Title: Award under the LTIP and DBSP
Time: 14:36:46
Date: 30 Apr 2021
Category: Director/PDMR dealings
ID: 2824X