Alfa Financial Software Holdings PLC has announced the vesting of awards under its 2017 Long Term Incentive Plan (LTIP). The awards, granted on 29 April 2021, vested at 91.95% of the maximum on 29 April 2024. The shares were net settled to cover tax liabilities on the vesting of the awards, with the remainder retained by the recipients. Additionally, Duncan Magrath and Matthew White have transferred shares to their spouses for nil consideration, with the approval of the Remuneration Committee.
Duncan Magrath, the Chief Financial Officer, vested 276,050 shares and net settled 129,744 shares for tax, retaining 146,306 shares. He also transferred 146,306 shares to his spouse, Nicola Magrath, for nil consideration. Matthew White, the Chief Operating Officer, also saw the vesting of the 2021 LTIP award and transfer of 78,029 shares to his spouse.
The information is disclosed in accordance with the requirements of the UK Market Abuse Regulation. The transactions took place outside of a trading venue on 29 April 2024. This notification provides details of the persons discharging managerial responsibilities and persons closely associated, as well as the nature and details of the transactions.