Alfa Financial Software Holdings PLC has announced the granting of awards under its 2017 Long Term Incentive Plan (LTIP) and Deferred Bonus Share Plan (DBSP). The 2024 Awards under the LTIP were granted to Duncan Magrath, Chief Financial Officer, and Matthew White, Chief Operating Officer, with 261,411 and 140,127 shares subject to award, respectively. These conditional share awards will vest on 9 April 2027, subject to performance conditions.
Additionally, under the DBSP, Duncan Magrath and Matthew White were awarded 22,714 and 18,562 net bonus shares, respectively. These shares are subject to restrictions on transfer and a risk of forfeiture until 9 April 2027, without further performance conditions. Notably, both executives have indicated their intention to transfer a portion of their shares to their spouses for nil consideration, subject to the approval of the Remuneration Committee.
The disclosure of this information is in compliance with the UK Market Abuse Regulation. The transactions were conducted outside of a trading venue and involved the issuance of ordinary shares and conditional share awards. The notification provides detailed information about the nature of the transactions, the individuals involved, and the specific terms of the awards granted.
This announcement provides transparency regarding the company's remuneration policy and the allocation of long-term incentives to key executives. It underscores the company's commitment to aligning executive compensation with long-term performance and shareholder value creation.