Alfa Financial Software Holdings PLC announces the vesting of awards under its 2017 Long-Term Incentive Plan (LTIP). The awards, granted on April 12, 2022, vested at 87% of the maximum on April 14, 2025, as disclosed in the companys 2024 Annual Report and Accounts. As a result, Duncan Magrath, Chief Financial Officer, and Matthew White, Chief Operating Officer, received a certain number of shares, with some sold to cover tax liabilities and the rest retained.
Magrath and White further informed the company of their intention to transfer a portion of their shares (115,064 and 61,332, respectively) to their spouses for no monetary consideration. The transactions were conducted in accordance with the UK Market Abuse Regulation, with the necessary disclosures made.
The notification also includes detailed information on the individuals involved, their positions, the nature and volume of the transactions, prices, and transaction dates and locations.
Finally, the release includes a brief overview of Alfa Financial Software Holdings PLC, highlighting its expertise in delivering software systems and services to the global asset and automotive finance industry, as well as the capabilities and reach of its Alfa Systems platform.