Last checked at 3 Mar 2022 07:00
3 March 2022
Alpha Financial Markets Consulting plc
('Alpha FMC', 'Alpha', the 'Company' or 'Group')
PDMR share award vesting and exercise, and total voting rights
Alpha FMC (AIM: AFM), a leading global provider of specialist consultancy services to the asset management, wealth management and insurance industries, announces that on 2 March 2022, 31,250 Joint Share Ownership Plan ("JSOP") awards granted in March 2018 have vested following the satisfaction of performance conditions.
These are awards held by John Paton, Chief Financial Officer and a Person Discharging Managerial Responsibilities ("PDMR"), and the awards' performance conditions, relating to total shareholder return exceeding a basket of comparable companies and budgetary performance conditions, were met in full. As a result, 31,250 nominal cost awards over ordinary shares of 0.075 pence per share in the Company ('Ordinary Shares') vested.
The vested awards have been exercised in full and the Company will satisfy these exercised awards using existing shares held in the Alpha Employee Benefit Trust ("EBT"). After this exercise, John Paton holds 298,580 MIP options and JSOP Shares and he and his immediate family are beneficially interested in 91,772 Ordinary Shares representing 0.08% of the Company's total voting rights.
Following the above transaction, the Company will have 118,707,336, Ordinary Shares in issue, of which 6,216,501 are held in the Company's Employee Benefit Trust. No shares are held in treasury. The total number of voting rights in the Company will therefore be 112,490,835, which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMR) and persons closely associated with them (PCA)
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | John Paton | ||||
2 | Reason for the notification | |||||
a) | Position/status |
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b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Alpha Financial Markets Consulting plc | ||||
b) | LEI | 2138003XGYCLWLC7GF39
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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 instrumentIdentification code | Vesting and exercise of share award over Ordinary shares of 0.075p each ISIN: GB00BF16C058 | ||||
b) | Nature of the transaction | Share award vested under the Alpha Financial Markets Consulting plc Joint Stock Ownership Plan | ||||
c) | Price and volume |
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d) | Aggregated information | As above
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| Date of the transaction | 2 March 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
For further information, please contact:
Alpha Financial Markets Consulting plc | +44 (0)20 7796 9300 |
Euan Fraser (Global Chief Executive Officer) John Paton (Chief Financial Officer) |
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Investec Bank plc - Nominated Adviser, Joint Corporate Broker | +44 (0)20 7597 4000 |
Patrick Robb James Rudd Harry Hargreaves |
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Berenberg - Joint Corporate Broker | +44 (0)20 3207 7800 |
Chris Bowman Toby Flaux Alix Mecklenburg-Solodkoff |
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Camarco - Financial PR | +44 (0)20 3757 4980 |
Ed Gascoigne-Pees Jake Thomas |
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Prism Cosec - Company Secretary | +44 (0)7407 733 518 |
Sally Chandler |
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About Alpha FMC:
Alpha is a leading global consultancy to the asset management, wealth management and insurance industries. With over 650 consultants across 15 offices spanning the UK, North America, Europe and APAC, Alpha has the largest dedicated team in the industry. Alpha has provided specialist consulting services to over 650 clients, including 95 per cent of the 20 largest global asset managers by AUM and a range of other buy-side firms.
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