Last checked at 25 Aug 2022 07:00
25 August 2022
Alpha Financial Markets Consulting plc
('Alpha FMC', 'Alpha', the 'Company' or 'Group')
Exercise of share awards PDMR dealing, EBT share purchase, RSU vesting
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 1,305,522 vested share options under the Joint Share Option Plan ("JSOP") were exercised on 24 August 2022 and shares were sold to cover tax. A further 31,250 Restricted Stock Units ("RSU") vested and the shares were transferred under the Company's Management Incentive Plan ("MIP").
Of the vested exercised awards, 286,343 relate to awards held by Euan Fraser and 88,105 relate to John Paton, both persons discharging managerial responsibilities ("PDMRs"), all of which have been exercised. Following the vesting John Paton sold 21,136 shares to cover taxes. After exercising these vested awards, Euan Fraser holds 778,029 MIP options and JSOP Shares awards and he and his immediate family are beneficially interested in 286,343 Ordinary Shares representing 0.25% of the Company's total voting rights. John Paton holds 287,398 MIP options and JSOP Share awards and he and his immediate family are beneficially interested in 158,741 Ordinary Shares representing 0.14% of the Company's total voting rights.
The Company will satisfy these exercised share options and vested RSUs using existing shares held in the Alpha Employee Benefit Trust ("EBT").
The Company has also been notified by Intertrust Employee Benefit Trustee Limited, the trustee of the Company's Employee Benefit Trust ("EBT"), that on 24 August 2022, the EBT purchased a total of 254,817 Ordinary Shares in the Company at a price of £4.425 pence per share. The shares will be held in the EBT, a discretionary trust, and are intended to be used to satisfy the exercise of share options by employees, including the Directors of the Company. Ordinary Shares held by the EBT have no dividends or voting rights.
Following the above, the Company will have 120,507,336 Ordinary Shares in issue, of which 6,546,656 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 113,960,680. This figure 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 and Transparency Rules.
The notifications below, made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation, provide additional detail.
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 | Euan Fraser | ||||
2 | Reason for the notification | |||||
a) | Position/status |
| ||||
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 | ||||
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 | Exercise of share award over Ordinary Shares of 0.075p each
ISIN: GB00BF16C058 | ||||
b) | Nature of the transaction | Share award exercised under the Alpha Financial Markets Consulting plc Management Incentive Plan | ||||
c) | Price and volume |
| ||||
d) | Aggregated information | As above
| ||||
Date of the transaction | 24 August 2022 | |||||
f) | Place of the transaction | Outside a trading venue | ||||
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 |
| ||||
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 | ||||
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 | Exercise of share award over Ordinary shares of 0.075p each ISIN: GB00BF16C058 | ||||
b) | Nature of the transaction | Share award exercised under the Alpha Financial Markets Consulting plc Management Incentive Plan | ||||
c) | Price and volume |
| ||||
d) | Aggregated information | As above
| ||||
Date of the transaction | 24 August 2022 | |||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | John Paton | ||||
2 | Reason for the notification | |||||
a) | Position/status |
| ||||
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 | ||||
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 | Sale of Ordinary shares of 0.075p each ISIN: GB00BF16C058 | ||||
b) | Nature of the transaction | Sale of shares to cover taxes arising on exercise of share award | ||||
c) | Price and volume |
| ||||
d) | Aggregated information | As above
| ||||
Date of the transaction | 24 August 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) | |
Investec Bank plc - Nominated Adviser and Joint Corporate Broker | +44 (0)20 7597 4000 |
Patrick Robb James Rudd Harry Hargreaves | |
Berenberg - Joint Corporate Broker | +44 (0)20 3207 7800 |
Chris Bowman Toby Flaux Alix Mecklenburg-Solodkoff | |
Camarco - Financial PR | +44 (0)20 3757 4980 |
Ed Gascoigne-Pees Georgia Edmonds |
|
Prism Cosec - Company Secretary | +44 (0)7407 733 518 |
Sally Chandler |
|
About Alpha FMC:
Headquartered in the UK and quoted on the AIM of the London Stock Exchange, Alpha is a leading global provider of specialist consultancy services to the asset management, wealth management and insurance industries.
Alpha has worked with all of the world's top 20 and 76% of the world's top 50 asset managers by AUM, along with a wide range of other buy-side firms. It has the largest dedicated team in the industry, with over 750 consultants globally, operating from 16 client-facing offices spanning the UK, North America, Europe and APAC.
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