Last checked at 25 Jan 2019 08:00
Alpha Financial Markets Consulting plc
('Alpha FMC' or the 'Company' or the 'Group')
Grant of incentive awards and Total Voting Rights
Alpha FMC (AIM: AFM), a leading global provider of specialist consultancy services to the Asset and Wealth Management industry announces that the Company has made a grant of staff incentive awards.
On 23 January 2019, the Company granted a total of 59,570 awards to new employees by way of EIP share options and RSU awards. In addition, the Company also granted 20,112 MIP awards to recent senior joiners globally, comprising UK Joint Share Ownership Plan ("JSOP") awards and MIP share options. There will be no voting rights attached to the JSOP Shares whilst they are held in the JSOP.
Consistent with previous awards, these JSOP Shares, MIP and EIP share options (i) have a nominal or nil consideration, (ii) will vest after three to five years, (iii) have a 10 year term, and (iv) are subject to certain individual or Group performance conditions.
On 23 January 2019, the Company also bought back 39,212 ordinary shares of 0.075 pence each in the Company ('Ordinary Shares') from prior employees ('Reclaimed Shares') for nominal value. Of the Reclaimed Shares, 33,000 Ordinary Shares are held in Treasury, and the remaining Ordinary Shares used to satisfy the above JSOP awards. No new Ordinary Shares have been issued by the Company.
Following the JSOP Share and share option award grants the Company will have 3,274,519 outstanding share options and JSOP Shares in total, representing approximately 3.21 per cent. of the issued share capital of the Company. Within this total, 2,926,306 MIP options or JSOP Share awards are outstanding.
Further options or share awards made at the discretion of the Company following the date of this announcement are subject to a maximum of 3,395,000 MIP options or share awards in total until after the FY19 results announcement, as set out in the AIM Admission Document.
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, following the above the Company has 101,974,874 Ordinary Shares in issue, 387,740 of which are held in Treasury. The total number of voting rights in the Company is 101,110,928.
The above figure of 101,110,928 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.
Enquiries:
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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Temple Bar Advisory |
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Alex Child-Villiers | +44 (0)7795 425 580 |
William Barker | +44 (0)7827 960 151 |
Sam Livingstone | +44 (0)7769 655 437 |
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Grant Thornton UK LLP (Nominated Adviser) | +44 (0)20 7383 5100 |
Philip Secrett Richard Tonthat Harrison Clarke Seamus Fricker |
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Berenberg (Broker) | +44 (0)20 3207 7800 |
Chris Bowman Toby Flaux Laure Fine |
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About Alpha FMC:
Alpha FMC is a leading global provider of specialist consultancy services to the asset and wealth management industry.
With over 350 consultants and contractors across nine major cities (London, Edinburgh, New York, Boston, Paris, Geneva, Amsterdam, Luxembourg and Singapore), Alpha FMC has provided consultancy services to over 250 clients, including 17 of the 20 largest global asset managers by AUM.
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