Last checked at 14 Jan 2020 12:00
14 January 2020
Alpha Financial Markets Consulting plc
('Alpha FMC' or the 'Company' or the 'Group')
Grant of new joiner 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 13 January 2020, the Company granted 56,074 awards to recent new joiner employees by way of Employee Incentive Plan ("EIP") share options and RSU awards. Consistent with previous awards, these EIP awards (i) have a nominal or nil consideration, (ii) will vest after five years, (iii) have a 10 year term, and (iv) are subject to certain individual or Group performance conditions.
On 13 January 2020, the Company also bought back 48,481 Ordinary Shares from prior employees ("Reclaimed Shares") for nominal value. All of the Reclaimed Shares will be transferred to the Company's Employee Benefit Trust ("EBT") and used to satisfy future awards and vests.
Following the EIP awards, the Company will have 6,515,574 outstanding MIP and EIP share options and JSOP Shares in total, representing approximately 6.29 per cent of the issued share capital of the Company. Within this total, 5,981,293 MIP options and JSOP Share awards are outstanding. Total MIP options and JSOP Share awards outstanding represent approximately 5.79 per cent of the issued share capital of the Company, of which approximately 3.02 per cent has been awarded in the year ended 31 March 2020. There will be no voting rights attached to any Ordinary Shares whilst they are held in the EBT.
As set out in the AIM Admission Document, no more than 10 per cent of the total share capital of the Company from time to time shall be subject to unvested JSOP Shares, Options and RSUs that are granted under the MIP.
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, following the above the Company has 103,607,638 Ordinary Shares in issue, of which none are held in Treasury. The total number of voting rights in the Company is 100,938,209.
The above figure of 100,938,209 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 | |
Temple Bar Advisory | |
Alex Child-Villiers | +44 (0)7795 425 580 |
William Barker | +44 (0)7827 960 151 |
Sam Livingstone | +44 (0)7769 655 437 |
Prism CoSec (Company Secretary) | |
Sally Chandler | +44 (0)7407 733 518 |
Grant Thornton UK LLP (Nominated Adviser) | +44 (0)20 7383 5100 |
Philip Secrett Richard Tonthat Harrison Clarke Seamus Fricker | |
Berenberg (Broker) | +44 (0)20 3207 7800 |
Chris Bowman Toby Flaux Alix Mecklenburg-Solodkoff |
About Alpha FMC:
Alpha FMC is a leading global provider of specialist consultancy services to the asset and wealth management industry.
With over 400 consultants across twelve offices spanning the UK, Europe, North America and Asia, Alpha FMC has the largest dedicated team in the industry. Alpha FMC has provided consultancy services to over 350 clients, including 80% of the 20 largest global asset managers by AUM and a range of other buy-side firms.
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