Last checked at 14 Jan 2021 07:00
14 January 2021
Alpha Financial Markets Consulting plc
('Alpha FMC', 'Alpha', the 'Company' or 'Group')
Grant and vesting 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 and updates its total number of voting rights following certain option exercises.
On 13 January 2021, the Company granted 13,600 awards to employees by way of Employee Incentive Plan ("EIP") share options and RSU awards. Consistent with previous awards, these EIP share options (i) have a nominal or nil consideration, (ii) will vest after five years, and (iii) have a 10 year term.
Following the EIP share option awards, the Company will have 8,114,256 outstanding Management Incentive Plan ("MIP") and EIP share options and Joint Share Ownership Plan ("JSOP") Shares in total, representing approximately 7.62 per cent of the issued share capital of the Company. Within this total, 7,577,152 MIP options and JSOP Share awards are outstanding, representing approximately 7.11 per cent of the issued share capital of the Company.
As set out in the Company's 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.
On 13 January 2021, a total of 6,062 share options previously awarded under the MIP and EIP vested and were exercised. The Company will satisfy these awards using existing shares held in the Alpha Employee Benefit Trust ("EBT").
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, following the above the Company has 106,521,966 Ordinary Shares in issue, of which none are held in Treasury. The total number of voting rights in the Company is 101,702,088.
The above figure of 101,702,088 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 | |
Grant Thornton UK LLP (Nominated Adviser) | +44 (0)20 7383 5100 |
Philip Secrett Harrison Clarke Seamus Fricker | |
Berenberg (Joint Broker) | +44 (0)20 3207 7800 |
Chris Bowman Toby Flaux Alix Mecklenburg-Solodkoff | |
Investec Bank plc (Joint Broker) | +44 (0)20 7597 4000 |
Patrick Robb James Rudd Will Fenby
| |
Temple Bar Advisory (Public Relations) | |
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) | +44 (0)7407 733 518 |
Sally Chandler |
About Alpha FMC:
Alpha FMC is a leading global provider of specialist consultancy services to the asset and wealth management industry.
With over 430 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 400 clients, including 85% of the 20 largest global asset managers by AUM and a range of other buy-side firms.
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