Last checked at 6 Dec 2018 17:26
6 December 2018
Alpha Financial Markets Consulting plc
("Alpha FMC" or the "Company" or the "Group")
Grant of JSOP incentive awards, PDMR Dealing
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 today made a grant of staff incentive awards.
Today, the Company granted 57,207 MIP awards comprising Joint Share Ownership Plan ("JSOP") awards. Consistent with previous MIP awards, these JSOP Shares (i) have a nominal or nil consideration, (ii) will vest after three years, (iii) have a 10 year term, and (iv) are subject to certain individual or Group performance conditions. There will be no voting rights attached to the JSOP Shares whilst they are held in the JSOP.
22,883 of the 57,207 MIP awards granted today have been granted to John Paton. Following the grant of the MIP awards, John Paton will hold 54,133 JSOP Shares and John Paton and his immediate family will be beneficially interested in 37,639 ordinary shares of 0.075 pence in the Company ("Ordinary Shares") representing 0.04% of the Company's total voting rights.
Further, the Company also bought back today 333,679 Ordinary Shares from prior employees ("Reclaimed Shares") for nominal value. Of the Reclaimed Shares, 279,740 Ordinary Shares are held in Treasury and the remaining Ordinary Shares have been used to satisfy the above JSOP awards. No new Ordinary Shares have been issued by the Company.
Following the JSOP Share award grants the Company will have 3,199,637 outstanding share options and JSOP Shares in total, representing approximately 3.14 per cent. of the issued share capital of the Company. Within this total, 2,906,194 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, 354,740 of which are held in Treasury. The total number of voting rights in the Company is 101,150,140.
The above figure of 101,150,140 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 the EU 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) required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)
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 | ORDINARY SHARES OF 0.075p EACH IN ALPHA FINANCIAL MARKETS CONSULTING PLCISIN: GB00BF16C058 | ||||||
b) | Nature of the transaction | SHARES AWARD GRANTED TO THE PDMR LISTED UNDER THE ALPHA FINANCIAL MARKETS CONSULTING PLC MANAGEMENT INCENTIVE PLAN 2018 | ||||||
c) | Price and volume |
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d) | Aggregated information | Total 22,883 JSOP Shares at £1 total consideration
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| Date of the transaction | 6 December 2018 | ||||||
f) | Place of the transaction | London, Off-market | ||||||
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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