Incentive awards, EBT share purchase & TVR
17 January 2024
Alpha Financial Markets Consulting plc
('Alpha FMC', 'Alpha', the 'Company' or 'Group')
Grant of incentive awards, EBT share purchase
and total voting rights
Alpha FMC (AIM: AFM), a leading global consultancy to the financial services industry, announces that the Company has made a grant of staff incentive awards under the Company's Management Incentive Plan ("MIP").
On 15 January 2024, the Company granted 76,008 awards under its MIP to its management team globally, comprising 3,681 UK Joint Share Ownership Plan awards ("JSOP Shares") and 72,327 MIP share options ("MIP Awards"). These JSOP Shares and MIP Awards (i) have a nominal or nil consideration; (ii) will vest after three years; (iii) have a 10-year term; and (iv) are subject to performance conditions consistent with the FY 24 awards announced in July 2023.
Following the 76,008 MIP Awards and JSOP Shares awarded on 15 January, the Company will have 9,010,131 unvested MIP and JSOP Shares outstanding in total. The total unvested MIP options and JSOP Shares outstanding represent approximately 7.38% of the issued share capital of the Company, of which approximately 2.30% has been awarded in FY 24.
As set out in the Company's AIM Admission Document, no more than 10% of the total share capital of the Company from time to time shall be subject to unvested JSOP Shares, Options and Restricted Stock Unit ("RSU") awards that are granted under the MIP.
The Company has also been notified by Intertrust Employee Benefit Trustee Limited, the trustee of the Company's Employee Benefit Trust ("EBT"), that the EBT purchased a total of 1,200 Ordinary Shares in the Company at a price of £3.675 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.
Following the above, the Company will have 122,009,736 Ordinary Shares in issue, of which 7,553,889 are held in the Company's EBT. No shares are held in treasury. The total number of voting rights in the Company will therefore be 122,009,736. This figure includes the 7,553,889 Ordinary Shares currently held in the EBT as the Ordinary Shares hold voting rights albeit the EBT does not exercise these voting rights nor receive dividends in respect of these shares. Therefore, 114,455,847 Ordinary Shares have exercisable voting rights and the Group's earnings per share calculation excludes the 7,553,889 Ordinary Shares held by the EBT.
This figure 122,009,736 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:
For further information, please contact:
|
Alpha Financial Markets Consulting plc |
+44 (0)20 7796 9300 |
|
Luc Baqué (Chief Executive Officer) John Paton (Chief Financial Officer) Georgina Sharley (Company Secretary) |
|
|
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 |
|
Toby Flaux James Thompson Alix Mecklenburg-Solodkoff |
|
|
Camarco - Financial PR |
+44 (0)20 3757 4980 |
|
Ed Gascoigne-Pees Phoebe Pugh |
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About Alpha FMC:
Headquartered in the UK and quoted on the Alternative Investment Market of the London Stock Exchange, Alpha is a leading global consultancy to the financial services industry.
Alpha combines highly specialist, sector-focussed management consulting and technology expertise to support the client transformation lifecycle. It has over 1,000 consultants globally, operating from 17 client-facing offices spanning the UK, North America, Europe and APAC.
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