Cardiff Oncology shares plunge after Q2 earnings miss
LONDON - Alfa Financial Software (ETR:SOWGn) Holdings PLC has announced the vesting of long-term incentive plan (LTIP) awards that were granted on April 12, 2022. On Monday, the awards vested at 87% of their maximum under the company’s 2017 LTIP, with the number of shares vested as detailed in the Directors’ Remuneration Report of the 2024 Annual Report and Accounts.
Following the vesting, shares were net settled to cover the tax liabilities incurred, and the remaining shares were retained by the recipients. The company’s Chief Financial Officer, Duncan Magrath, and Chief Operating Officer, Matthew White, have informed Alfa Financial Software that they have transferred 115,064 and 61,332 shares respectively to their spouses for no consideration, as approved by the Remuneration Committee.
The transactions involving Magrath and White have been disclosed in accordance with UK Market Abuse Regulation requirements. The shares were transferred outside of a trading venue on Tuesday, with the share transfers being classified as initial notifications.
Alfa Financial Software Holdings PLC is a provider of software systems and services to the global asset and automotive finance industry. Its main product, Alfa Systems, is a cloud-native platform that supports a range of financing activities across multiple jurisdictions.
The vesting event and subsequent share transfers are part of the company’s regular financial operations and incentive programs. This information is based on a press release statement issued by Alfa Financial Software Holdings PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.