Alpha Group grants LTIP awards to CFO and CRO amid acquisition

Published 26/08/2025, 07:16
Alpha Group grants LTIP awards to CFO and CRO amid acquisition

LONDON - Alpha Group International plc (LSE:ALPHA) granted long-term incentive plan awards to two senior executives on Monday, according to a regulatory filing released Tuesday.

Chief Financial Officer Tim Powell received a conditional award of 23,657 ordinary shares, while Chief Risk Officer Tim Butters was granted 11,296 shares under the company’s LTIP. Both awards were priced at £0.00.

The company noted that the grants were originally scheduled for June 2025 but were delayed due to the recommended cash acquisition of Alpha Group by Corpay, Inc., which was announced on July 23, 2025.

In light of the pending acquisition, the awards will be subject to performance conditions and pro-rating, and will be settled in cash as permitted under the LTIP rules.

The filing also disclosed that Chief Executive Officer Clive Kahn waived his entitlement to a grant under the incentive plan.

The transactions were conducted outside a trading venue on August 25, 2025, according to the regulatory notification of transactions by persons discharging managerial responsibilities.

Alpha Group International’s shares trade on the London Stock Exchange under the ISIN code GB00BF1TM596.

The information was disclosed in a regulatory news service filing required for executives of publicly traded companies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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