Award under LTIP - Performance Conditions

RNS Number : 1244J

Alfa Financial Software Hldgs PLC

25 April 2022

 

25 April 2022

Alfa Financial Software Holdings PLC

2022 Long Term Incentive Plan ("LTIP") Awards - Performance Conditions

As announced on 13 April 2022 awards were granted on 12 April 2022 under the Company's 2017 LTIP plan.

The details of the performance metrics for the awards have now been finalised and are set out below.

Performance conditions

Measure	Weighting	Further detail
Earnings per share ("EPS")	50%	Threshold - 7.4p Maximum - 9.2p Measured with reference to EPS performance in the year ending 31 December 2024.
Total Shareholder Return ("TSR")	50%	Threshold - Median Maximum - Upper quartile Measured with reference to the FTSE Small Cap index excluding investment trusts and the Company for the three year period to 31 December 2024.

In each case threshold vesting will be 25% of the maximum. Straight-line vesting occurs between threshold and maximum for both TSR and EPS elements of the award.

Enquiries

Alfa Financial Software Holdings PLC Jonathan Bradshaw,  Interim Company Secretary	[phone]
Tulchan Communications LLP James Macey White Matt Low	[phone]

Notes to Editors

Alfa has been delivering software systems and consultancy services to the global asset and automotive finance industry since 1990.  Our best practice methodologies and specialised knowledge of asset finance facilitates delivery of large software implementations and highly complex business change projects.  With an excellent delivery track record spanning three decades, Alfa's experience and performance is unrivalled in the industry.

Alfa Systems, our class-leading technology platform, is at the heart of some of the world's largest asset finance companies. Key to the business case for each implementation is Alfa Systems' ability to replace multiple customer systems with our single platform. Alfa Systems supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multijurisdictional basis, including leases/loans, originations and servicing. An end-to-end solution with integrated workflow and automated processing using business rules, Alfa Systems provides compelling solutions to asset finance companies.

Alfa Systems is currently live in 37 countries where it is supporting a portfolio where the customers' end clients are located.  Alfa has offices in Europe, Australasia and North America.  For more information, visit www.alfasystems.com.

 

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