Grant of Options under SAYE Scheme

RNS Number : 2937K

Alpha FX Group PLC

13 December 2018

 

13 December 2018

Alpha FX Group plc

("Alpha FX" or "Alpha" or the "Group")

Grant of Options under SAYE Scheme

Alpha FX Group plc (AIM:AFX), a UK-based foreign exchange service provider working for corporates and institutions, is pleased to announce that it has launched a Save As You Earn ("SAYE") share scheme for all its permanent employees.

Eligible employees were invited to subscribe for options over the Company's ordinary shares of £0.002 ("Ordinary Shares") at an exercise price of £5.20 pence, representing a 20% discount to the closing middle market price of the Ordinary Shares on 16 November 2018 ("Options"), the dealing day before the invitation to participate was made. The Options have a contract start date of 1 Febuary 2019 and are exercisable from 1 Febuary 2022.

It was pleasing to see that over 75% of eligible employees elected to participate, and pursuant to these elections a total of 159,615 shares under Option have been granted, equating to 0.4% of the current issued share capital.

Tim Kidd (CFO), Henry Lisney (COO) and Brian Rayment (PDMR) have elected to participate in the SAYE scheme and are included in the total figures above. The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, give further details of the Options granted.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Timothy Kidd
2	Reason for the notification
a)	Position/status	Chief Financial Officer & Company Secretary
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Alpha FX Group PLC
b)	LEI	213800RESM1FPUXY6K31
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 instrument Identification code	Ordinary shares of £0.002 in Alpha FX Group PLC ISIN: GB00BF1TM596
b)	Nature of the transaction	Grant of Options under the SAYE
c)	Price(s) and volume(s)	Price(s) Volume(s) Option price of £5.20 3,461
d)	Aggregated information -        Aggregated volume -      Price	3,461 £5.20
e)	Date of the transaction	12 December 2018
f)	Place of the transaction	Off Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Henry Lisney
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Alpha FX Group PLC
b)	LEI	213800RESM1FPUXY6K31
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 instrument Identification code	Ordinary shares of £0.002 in Alpha FX Group PLC ISIN: GB00BF1TM596
b)	Nature of the transaction	Grant of Options under the SAYE
c)	Price(s) and volume(s)	Price(s) Volume(s) Option price of  £5.20 3,461
d)	Aggregated information -        Aggregated volume -      Price	3,461 £5.20
e)	Date of the transaction	12 December 2018
f)	Place of the transaction	Off Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Brian Rayment
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Alpha FX Group PLC
b)	LEI	213800RESM1FPUXY6K31
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 instrument Identification code	Ordinary shares of £0.002 in Alpha FX Group PLC ISIN: GB00BF1TM596
b)	Nature of the transaction	Grant of Options under the SAYE
c)	Price(s) and volume(s)	Price(s) Volume(s) Option price of £5.20 346
d)	Aggregated information -        Aggregated volume -      Price	346 £5.20
e)	Date of the transaction	12 December 2018
f)	Place of the transaction	Off Market

Enquiries:

Alpha FX Group plc                                                                                          via Alma PR

Morgan Tillbrook, Founder and CEO

Tim Kidd, CFO

Henry Lisney, COO

Liberum Capital Limited (Nominated Adviser and Sole Broker)                 Tel: [phone]

Neil Patel

Richard Bootle

Kane Collings

Alma PR (Financial Public Relations)                                                               Tel: [phone]

Josh Royston

Helena Bogle

Rebecca Sanders - Hewett

Notes to Editors

Alpha FX is a UK-based foreign exchange service provider focused on managing exchange rate risk for corporates and institutions that trade internationally. The Group's primary client base consists of corporates and institutions that have a requirement to convert currency for a commercial purpose, such as buying or selling goods and services overseas, repatriating profits, or expatriating payroll. Since it was incorporated in 2010, Alpha FX has been able to build and retain a high-quality client base that includes a number of highly respected household brands.

 

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