REG - Alpha Group Intl PLC - Vesting of Share Awards, Issue of Equity and TVR

Alpha InternationalAnnouncement

20/03/2025 07:15

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RNS Number : 3850B  Alpha Group International PLC  20 March 2025

20 March 2025

Alpha Group International plc

("Alpha", the "Company" or the "Group")

Vesting of Share Awards, Director/PDMR Shareholding and

Issue of Equity and Total Voting Rights

 

Further to the Company's Full Year Results statement on 19 March, the Company
announces the vesting of awards over 590,676 ordinary shares of 0.2 pence each
in the Company ("Ordinary Shares") under the Company's D Share Scheme, E Share
Scheme, F Share Scheme, J Share Scheme, L Share Scheme, Institutional Employee
Share Scheme, Cobase Employee Share Scheme, Netherlands Employee Share Scheme,
Bristol Employee Share Scheme, and B Share Scheme(1).

 

The vestings will be satisfied via a combination of the Company transferring
340,676 Ordinary Shares out of treasury, with the remainder being satisfied by
the issue and allotment of 250,000 new Ordinary Shares (the "New Ordinary
Shares"). The Company ordinarily uses treasury shares to satisfy the vesting
of awards where possible to minimise dilution. As described in Notes 8 and 14
of the Company's Full Year Results, certain purchases of shares by the Company
were made otherwise than in accordance with Companies Act 2006 and as a result
cannot currently be distributed to satisfy the vesting of awards. Following
the AGM and passing of relevant resolutions to recognise these Ordinary Shares
in treasury, the Company intends to cancel 250,000 Ordinary Shares, equivalent
to the New Ordinary Shares to be issued.

 

An application has been made for the New Ordinary Shares to be admitted to
trading on the Main Market, and admission is expected to take place on or
around 25 March 2025 ("Admission").

 

Following Admission, the Company's issued share capital (excluding treasury
shares) will consist of 42,477,607, as at the date of this announcement.

 

Therefore the figure of 42,477,607 should be used by shareholders as the
denominator for the calculation by which they determine if they are required
to notify their interest in, or a change to their interest in, the Company
under the FCA's Disclosure Guidance and Transparency Rules.

 

(1) B Shares Pursuant to the terms of a settlement agreement previously
announced on 22 March 2023.

 

PDMR Notifications

 

The following awards (included in the total vesting figure stated above)
vested to Tim Powell (CFO) and Tim Butters (CRO):

 

 PDMR         Scheme          No. of Shares vested

 Tim Powell   F Share Scheme  8,963
 Tim Butters  E Share Scheme  15,889
              F Share Scheme  1,582

 

 

The notifications below, made in accordance with Article 19 of the UK Market
Abuse Regulation, provide further detail.

 

 

Enquiries:

 

 Alpha Group International plc   Via Alma Strategic Communications

 Clive Kahn, CEO

 Tim Powell, CFO

 Alma Strategic Communications   +44 (0) 20 3405 0205

 (Financial Public Relations)

 Josh Royston

 Andy Bryant

 Kinvara Verdon

 Louisa El-Ahwal

 

Notes to editors

Alpha is a global provider of high-tech, high-touch financial solutions to
corporate and private market organisations. Working with clients across 50+
countries, we blend intelligent human capabilities with new technologies to
provide an enhanced alternative to traditional banking services, with
solutions covering: FX risk management, global accounts, mass payments, fund
finance, and cash management.

Key to our success is our team - over 500 people based across eleven global
offices, brought together by a high-performance culture and a partnership
structure that empowers them to act as owners of our business.

Despite being an established business listed on the London Stock Exchange, we
remain relentlessly focused on maintaining the same level of operational
agility and client focus we had when we first started in 2009. This dynamic,
combined with the passion of our people, has enabled us to make a substantial
and enduring difference to our clients, and deliver a growth story to match.

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Timothy Butters
 2    Reason for the notification

 a)   Position/status                                              Chief Risk 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 Group International 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  Ordinary shares of £0.002 each

      Identification code                                          GB00BF1TM596

 b)   Nature of the transaction                                    Issue of ordinary shares under the E Share Growth Scheme
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                      Nil              15,889

 d)   Aggregated information                                       Not applicable - single transaction

      - Aggregated volume
      - Price

 e)   Date of the transaction                                      19 March 2025
 f)   Place of the transaction                                     Off Market

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Timothy Butters
 2    Reason for the notification

 a)   Position/status                                              Chief Risk 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 Group International 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  Ordinary shares of £0.002 each

      Identification code                                          GB00BF1TM596

 b)   Nature of the transaction                                    Issue of ordinary shares under the F Share Growth Scheme
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                      Nil              1,582

 d)   Aggregated information                                       Not applicable - single transaction

      - Aggregated volume
      - Price

 e)   Date of the transaction                                      19 March 2025
 f)   Place of the transaction                                     Off Market

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Timothy Powell
 2    Reason for the notification

 a)   Position/status                                              Chief Financial 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 Group International 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  Ordinary shares of £0.002 each

      Identification code                                          GB00BF1TM596

 b)   Nature of the transaction                                    Issue of ordinary shares under the F Share Growth Scheme
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                      Nil              8,963

 d)   Aggregated information                                       Not applicable - single transaction

      - Aggregated volume
      - Price

 e)   Date of the transaction                                      19 March 2025
 f)   Place of the transaction                                     Off Market

 

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