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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ideagen Plc | LSE:IDEA | London | Ordinary Share | GB00B0CM0C50 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 349.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMIDEA
RNS Number : 3128A
Ideagen PLC
23 March 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Ideagen plc
("Ideagen" or the "Company")
Directors' Dealings
Long Term Incentive Plan Awards
Total Voting Rights
Ideagen, a leading supplier of Information Management Software to highly regulated industries, is pleased to confirm that further to the announcement made earlier today that (in each case at a price of 75 pence per Ordinary Share and conditionally upon Admission becoming effective):
-- certain Directors and employees of the Company have exercised, in aggregate, 2,205,000 options over ordinary shares of 1p each in the capital of the Company (the "Ordinary Shares") and a total of 1,160,000 of these Ordinary Shares have been sold to satisfy the tax liabilities arising from the exercise of such options; and
-- David Hornsby, Chief Executive Officer of the Company has sold 801,500 Ordinary Shares.
Details of the Directors' participation in the above dealings (following Admission becoming effective) are set out below.
Hot Features
Premium
Name Position Number Ordinary Resultant Percentage
of Options Shares sold shareholding of total
exercised voting
rights*
(%)
------------------ ----------------- ------------ ------------- -------------- -----------
Chief Executive
David Hornsby Officer n/a 801,500 8,644,533 4.36%
------------------ ----------------- ------------ ------------- -------------- -----------
Chief Financial
Graeme Spenceley Officer 705,000 395,000 622,720 0.31%
------------------ ----------------- ------------ ------------- -------------- -----------
Chief Operating
Ben Dorks Officer 500,000 255,000 1,495,000 0.75%
------------------ ----------------- ------------ ------------- -------------- -----------
Barnaby Chief Customer
Kent Officer 500,000 255,000 2,017,660 1.02%
------------------ ----------------- ------------ ------------- -------------- -----------
* based on the Enlarged Issued Share Capital following the Placing and the Option Exercise of 198,117,442 Ordinary Shares
2017 LTIP Awards
On 23 July 2015, the Company made awards to certain directors and senior management of share options pursuant to the terms of the 2015 Long Term Incentive Plan, with a view to rewarding value already added by these individuals to the business, and incentivising them for future performance.
These share options were issued with the principal aim, which has now been achieved, of becoming fully exercisable on the Company achieving a doubling of the share price from the 34p placing price in the fund raising announced on 18 December 2014.
The principles underpinning the 2017 LTIP are very much the same as the 2015 LTIP insofar that the awards will be subject to the following challenging performance criteria: one half become eligible to vest on the Company's share price reaching 98 pence over 30 consecutive business days with the remainder becoming eligible to vest on the Company's share price reaching 136 pence (being double the target price of the 2015 LTIP) over 30 consecutive business days.
Options issued pursuant to the 2017 LTIP will not vest until the third anniversary of the grant date. Thereafter, any Ordinary Shares issued in respect of the exercise of any of these options cannot be sold until the fourth anniversary of the grant date, and are subject to continued service throughout as well as the aforementioned achievement of specific performance targets relating to the Company's share price. These options each have an exercise price of 1 pence per Ordinary Share.
Awards have been made to the following directors of the Company pursuant to the 2017 LTIP (the "Awards"):
Name Position 2017 LTIP Options
awarded
------------------ ----------------- ------------------
Chief Financial
Graeme Spenceley Officer 1,200,000
------------------ ----------------- ------------------
Chief Operating
Ben Dorks Officer 1,200,000
------------------ ----------------- ------------------
Chief Customer
Barnaby Kent Officer 1,200,000
------------------ ----------------- ------------------
Following the Option Exercise and the Awards, there are now 13,317,333 options over Ordinary Shares in issue representing 6.7% of the Enlarged Issued Share Capital.
Application for Admission and Total Voting Rights
As previously set out, application has been made to the London Stock Exchange for the 2,205,000 New Ordinary Shares issued pursuant to the exercise of share options as set out above to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 27 March 2017.
In accordance with the UK Financial Conduct Authority's Disclosure and Transparency Rule 5.6.1, immediately following Admission the issued share capital of the Company will be 198,117,442 ordinary shares of 1 pence each. The total number of voting rights in the Company will therefore be 198,117,442 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the announcement released today at 7.00 a.m. unless the context requires otherwise.
Enquiries: Ideagen plc Tel: 01629 699100 David Hornsby, Chief Executive Graeme Spenceley, Finance Director finnCap (Nominated Adviser and Broker) Tel: 020 7220 0500 Stuart Andrews / Henrik Persson / James Thompson (Corporate Finance) Stephen Norcross (Corporate Broking)
About Ideagen
Ideagen is a UK company quoted on the London Stock Exchange AIM market (Ticker: IDEA.L).
Ideagen is a supplier of Information Management software with operations in the UK, the United States and the Middle East. The Company specialises in GRC (Governance, Risk and Compliance) and Content and Clinical solutions with a primary focus on organisations operating within highly regulated industries. With an excellent portfolio of software products, Ideagen is able to provide complete information lifecycle solutions that enable organisations to reduce risk, meet their regulatory and compliance standards, helping them to reduce costs and improve efficiency.
The Group has a customer base of over 3,000 organisations using the Ideagen suite of products, including many blue chip names such as BAE Systems, Emirates, Shell and the European Central Bank as well as 150 hospitals in the UK and US.
For further information please visit www.ideagen.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name David Hornsby
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status CEO
--- ------------------------------- -------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------
a) Name Ideagen plc
--- ------------------------------- -------------------------------
b) LEI n/a
--- ------------------------------- -------------------------------
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 Ordinary Shares of 1p each
the Financial
instrument, type
of instrument
---
Identification GB00B0CM0C50
code
--- ------------------------------- -------------------------------
b) Nature of the Disposal of Ordinary Shares
transaction
--- ------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
75p 801,500
--------- ----------
--- ------------------------------- -------------------------------
d) Aggregated information:
* Aggregated volume 801,500 ordinary shares of
1p each sold at 75 pence per
ordinary share
* Price
--- ------------------------------- -------------------------------
e) Date of the transaction 23 March 2017
--- ------------------------------- -------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Graeme Spenceley
--- ------------------------------- ----------------------------------
2. Reason for the Notification
--- -------------------------------------------------------------------
a) Position/status CFO
--- ------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------------
a) Name Ideagen plc
--- ------------------------------- ----------------------------------
b) LEI n/a
--- ------------------------------- ----------------------------------
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 Exercise of options over ordinary
the Financial shares of 1p each under the
instrument, type 2015 Long Term Incentive Plan
of instrument and other unapproved option
scheme
---
Identification GB00B0CM0C50
code
--- ------------------------------- ----------------------------------
b) Nature of the Exercise of options
transaction
--- ------------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
n/a 500,000
205,000
---------- ----------
--- ------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume 500,000 options over ordinary
shares exercised pursuant
to the 2015 Long Term Incentive
* Price Plan
205,000 options over ordinary
shares exercised pursuant
to other unapproved option
scheme
--- ------------------------------- ----------------------------------
e) Date of the transaction 23 March 2017
--- ------------------------------- ----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ----------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------
a) Name Graeme Spenceley
--- ------------------------------- --------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------------
a) Position/status CFO
--- ------------------------------- --------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- --------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------
a) Name Ideagen plc
--- ------------------------------- --------------------------------
b) LEI n/a
--- ------------------------------- --------------------------------
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 Ordinary Shares of 1p each
the Financial
instrument, type
of instrument
---
Identification GB00B0CM0C50
code
--- ------------------------------- --------------------------------
b) Nature of the Disposal of Ordinary Shares
transaction
--- ------------------------------- --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
75p 395,000
--------- ----------
--- ------------------------------- --------------------------------
d) Aggregated information:
* Aggregated volume 395,000 ordinary shares of
1 pence each sold at 75 pence
per ordinary share
* Price
--- ------------------------------- --------------------------------
e) Date of the transaction 23 March 2017
--- ------------------------------- --------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- --------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Graeme Spenceley
--- ------------------------------- ----------------------------------
2. Reason for the Notification
--- -------------------------------------------------------------------
a) Position/status CFO
--- ------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------------
a) Name Ideagen plc
--- ------------------------------- ----------------------------------
b) LEI n/a
--- ------------------------------- ----------------------------------
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 Award of options over ordinary
the Financial shares of 1p each under the
instrument, type 2017 Long Term Incentive Plan
of instrument
---
Identification GB00B0CM0C50
code
--- ------------------------------- ----------------------------------
b) Nature of the Award of options
transaction
--- ------------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
n/a 1,200,000
---------- ----------
--- ------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume 1,200,000 options over ordinary
shares awarded
* Price
--- ------------------------------- ----------------------------------
e) Date of the transaction 23 March 2017
--- ------------------------------- ----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ----------------------------------
Details of the person discharging managerial
responsibilities / person closely associated
1.
----- -------------------------------------------------------------------
a) Name Ben Dorks
----- ------------------------------- ----------------------------------
2. Reason for the Notification
----- -------------------------------------------------------------------
a) Position/status Chief Customer Officer
----- ------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
----- ------------------------------- ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
----- -------------------------------------------------------------------
a) Name Ideagen plc
----- ------------------------------- ----------------------------------
b) LEI n/a
----- ------------------------------- ----------------------------------
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 Award of options over ordinary
the Financial shares of 1p each under the
instrument, type 2017 Long Term Incentive Plan
of instrument
-----
Identification GB00B0CM0C50
code
----- ------------------------------- ----------------------------------
b) Nature of the Award of options
transaction
----- ------------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
n/a 1,200,000
---------- ----------
----- ------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume 1,200,000 options over ordinary
shares awarded
* Price
----- ------------------------------- ----------------------------------
e) Date of the transaction 23 March 2017
----- ------------------------------- ----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
----- ------------------------------- ----------------------------------
Details of the person discharging managerial
responsibilities / person closely associated
1.
----- -------------------------------------------------------------------
a) Name Barnaby Kent
----- ------------------------------- ----------------------------------
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 Ideagen plc
----- ------------------------------- ----------------------------------
b) LEI n/a
----- ------------------------------- ----------------------------------
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 Award of options over ordinary
the Financial shares of 1p each under the
instrument, type 2017 Long Term Incentive Plan
of instrument
-----
Identification GB00B0CM0C50
code
----- ------------------------------- ----------------------------------
b) Nature of the Award of options
transaction
----- ------------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
n/a 1,200,000
---------- ----------
----- ------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume 1,200,000 options over ordinary
shares awarded
* Price
----- ------------------------------- ----------------------------------
e) Date of the transaction 23 March 2017
----- ------------------------------- ----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
----- ------------------------------- ----------------------------------
Details of the person discharging managerial
responsibilities / person closely associated
1.
----- -----------------------------------------------------------------
a) Name Barnaby Kent
----- ------------------------------- --------------------------------
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 Ideagen plc
----- ------------------------------- --------------------------------
b) LEI n/a
----- ------------------------------- --------------------------------
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 Ordinary Shares of 1p each
the Financial
instrument, type
of instrument
-----
Identification GB00B0CM0C50
code
----- ------------------------------- --------------------------------
b) Nature of the Disposal of Ordinary Shares
transaction
----- ------------------------------- --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
75p 255,000
--------- ----------
----- ------------------------------- --------------------------------
d) Aggregated information:
* Aggregated volume 255,000 ordinary shares of
1 pence each sold at 75 pence
per ordinary share
* Price
----- ------------------------------- --------------------------------
e) Date of the transaction 23 March 2017
----- ------------------------------- --------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
----- ------------------------------- --------------------------------
Details of the person discharging managerial
responsibilities / person closely associated
1.
----- -------------------------------------------------------------------
a) Name Barnaby Kent
----- ------------------------------- ----------------------------------
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 Ideagen plc
----- ------------------------------- ----------------------------------
b) LEI n/a
----- ------------------------------- ----------------------------------
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 Exercise of options over ordinary
the Financial shares of 1p each under the
instrument, type 2015 Long Term Incentive Plan
of instrument
-----
Identification GB00B0CM0C50
code
----- ------------------------------- ----------------------------------
b) Nature of the Exercise of options
transaction
----- ------------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
n/a 500,000
---------- ----------
----- ------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume 500,000 options over ordinary
shares exercised
* Price
----- ------------------------------- ----------------------------------
e) Date of the transaction 23 March 2017
----- ------------------------------- ----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
----- ------------------------------- ----------------------------------
Details of the person discharging managerial
responsibilities / person closely associated
1.
----- ----------------------------------------------------------------
a) Name Ben Dorks
----- ------------------------------- -------------------------------
2. Reason for the Notification
----- ----------------------------------------------------------------
a) Position/status Chief Customer Officer
----- ------------------------------- -------------------------------
b) Initial notification/Amendment Initial notification
----- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
----- ----------------------------------------------------------------
a) Name Ideagen plc
----- ------------------------------- -------------------------------
b) LEI n/a
----- ------------------------------- -------------------------------
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 Ordinary Shares of 1p each
the Financial
instrument, type
of instrument
-----
Identification GB00B0CM0C50
code
----- ------------------------------- -------------------------------
b) Nature of the Disposal of Ordinary Shares
transaction
----- ------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
75p 255,000
--------- ----------
----- ------------------------------- -------------------------------
d) Aggregated information:
* Aggregated volume 255,000 ordinary shares of
1 pence sold at 75 pence per
ordinary share
* Price
----- ------------------------------- -------------------------------
e) Date of the transaction 23 March 2017
----- ------------------------------- -------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
----- ------------------------------- -------------------------------
Details of the person discharging managerial
responsibilities / person closely associated
1.
----- -------------------------------------------------------------------
a) Name Ben Dorks
----- ------------------------------- ----------------------------------
2. Reason for the Notification
----- -------------------------------------------------------------------
a) Position/status Chief Customer Officer
----- ------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
----- ------------------------------- ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
----- -------------------------------------------------------------------
a) Name Ideagen plc
----- ------------------------------- ----------------------------------
b) LEI n/a
----- ------------------------------- ----------------------------------
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 Exercise of options over ordinary
the Financial shares of 1p each under the
instrument, type 2015 Long Term Incentive Plan
of instrument
-----
Identification GB00B0CM0C50
code
----- ------------------------------- ----------------------------------
b) Nature of the Exercise of options
transaction
----- ------------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
n/a 500,000
---------- ----------
----- ------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume 500,000 options over ordinary
shares exercised
* Price
----- ------------------------------- ----------------------------------
e) Date of the transaction 23 March 2017
----- ------------------------------- ----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
----- ------------------------------- ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHUOSRRBSAOUAR
(END) Dow Jones Newswires
March 23, 2017 06:49 ET (10:49 GMT)
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