ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

IDEA Ideagen Plc

349.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ideagen PLC Extension to 2018 Long Term Incentive Plan awards (4001U)

29/03/2019 7:01am

UK Regulatory


Ideagen (LSE:IDEA)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Ideagen Charts.

TIDMIDEA

RNS Number : 4001U

Ideagen PLC

29 March 2019

Ideagen PLC

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

Extension to 2018 Long Term Incentive Plan awards

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, announces the award of a total of 2,500,000 share options over the Company's ordinary shares of 1p each ("Ordinary Shares"), under an extension to the Company's 2018 Long Term Incentive Plan, to the following directors and executives of the Company:

 
 Name                Position                    Number of options 
                                                           awarded 
 Graeme Spenceley    Executive Director - CFO              750,000 
                    --------------------------  ------------------ 
 Barnaby Kent        Executive Director - COO              750,000 
                    --------------------------  ------------------ 
 Paul Marshall       Chief Customer Officer                500,000 
                    --------------------------  ------------------ 
 Ian Hepworth        Chief Technology Officer              500,000 
                    --------------------------  ------------------ 
 

The award of these options will be known as the 2018 LTIP Extension ("the Award").

On 23 March 2017, the Company had awarded options to Mr Spenceley and Mr Kent pursuant to the terms of the 2017 Long Term Incentive Plan ("2017 LTIP").

These 2017 LTIP options were issued with the principal aim, which has now been achieved, of becoming fully exercisable on the Company achieving a share price of 136 pence, which represented a doubling of the share price from the 68 pence condition set in the previous 2015 Long Term Incentive Plan. Accordingly, all of the 2017 LTIP options had been exercised by October 2018.

The principles underpinning the Award are the same as those of the 2018 LTIP award made to Mr Ben Dorks, Chief Executive Officer, announced on 23 October 2018, insofar as the options under the Award will be subject to the following challenging performance criteria: one half become eligible to vest on the Company's share price reaching 196 pence over 30 consecutive business days with the remainder becoming eligible to vest on the Company's share price reaching 259 pence over 30 consecutive business days.

Options issued pursuant to the Award 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 except to meet the taxation costs arising on the exercise of those options. They are also 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.

Following the award of these options, there are now 11,261,667 options over Ordinary Shares in issue representing 5.1% of the issued share capital of the Company.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. The Company confirms that it is no longer in possession of any unpublished price sensitive information.

Enquiries:

 
Ideagen plc                          01629 699100 
David Hornsby, Executive Chairman 
Ben Dorks, Chief Executive 
Graeme Spenceley, Finance Director 
 
finnCap Limited                      020 7220 0500 
Henrik Persson/James Thompson 
 (Nomad) 
Alice Lane (ECM) 
Canaccord Genuity                    020 7523 8000 
Simon Bridges 
Ben Griffiths 
Jack Haynes 
 

About Ideagen plc

Ideagen is a UK-headquartered, global technology company quoted on the London Stock Exchange AIM market (Ticker: IDEA.L).

The Group provides software and services to organisations operating within highly regulated industries such as aviation, banking and finance and life science, with its main operational premises spread throughout the UK, EU, US, Middle East and SE Asia.

With an excellent portfolio of software products including Q-Pulse, Coruson, Pentana Audit, Pentana Performance and PleaseReview, Ideagen helps its clients reduce costs, improve operational efficiency, strengthen compliance and oversight and anticipate and manage every detail of risk.

Currently, more than 3,700 organisations use Ideagen's products including seven of the top 10 UK accounting firms, all of the top aerospace and defence companies and 75% of the world's leading pharmaceutical firms.

Ideagen's diverse and varied customer base includes many well-known, global brands such as British Airways, Aggreko, BAE, Ryanair, US Navy, KLM, BBVA, Bank of New York, Commerzbank, Meggitt, Heineken, Johnson Matthey, Haeco Group and European Central Bank. As well as this, Ideagen counts 180 hospitals across the UK and US amongst its client base.

For further information please visit www.ideagen.com.

 
    Details of the person discharging managerial responsibilities/person closely associated 
a)  Name:                                                         Graeme Spenceley 
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:                                                         Ideagen plc 
b)  LEI:                                                          213800KS1MLITOVNYC85 
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:  Options over Ordinary shares of 1 pence each 
     Identification code: 
                                                                   GB00B0CM0C50 
b)  Nature of the transaction:                                    Grant of Options 
c)  Price(s) and volume(s):                                        Price(s)   Volume(s) 
                                                                    1 pence    750,000 
d)  Aggregated information:                                       N/A 
     -- Aggregated volume: 
     -- Price: 
e)  Date of the transaction:                                      28 March 2019 
f)  Place of the transaction:                                     Off market transaction 
 
 
    Details of the person discharging managerial responsibilities/person closely associated 
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:                                                          213800KS1MLITOVNYC85 
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:  Options over Ordinary shares of 1 pence each 
     Identification code: 
                                                                   GB00B0CM0C50 
b)  Nature of the transaction:                                    Grant of Options 
c)  Price(s) and volume(s):                                        Price(s)   Volume(s) 
                                                                    1 pence    750,000 
d)  Aggregated information:                                       N/A 
     -- Aggregated volume: 
     -- Price: 
e)  Date of the transaction:                                      28 March 2019 
f)  Place of the transaction:                                     Off market transaction 
 
 
    Details of the person discharging managerial responsibilities/person closely associated 
a)  Name:                                                         Paul Marshall 
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:                                                          213800KS1MLITOVNYC85 
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:  Options over Ordinary shares of 1 pence each 
     Identification code: 
                                                                   GB00B0CM0C50 
b)  Nature of the transaction:                                    Grant of Options 
c)  Price(s) and volume(s):                                        Price(s)   Volume(s) 
                                                                    1 pence    500,000 
d)  Aggregated information:                                       N/A 
     -- Aggregated volume: 
     -- Price: 
e)  Date of the transaction:                                      28 March 2019 
f)  Place of the transaction:                                     Off market transaction 
 
 
    Details of the person discharging managerial responsibilities/person closely associated 
a)  Name:                                                         Ian Hepworth 
2.  Reason for the notification 
a)  Position/status:                                              Chief Technology 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:                                                          213800KS1MLITOVNYC85 
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:  Options over Ordinary shares of 1 pence each 
     Identification code: 
                                                                   GB00B0CM0C50 
b)  Nature of the transaction:                                    Grant of Options 
c)  Price(s) and volume(s):                                        Price(s)   Volume(s) 
                                                                    1 pence    500,000 
d)  Aggregated information:                                       N/A 
     -- Aggregated volume: 
     -- Price: 
e)  Date of the transaction:                                      28 March 2019 
f)  Place of the transaction:                                     Off market transaction 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCJPMLTMBMTBJL

(END) Dow Jones Newswires

March 29, 2019 03:01 ET (07:01 GMT)

1 Year Ideagen Chart

1 Year Ideagen Chart

1 Month Ideagen Chart

1 Month Ideagen Chart

Your Recent History

Delayed Upgrade Clock