Ideagen PLC Issue of Shares and Total Voting Rights (3081D)

TIDMIDEA

RNS Number : 3081D

Ideagen PLC

08 October 2018

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Ideagen PLC

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

Issue of shares under the Share Incentive Plan and Total Voting Rights

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, announces the allotment of 290,739 new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") following the annual award of shares to eligible employees (the "Free Shares") and the further allotment of 4,168 Ordinary Shares following the monthly purchase of Ordinary Shares by a number of employees, both under the Company's Share Incentive Plan ("SIP").

Under the terms of the SIP, the Company makes an annual award of Free Shares to all eligible employees subject to the achievement of a profit target set by the Board for a particular year. The profit target was achieved in respect of the year ended 30 April 2018 and the Company has agreed to award new Ordinary Shares to the value of GBP2,000 to all eligible employees based on the closing mid-market price on 21 September 2018 (the "Award"). In order to obtain the full tax benefits of the SIP, members of staff will need to remain as employees of the Group for 5 years from the date of the Award.

Accordingly the Company has allotted a total of 294,907 Ordinary Shares to be held in trust for the benefit of employees.

As part of the Award, 1,201 new Ordinary Shares were allotted to each of the executive directors of the Company; David Hornsby, Ben Dorks, Graeme Spenceley and Barnaby Kent, who now have the following interests in the share capital of the company.

 
 Executive Director    Previous shareholding   New shareholding   % of enlarged 
                                                                   issued share 
                                                                   capital held 
 David Hornsby                     8,648,856          8,650,057       3.9% 
                      ----------------------  -----------------  -------------- 
 Ben Dorks                         1,999,323          2,000,524       0.9% 
                      ----------------------  -----------------  -------------- 
 Graeme Spenceley                    827,043            828,244       0.4% 
                      ----------------------  -----------------  -------------- 
 Barnaby Kent                      2,276,983          2,278,184       1.0% 
                      ----------------------  -----------------  -------------- 
 

Application has been made for the total of 294,907 new Ordinary Shares issued pursuant to the above allotments, which will rank pari passu with existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence at 8:00am on 12 October 2018.

Following Admission, the total issued share capital of the Company will consist of 219,219,425 Ordinary Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

 
Ideagen plc                                    01629 699100 
David Hornsby, Executive Chairman 
 Ben Dorks, Chief Executive Officer 
Graeme Spenceley, Finance Director 
 
finnCap Limited                                020 7220 0500 
Stuart Andrews/Henrik Persson/James Thompson 
 (Nomad) 
Alice Lane (ECM) 
 
 
 

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.

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                                              Executive Chairman 
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 the Financial instrument, type of instrument  Ordinary Shares of 1p each 
    Identification code                                          GB00B0CM0C50 
b)  Nature of the transaction                                    Award of Ordinary Shares 
c)  Price(s) and volume(s)                                       Price(s)   Volume(s) 
                                                                  N/A        1,201 
d)  Aggregated information: 
     -- Aggregated volume                                          1,201 ordinary shares of 1p each awarded 
     -- Price 
e)  Date of the transaction                                      08 October 2018 
f)  Place of the transaction                                     Off market transaction 
 
 
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 the Financial instrument, type of instrument  Ordinary Shares of 1p each 
    Identification code                                          GB00B0CM0C50 
b)  Nature of the transaction                                    Award of Ordinary Shares 
c)  Price(s) and volume(s)                                       Price(s)   Volume(s) 
                                                                  N/A        1,201 
d)  Aggregated information: 
     -- Aggregated volume                                          1,201 ordinary shares of 1p each awarded 
     -- Price 
e)  Date of the transaction                                      08 October 2018 
f)  Place of the transaction                                     Off market transaction 
 
 
1.  Details of the person discharging managerial responsibilities / person closely associated 
a)  Name                                                         Ben Dorks 
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 the Financial instrument, type of instrument  Ordinary Shares of 1p each 
    Identification code                                          GB00B0CM0C50 
b)  Nature of the transaction                                    Award of Ordinary Shares 
c)  Price(s) and volume(s)                                       Price(s)   Volume(s) 
                                                                  N/A        1,201 
d)  Aggregated information: 
     -- Aggregated volume                                          1,201 ordinary shares of 1p each awarded 
     -- Price 
e)  Date of the transaction                                      08 October 2018 
f)  Place of the transaction                                     Off market transaction 
 
 
1.  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                                                          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 the Financial instrument, type of instrument  Ordinary Shares of 1p each 
    Identification code                                          GB00B0CM0C50 
b)  Nature of the transaction                                    Award of Ordinary Shares 
c)  Price(s) and volume(s)                                       Price(s)   Volume(s) 
                                                                  N/A        1,201 
d)  Aggregated information: 
     -- Aggregated volume                                          1,201 ordinary shares of 1p each awarded 
     -- Price 
e)  Date of the transaction                                      08 October 2018 
f)  Place of the transaction                                     Off market transaction 
 

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October 08, 2018 07:46 ET (11:46 GMT)