Intercede Share Discussion Threads

[outsider] 02/3/2010 07:31

Director/PDMR Shareholding



TIDMIGP

RNS Number : 8955H
Intercede Group PLC
02 March 2010

?
2 March 2010

Intercede Group plc
("Intercede" or the "Company")
Director Share Dealings
In response to institutional demand, Richard Parris, Chairman and CEO of
Intercede (AIM: IGP.L) has sold 1,000,000 Intercede shares, representing 2.08
per cent. of the voting rights of the Company, to leading technology investor
Herald Investment Trust at a price of 42.5 pence per share.

Intercede is a leading producer of Identity and Credential Management software
called MyID, which manages the secure registration, issuance and life cycle of
digital identities for a wide range of uses.

Following this sale on 1 March 2010, Richard Parris and his immediate family
will own 5,472,232 shares representing 11.36 per cent. of the total voting
rights of the Company.

[accumulat0r] 02/3/2010 02:57

Awilson,

Re: #1900; WJCCGHCC has said that a MBO is highly unlikely. Posts 1353 & 1354 refer.

[iicb] 01/3/2010 23:39

ok, cheers SM100....

[awilson] 01/3/2010 22:44

Re the million share transaction, the Aphrodites post 1790 seems well worth considering.

[glasshalfull] 01/3/2010 20:55

More positive news today.
I do so look forward to my extra curricular ACTI activities :-)

Regards,
GHF

[smartmoney100] 01/3/2010 18:40

iicb, 1m is just a tad over 2%. 3% is notifiable so it would depend on any existing shareholding.

[iicb] 01/3/2010 17:15

Does a trade of 1m need any official announcement or is it below the "threshold"?

[237gmoney] 01/3/2010 17:10

Is this not just the UK ID card contract confirmation? or at least part of it that thales got.....

Still that 1m share trade could be a buy from a fund (hargreve hale) to another buyer done under the table? hence the price. When buying in size its the best way to trade. Positive news on the legal case will see this get a re-rating but until then......

[igoe104] 01/3/2010 17:05

Also hopefully more subcontract fees from thales coming soon on a different project.

[interceptor2] 01/3/2010 17:05

Very pleasing RNS today, it's just frustrating that we have Actividentity using spoiling tactics in the background. Looking forward to proceeding to start against Actinidentity in the UK, with contracts rolling in it's time for IGP to go for the throat.

As for the 1.0m treade today, often with computerised system they take a best guess using the spread, and it's very common to see them predict it wrong. With larger tranactions over normal market size it would most likely be a late announcement, so looks a buy to me.

[igoe104] 01/3/2010 16:15

I get the feeling we will see a buy appear of 1,000,000 as well some time. (B trade etc) probably someone purchased a big chunk off hale hargreaves. thats my guess.

[billbyrne] 01/3/2010 15:59

The deals keep coming despite activ. Excellent news.

[iicb] 01/3/2010 14:57

thanks fft. It doesn't make any sense to sell at 42.5 in my opinion, so it is baffling me currently if it really was a sell.

Regards,
CB

[iicb] 01/3/2010 14:40

1-Mar-10 14:10:16 42.50 1,000,000 Sell* 42.00 46.00 425.00k

This is from LSE (London South East) website....

[kmacgre] 01/3/2010 14:30

Whatever it was and I don't have L2, the Thales deal was good for IGP in the light of the legal stuff now in play.
Again, my regards and thanks.
WKM

[iicb] 01/3/2010 14:29

....this little share so deserves a re-rating, it hurts..... Acti have a lot to answer for....

[smartmoney100] 01/3/2010 14:28

Director perhaps? Given that they've waited until the RNS has come out?

[iicb] 01/3/2010 14:28

Well I hope it was a buy, just my system says a sell, and the price was 42.50 for it..... seems a bit out of play if it was a sell though surely???

[wjccghcc] 01/3/2010 14:26

Given that it would be negotiated over the last couple of days, it would be someone wanting to buy in in size.

[kmacgre] 01/3/2010 14:25

ii - I am not currently a holder, but surely that was a buy.
Regards
WKM

[iicb] 01/3/2010 14:21

Great news, but I have that down as a SELL on Barc L2....

[rivaldo] 01/3/2010 14:11

Excellent RNS - promptly followed by a 1m share trade at 42.5p!

[igoe104] 26/2/2010 09:15

BULGARIA as well.

[igoe104] 25/2/2010 11:00

Opportunitity here hopefully.