Intercede Group PLC Share Award (7833C)

TIDMIGP

RNS Number : 7833C

Intercede Group PLC

12 February 2020

12 February 2020

Intercede Group plc

("Intercede" or the "Company")

Share Award

On 11 February 2020, a free unit award equivalent to 100,000 ordinary shares of 1 pence each in the capital of the Company ("Free Units") was granted and agreed with Rob Chandhok. The Free Units will vest subject to the price of an Ordinary Share reaching 81p, calculated as an average over a period of 30 consecutive trading days ending 12 June 2022, being three years from the date Rob was appointed as a Non-Executive Director of Intercede.

The award was made under the existing Intercede MyID Inc. Unit Incentive Plan, further details of which are set out in note 17 of the Intercede Group plc 2019 Annual Report & Accounts.

ENQUIRIES

 
 Intercede Group plc   Tel: [phone] 
 Klaas van der Leest   Chief Executive 
 Andrew Walker         Finance Director 
 
 finnCap               Tel: [phone] 
 Stuart Andrews        Corporate Finance 
 Simon Hicks           Corporate Finance 
 
 

About Intercede

Intercede is a cybersecurity company specialising in digital identities, derived credentials and access control, enabling digital trust in a mobile world.

Headquartered in the UK, with offices in the US, we believe in a connected world in which people and technology are free to exchange information securely, and complex insecure passwords become a thing of the past.

Our vision is to make the highest levels of cybersecurity available to organizations and consumers alike, solving complexity and scalability issues by managing high volumes of digital credentials.

We have been delivering trusted solutions to high profile customers for over 20 years. Our team of experts has deployed millions of identities to governments, most of the largest aerospace and defence corporations, and major financial services and healthcare organizations, as well as leading telecommunications, cloud services and information technology firms, providing industry-leading employee and customer credential management systems.

For more information visit: www.intercede.com

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Rob Chandhok - Non-Executive 
                                        Director 
     -------------------------------  ---------------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------------- 
 a)   Position/status                  See 1(a) above 
     -------------------------------  ---------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  ---------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                             Intercede Group plc 
     -------------------------------  ---------------------------------------- 
 b)   LEI                              213800VFMNCYCDQ65C90 
     -------------------------------  ---------------------------------------- 
 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               Ordinary shares of 1 pence 
       Financial instrument, 
       type of instrument 
      Identification code              GB0003287249 
     -------------------------------  ---------------------------------------- 
 b)   Nature of the transactions       Grant of Options 
     -------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         n/a         100,000 
                                                    ---------- 
     -------------------------------  ---------------------------------------- 
 d)   Aggregated information:          Grant of 100,000 free units, 
       -- Aggregated volumes            which will vest and become exercisable 
       -- Prices                        on 12 June 2022, given the specific 
                                        performance criteria is met 
     -------------------------------  ---------------------------------------- 
 e)   Date of the transaction          See 4(c) above 
     -------------------------------  ---------------------------------------- 
 f)   Place of the transaction         Outside of trading venue 
     -------------------------------  ---------------------------------------- 
 

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February 12, 2020 06:22 ET (11:22 GMT)