Intercede Group PLC Share Incentive Plan & Issue of Equity (2233M)

TIDMIGP

RNS Number : 2233M

Intercede Group PLC

27 July 2017

27 July 2017

Intercede Group plc

("Intercede" or the "Company")

Share Incentive Plan & Issue of Equity

The Company confirms that a Free Share Award has been made to all UK employees to the value of GBP3,600, the equivalent of 5,950 ordinary shares of 1p each per employee ("Ordinary Shares"). Following this award, Richard Parris and Andrew Walker have the following interests in the share capital of the Company:

 
                    Previous Shareholding   Revised Shareholding      % of Issued 
                                                                    Share Capital 
 Richard Parris*                5,701,652              5,713,552            11.3% 
 Andrew Walker                  1,525,320              1,531,270             3.0% 
 

* The interests of Richard Parris include those of Jayne Murphy, a person closely associated ("PCA") with Mr Parris.

Subsequent to the Free Share Award, application has been made for the 620,783 Ordinary Shares (the "Free Share Award Shares") to be admitted to trading on AIM ("Admission"). The Free Share Award Shares will rank pari passu with the existing Ordinary Shares of the Company.

Following Admission, the Company's enlarged issued share capital will comprise 50,523,926 Ordinary Shares. The Company holds 41,645 Ordinary Shares in treasury, therefore the total number of voting rights in the Company will be 50,482,281.

The figure of 50,482,281 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

ENQUIRIES

 
 Intercede Group plc         Tel. [phone] 
 Andrew Walker, Finance 
  Director 
 
 finnCap                     Tel. + 44 (0)20 7220 
                              0500 
 Stuart Andrews, Corporate 
  Finance 
  Simon Hicks, Corporate 
  Finance 
 
 
 

About Intercede

Intercede is a software and service company specializing in identity, credential management and secure mobility. Its solutions create a foundation of trust between connected people, devices and apps and combine expertise with innovation to provide world-class cybersecurity. Intercede has been delivering solutions to high profile customers, from the US and UK governments to some of the world's largest corporations, telecommunications providers and information technology firms, for over 20 years. Intercede's product portfolio includes MyID, an identity and credential management system that assigns trusted digital identities to employees citizens and machines. In 2015, Intercede launched MyTAM, enabling trusted applications to be loaded into a mobile device's Trusted Execution Environment (TEE), providing hardware-level security for Android apps. In 2016, Intercede launched RapID, a secure, easy to implement authentication service for mobile apps and cloud services to completely eliminate the need for passwords.

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.

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)   Names                      Richard Parris - Chairman 
                                  and Chief Executive 
                                  Jayne Murphy - PCA with Richard 
                                  Parris 
                                  Andrew Walker - Finance Director 
---  -------------------------  ------------------------------------ 
 2.   Reason for the Notification 
---  --------------------------------------------------------------- 
 a)   Position/status            See 1 (a) above - PDMR's of 
                                  the Company or PCA's of PDMR's 
                                  of the Company 
---  -------------------------  ------------------------------------ 
 b)   Initial notification/      Initial Notification 
       Amendment 
---  -------------------------  ------------------------------------ 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------- 
 a)   Name                       Intercede Group 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 1 pence 
       the Financial 
       instrument, type 
       of instrument 
--- 
      Identification             GB0003287249 
       code 
---  -------------------------  ------------------------------------ 
 b)   Nature of the              Free share award 
       transaction 
---  -------------------------  ------------------------------------ 
 c)   Price(s) and               Richard Parris Price(s)   Volume(s) 
       volume(s)                  ---------  ---------- 
                                   60.5p      5,950 
                                  ---------  ---------- 
 
                                  Jayne Murphy Price(s)   Volume(s) 
                                  ---------  ---------- 
                                   60.5p      5,950 
                                  ---------  ---------- 
 
                                  Andrew Walker Price(s)   Volume(s) 
                                  ---------  ---------- 
                                   60.5p      5,950 
                                  ---------  ---------- 
---  -------------------------  ------------------------------------ 
 d)   Aggregated information:    See 4 (c) above 
        *    Aggregated volume 
 
 
        *    Price 
---  -------------------------  ------------------------------------ 
 e)   Date of the transaction    26 July 2017 
---  -------------------------  ------------------------------------ 
 f)   Place of the               Outside a trading venue 
       transaction 
---  -------------------------  ------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 27, 2017 02:03 ET (06:03 GMT)