Share Award

RNS Number : 6372U

Intercede Group PLC

26 October 2017

 

26 October 2017

Intercede Group plc

("Intercede" or the "Company")

Share Award

On 24 October 2017, a free unit award equivalent to 70,537 ordinary shares of 1 pence each in the capital of the Company ("Free Units") was granted and agreed with Chuck Pol, Non-Executive Director of Intercede. The Free Units will vest on 29 September 2020, subject to the achievement of performance targets based upon 50% growth on FY2017 revenues in FY2018, a doubling of FY2017 revenues in FY2019 and a tripling of FY17 revenues in FY2020.

The award was made under the existing Intercede MyID Inc. Unit Incentive Plan, further details of which are set out in note 16 of the Intercede Group plc 2017 Annual Report & Accounts.

ENQUIRIES

Intercede Group plc	Tel: [phone]
Richard Parris	Chairman & Chief Executive
Andrew Walker	Finance Director
finnCap	Tel: [phone]
Stuart Andrews	Corporate Finance
Simon Hicks	Corporate Finance
Capital Access Group	Tel: [phone]
Scott Fulton	Media
Ed Welsby	Investors

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.

 

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