Share Incentive Plan & Issue of Equity

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 £3,600, 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/ 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	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 1 pence
	Identification code	GB0003287249
b)	Nature of the transaction	Free share award
c)	Price(s) and volume(s)	Richard Parris Price(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: ·     Aggregated volume ·     Price	See 4 (c) above
e)	Date of the transaction	26 July 2017
f)	Place of the transaction	Outside a trading venue

 

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