Transaction in Own Shares

RNS Number : 6681Y

Intercede Group PLC

03 December 2014

 

Intercede Group plc

("Intercede", the "Company" or the "Group")

Transaction in Own Shares

The Company announces that, in accordance with the terms of its general authority to make market purchases of its own shares granted to it by shareholders of the Company on 17 September 2014 and following the announcement by the Company on 6 November 2014, the Company on 2 December 2014 acquired 20,000 ordinary shares of 1 pence each in the capital of the Company (the "Ordinary Shares") (the "Purchase"). The Purchase was made in the market for cash at a price of 163.50 pence per Ordinary Share. Following the Purchase, the Ordinary Shares will be held in treasury.

The Company advises that, following the Purchase, the Company's issued share capital is 48,735,005 Ordinary Shares (including 239,000 Ordinary Shares held as treasury shares). Therefore the Company's total number of Ordinary Shares with voting rights is 48,496,005.

The above figure of 48,496,005 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

Intercede Group plc                                                           Tel: [phone]

Richard Parris, Chairman & Chief Executive

Andrew Walker, Finance Director  

finnCap Ltd                                                                          Tel: [phone]

Stuart Andrews, Corporate Finance

Joanna Weaving, Corporate Broking

About Intercede

Intercede is a software company specialising in identity and credential management with a global team of experts located in the US and UK.

Intercede's MyID software enables organisations to create and use trusted digital identities for employees, citizens and machines. This allows secure access to services, facilities, information and networks.

MyID meets the highest government standards yet is simple enough to be deployed onto consumer devices such as smart phones and tablets. Critically, MyID provides an easy, convenient and secure alternative to passwords.

Millions of identities are managed using MyID and Intercede has provided identity verification and management services to global customers for more than 20 years. MyID is a commercial off the shelf software product, designed and developed to be configurable so it can be embedded as the cornerstone of cyber security infrastructure for governments and corporations.

Customers trusting Intercede for secure digital identity include the US and UK governments and some of the world's largest corporations, telecommunications providers and information technology partners.

For more information visit www.intercede.com.

 

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