Appointment of Adviser

RNS Number : 9216Y

Intercede Group PLC

09 March 2017

 

9 March 2017                                                                                                                    

INTERCEDE GROUP plc

("Intercede" or "the Company")

Appointment of Adviser

Intercede today announces that it has appointed Capital Access Group ("CAG") as its investor relations adviser. CAG will support the Company in the development of its equity capital market communications with a specific focus on shareholder engagement and new investor targeting.

The Company has recently published a trading update (3 March 2017) which highlighted the considerable revenue opportunities facing Intercede in the medium term. This is a function of the likely positive impact of, amongst other factors, the US Government's cybersecurity initiative and the forthcoming EU directive on payment services, both of which are expected to expand Intercede's addressable markets considerably.

CAG will support the company in communicating this potential to shareholders and new investors alike.

Commenting on the appointment, Richard Parris, Chairman and CEO of Intercede, said;

"Intercede is facing a significant step change in its prospects. We have developed our market leading intellectual property to build on the success of MyID with the launch of RapID for transactions on mobile devices and the roll out of MyTAM for applications in the IoT. These initiatives are designed to address the potential offered by the structural trend towards multi-factor authentication and away from traditional password security. It is important that the Company is able to articulate clearly the significant potential this holds for our business and the markets which it addresses."

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

Ed Welsby

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

About Capital Access Group (CAG)

Capital Access Group advises companies on effective engagement with investors. Its services range from corporate access, investment research, investor targeting, data analytics and perception studies. CAG focuses on relationships with Private Client Fund Managers (PCFMs), regional pension funds and wealth managers. Currently, it acts for over 60 UK companies from FTSE 100 constituents to AIM listed entities. Its investment audience consists of over 500 individual firms and over 4,500 fund managers with combined Assets under Management (AuM) of over £650bn.

For more information visit: www.capitalaccessgroup.co.uk

 

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