Director/PDMR Shareholding and Issue of equity

RNS Number : 1710F

Intercede Group PLC

12 June 2012

 

12 June 2012

Intercede Group plc

("Intercede" or the "Company")

Director Share Dealings and Issue of Equity

The Company announces that on 11 June 2012 Andrew Walker, the Finance Director of the Company, exercised the 240,000 unapproved share options over ordinary shares of 1p each in Intercede ("Ordinary Shares") that were granted to him on 3 July 2002 at an exercise price of 40.5p per Ordinary Share. Application has been made for 240,000 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence in the new Ordinary Shares on 15 June 2012.

Intercede was also informed on 11 June 2012 that, on the same date and prior to the exercise of the above options, 207,122 Ordinary Shares were purchased by the self-invested personal pension (SIPP) of Andrew Walker at 60.5p per share from his own beneficial holding.

Following the exercise of options, the Company has 48,668,005 Ordinary Shares in issue. There are 57,975 Ordinary Shares held in Treasury. The total number of voting rights in the Company is therefore 48,610,030. This number may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or a change in their interest in, the Company under the Disclosure and Transparency Rules.

Further to these transactions, Mr. Walker has increased his shareholding from 1,376,227 to 1,616,227 Ordinary Shares (207,122 of which are held in a SIPP) which represents 3.32% of the Company's total voting rights.

ENQUIRIES

Intercede Group plc	Tel.        [phone]
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
FinnCap	Tel.      + 44 (0)20 7220 0500
Sarah Wharry
Rose Herbert

 

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