IGP Intercede Group Plc

 

TIDMIGP 
 
RNS Number : 0789T 
Intercede Group PLC 
01 June 2009 
 

1 JUNE 2009 
 
 
Intercede Group plc 
("Intercede" or the "Company") 
 
 
 
 
Conversion of Loan Notes 
 
 
Intercede Group plc is pleased to announce that it has received notification 
from the remaining holders of the convertible loan notes issued by the Company 
on 31 March 2000 and 6 December 2001 ("the Loan Notes") that they have 
elected to convert the Loan Notes (together with associated interest for the 
period to 31 May 2009) into ordinary shares of 1p each in the Company. In order 
to effect the conversion, the Company has issued 3,877,166 new ordinary 
shares at a price of 15.0p per share and 6,897,083 new ordinary shares at a 
price of 20.0p per Ordinary Share (together "New Shares"). Following such 
conversion, the total issued share capital of the Company will be 48,178,005 
ordinary shares of 1p each. 
 
Application will be made to the London Stock Exchange for the New Shares to be 
admitted to trading on AIM. The New Shares will rank pari passu in all respects 
with the existing Ordinary Shares in issue and it is expected that trading will 
commence in the New Shares on 5 June 2009. 
 
 
Richard Parris, Chairman and Chief Executive of Intercede, commented: 
 
 
"We are delighted with the confidence shown in Intercede by the convertible loan 
note holders in converting all of the Loan Notes into equity. The conversion 
significantly strengthens the Company's balance sheet and leaves Intercede with 
a substantial cash balance as it continues to enjoy commercial success. This 
success, especially in the last year, provides grounds for all shareholders to 
be optimistic." 
 
 
Intercede will issue its Preliminary Results for the year ended 31 March 2009 by 
mid June 2009. 
 
 
ENQUIRIES 
 
+-----------------------------------------+-------------------------------------+ 
| Intercede Group plc                     | Tel.    +44 (0)1455 558111          | 
+-----------------------------------------+-------------------------------------+ 
| Richard Parris, Chairman & Chief        |                                     | 
| Executive                               |                                     | 
+-----------------------------------------+-------------------------------------+ 
| Andrew Walker, Finance Director         |                                     | 
+-----------------------------------------+-------------------------------------+ 
|                                         |                                     | 
+-----------------------------------------+-------------------------------------+ 
| FinnCap                                 | Tel.    +44 (0)20 7600 1658         | 
+-----------------------------------------+-------------------------------------+ 
| Clive Carver                            |                                     | 
+-----------------------------------------+-------------------------------------+ 
|                                         |                                     | 
+-----------------------------------------+-------------------------------------+ 
| Pelham Public Relations                 |                                     | 
+-----------------------------------------+-------------------------------------+ 
| Archie Berens                           | Tel.    +44 (0)20 7337 1509         | 
+-----------------------------------------+-------------------------------------+ 
|                                         |                                     | 
+-----------------------------------------+-------------------------------------+ 
 
 
About Intercede 
 
Intercede is the producer of the MyID  Identity and Credential Management System 
(IDCMS). Intercede's MyID is the only IDCMS software product that enables 
organizations to easily and securely manage the identities of people and their 
associated identity credentials within a single, integrated, workflow driven 
platform. This includes enabling and managing: secure registration, biometric 
capture, application vetting and approval through to smart card personalization, 
issuance and management. 
 
 
Intercede's MyID is being used around the world by large corporations, 
governments and banks to manage millions of identities for employees, citizens 
and customers. Notable deployments in the US include 10 Federal Agencies, a 
programme with Lockheed Martin and two major US financial institutions. In 
Europe and the Middle East, Intercede's MyID is being deployed in support of 
government identity, health and corporate employee ID security projects. 
Intercede and MyID are registered trademarks or trademarks in the UK, US and/or 
other countries. For more information visit http://www.intercede.com 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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