Intercede Group PLC Share Buyback Programme (2825W)
06 November 2014 - 8:02AM
UK Regulatory
TIDMIGP
RNS Number : 2825W
Intercede Group PLC
06 November 2014
6 November 2014
Intercede Group plc
("Intercede" or the "Company")
Share Buyback Programme
Intercede announces its intention to commence a share buyback
programme (the "Buyback Programme") to acquire up to 250,000
ordinary shares of 1 pence each in the capital of the Company
("Ordinary Shares") as and when they become available at volumes
and prices that, from time to time, the Board considers
appropriate.
The Board intends that any Ordinary Shares acquired pursuant to
the Buyback Programme will be held in treasury and used in relation
to staff incentive schemes. Any shares acquired pursuant to the
Buyback Programme will be immediately notified to a Regulatory
Information Service in accordance with the AIM Rules for
Companies.
Any acquisitions will be effected in accordance with the
Company's general authority to buy back Ordinary Shares and within
certain set parameters, including that the maximum price paid per
Ordinary Share is to be no more than 105% of the average middle
market price of an Ordinary Share for the five business days
preceding the date of acquisition.
In addition, given the liquidity in the Ordinary Shares, the
Company may buy back in any one day more than 25% of the average
daily volume over the preceding 20 business days.
Intercede confirms that it currently has no unpublished price
sensitive information.
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558111
Andrew Walker, Finance Director
finnCap Tel. + 44 (0)20 7220 0500
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 about Intercede, please visit
www.intercede.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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