Intercede Group PLC Director and PDMR Share Option Awards (5752W)
10 November 2014 - 10:28AM
UK Regulatory
TIDMIGP
RNS Number : 5752W
Intercede Group PLC
10 November 2014
10 November 2014
Intercede Group plc
("the Company" or "the Group")
Director and PDMR Share Option Awards
On 7 November 2014, new share options were granted under the
existing Intercede Group plc Long Term Incentive Plan to Executive
Directors, a Person Discharging Managerial Responsibilities (PDMR)
and senior managers of the Group.
The award is in accordance with the resolution that was approved
by shareholders at the Company's AGM on 17 September 2014:
a) option exercise price of 127.5p representing the mid-market
price as at close of play on 6 November 2014;
b) performance condition for the option to become exercisable
being that the share price of the Company reaches or exceeds 400p
for a period of 30 consecutive days over the period commencing on
the third anniversary of the date of grant and ending on the
seventh anniversary of the date of grant. In the event of a
takeover of the Company, options would only vest if the offer price
per share was at least 200p; and
c) the total number of share options granted was 500,000 which
includes the following award levels to the executive directors and
PDMR:
Name Number of Share Options
Richard Parris 200,000
Andrew Walker 50,000
Jayne Murphy 50,000
Following the options granted above, the interests of the
Directors and their immediate families in the total voting rights
of the Company are detailed below:
Number of Percentage Total Number
Ordinary Shares of Voting Rights of Shares
(%) under Option
Richard Parris 5,645,396 11.6 1,119,565
Andrew Walker 1,497,192 3.1 424,094
Enquiries:
Intercede Group plc Tel: 01455 558111
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
finnCap Ltd Tel: 020 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 visit www.intercede.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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