Intercede Group PLC Issue of Convertible Loan Notes (9469O)
25 August 2017 - 8:00AM
UK Regulatory
TIDMIGP
RNS Number : 9469O
Intercede Group PLC
25 August 2017
25 August 2017
INTERCEDE GROUP plc
("Intercede", or the "Group")
Issue of Convertible Loan Notes
Further to the Fundraising announcement of 28 December 2016,
Intercede, the leading specialist in digital identity, credential
management and secure mobility, is pleased to announce that it has
raised GBP0.5 million through the issue of Convertible Loan Notes
("CLN"). These CLNs are convertible at 68.8125p per Ordinary Share
and increase the total raised under the CLN instrument to GBP5.0
million.
Richard Parris, Chairman and CEO of Intercede, said;
"The increase in our cash reserves is beneficial as, following
on from our December Fundraising, we continue to enhance our sales
& marketing team and capabilities to meet the exciting new
opportunities we are seeing. We are pleased to welcome a major new
institutional investor and believe it is a significant vote of
confidence in Intercede that they have chosen to participate in the
Company's development."
Contact
Intercede Group plc Tel: +44 (0) 1455 558 111
Richard Parris Chairman & Chief Executive
Andrew Walker Finance Director
finnCap Tel: +44 (0) 20 7220 0500
Stuart Andrews Corporate Finance
Simon Hicks Corporate Finance
Capital Access Group Tel: +44 (0) 20 3763 3400
Scott Fulton Media
Ed Welsby Investors
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
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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