TIDMIGP
RNS Number : 0268V
Intercede Group PLC
08 December 2021
8 December 2021
INTERCEDE GROUP plc
('Intercede', the 'Company' or the 'Group')
Director/PDMR Shareholding and Issue of Equity
Intercede, the leading specialist in digital identity,
credential management and secure mobility, announces that on 8
December 2021 it received a notification of exercise from Andrew
Walker, Finance Director, in relation to 500,000 share options
("Options") over ordinary shares of 1p each in the Company
("Ordinary Shares") at an exercise price of 27.0 pence pursuant to
the Company's Enterprise Management Incentive Plan (the
"Exercise").
Following the Exercise, Mr Walker sold 300,000 Ordinary Shares
at a price of 78.0 pence per Ordinary Share on 8 December 2021 in
order to cover the cost of the Exercise. Following the Exercise and
the sale of shares, Mr Walker has an increased shareholding of
1,817,337 Ordinary Shares in the Company, representing
approximately 3.15% of the Company's issued share capital. He no
longer has any share options in the Company.
The notification below, which has been made in accordance with
the requirements of the Market Abuse Regulation, provides further
detail.
Issue of Equity
Accordingly, application has been made for 500,000 new Ordinary
Shares to be issued pursuant to the Exercise to be admitted to
trading on AIM ("Admission"). Admission is expected to occur at
8.00 a.m. on or around 15 December 2021.
The new Ordinary Shares will rank pari passu with the existing
shares of the Company. Following Admission, the Company's issued
share capital consists of 57,743,357 Ordinary Shares, each with
voting rights. The Company holds 131,645 Ordinary Shares in
treasury, therefore the total number of voting rights in the
Company is 57,611,712. Accordingly, the figure of 57,611,712 may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the
FCA's Disclosure Guidance and Transparency Rules.
Following the Exercise, there are options outstanding over
1,400,000 Ordinary Shares, representing 2.42% of the Company's
issued share capital.
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558 111
Klaas van der Leest, Chief Executive
Andrew Walker, Finance Director
finnCap Tel. +44 (0)20 7220 0500
Stuart Andrews/Simon Hicks, Corporate Finance
Tim Redfern/Charlotte Sutcliffe, ECM
About Intercede
Intercede is a cybersecurity company specialising in digital
identities, derived credentials and access control, enabling
digital trust in a mobile world.
Headquartered in the UK, with offices in the US, we believe in a
connected world in which people and technology are free to exchange
information securely, and complex insecure passwords become a thing
of the past.
Our vision is to make the highest levels of cybersecurity
available to organizations and consumers alike, solving complexity
and scalability issues by managing high volumes of digital
credentials.
We have been delivering trusted solutions to high profile
customers for over 20 years. Our team of experts has deployed
millions of identities to governments, most of the largest
aerospace and defence corporations, and major financial services
and healthcare organizations, as well as leading
telecommunications, cloud services and information technology
firms, providing industry-leading employee and customer credential
management systems.
For more information visit: www.intercede.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Walker
------------------------------- -------------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------
a) Position/status Finance Director
------------------------------- -------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Intercede Group plc
------------------------------- -------------------------------------------
b) LEI 213800VFMNCYCDQ65C90
------------------------------- -------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
a) Description of the Options over Ordinary Shares of 1
Financial instrument, pence
type of instrument
Identification code GB0003287249
------------------------------- -------------------------------------------
b) Nature of the transactions - Exercise of Options held under the
Company's Enterprise Management Incentive
Plan
- Sale of Ordinary Shares
------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise 27.0p 500,000
--------- ----------
Sale 78.0p 300,000
--------- ----------
------------------------------- -------------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- -------------------------------------------
e) Date of the transaction 8 December 2021
------------------------------- -------------------------------------------
f) Place of the transaction Exercise: outside of a trading venue
Sale: London Stock Exchange, AIM Market
(XLON)
------------------------------- -------------------------------------------
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END
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