REG - Intercede Group PLC - Share Award

IntercedeAnnouncement

12/02/2020 11:25

RNS Number : 7833C
Intercede Group PLC
12 February 2020
 


12 February 2020
Intercede Group plc
 
("Intercede" or the "Company")
 
Share Award
 
On 11 February 2020, a free unit award equivalent to 100,000 ordinary shares of 1 pence each in the capital of the Company ("Free Units") was granted and agreed with Rob Chandhok. The Free Units will vest subject to the price of an Ordinary Share reaching 81p, calculated as an average over a period of 30 consecutive trading days ending 12 June 2022, being three years from the date Rob was appointed as a Non-Executive Director of Intercede.
 
The award was made under the existing Intercede MyID Inc. Unit Incentive Plan, further details of which are set out in note 17 of the Intercede Group plc 2019 Annual Report & Accounts.
 
 
 
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


Corporate Finance




Simon Hicks


Corporate Finance













 
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
 
 
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
 



1.           


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Rob Chandhok - Non-Executive Director




2.           


Reason for the Notification




a)


Position/status


See 1(a) above




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 Financial instrument, type of instrument


Ordinary shares of 1 pence




Identification code


GB0003287249




b)


Nature of the transactions


Grant of Options
 




c)


Price(s) and volume(s)





Price(s)


Volume(s)




n/a


100,000








d)


Aggregated information:
·      Aggregated volumes
·      Prices


Grant of 100,000 free units, which will vest and become exercisable on 12 June 2022, given the specific performance criteria is met
 




e)


Date of the transaction


See 4(c) above




f)


Place of the transaction


Outside of trading venue



 
 




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END
 
 
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