REG - Intercede Group PLC - Director/PDMR Shareholding and Issue of Equity

IntercedeAnnouncement

08/12/2021 15:55

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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 Financial instrument, type of instrument  Options over Ordinary Shares of 1 pence
               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)

 

d)

Aggregated information:

·       Aggregated volumes

·       Prices

See 4(c) above

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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