Intercede was notified on 5 September 2013 by the Trustees of The Azalia Trust (“the “Trust”), being persons connected with Jacques Tredoux, a director of Intercede, that a controlled undertaking of the Trust has disposed of 712,456 ordinary shares of 1 pence each in the Company (“Ordinary Shares”).
Following the disposal, the Trust now has an aggregate indirect holding of 10,350,672 Ordinary Shares, representing 21.2% of the issued ordinary share capital of the Company.
Following a restructuring of the Trust’s aggregate indirect holding, the only controlled undertaking of the Trust with a disclosable holding is Latitude Investments Limited, which holds the 10,350,672 Ordinary Shares.
Intercede® is a security software provider specialising in trusted digital identities.
Intercede’s MyID® identity management platform enables global organisations and governments to create trusted digital identities for employees and citizens on secure devices such as smartcards, smartphones and tablets. MyID enables the protection of IP, assets, and digital content, delivering trusted digital identities as the cornerstone of cyber security strategies for government, defence, financial services and other industries.
The Company operates in global markets (including the US, Europe and Middle East) and works with large international partners to deliver flexible digital identity solutions that are interoperable with other existing technologies and which are tailored to customer needs.
The world’s largest governments, major corporations and mobile network operators trust Intercede’s deep expertise to deliver effective solutions. The Company’s technology achievements reflect a significant investment in the development of intellectual property, exemplary speed of deployment and adherence to international standards including FIPS 201, where MyID was the first electronic personalization product to obtain GSA approval. This trust is reflected in Intercede’s rate of repeat business with its customers, which typically runs at 70-80% of annual revenues.
Intercede has been developing ID management systems since 1992 and MyID is currently deployed by end customers located in 24 countries. The company is headquartered in the UK, listed on the London Stock Exchange AIM: IGP and ISO 9001 and TickIT certified.
For more information visit www.intercede.com
Intercede Group plc
Tel.+44 (0)1455 558111
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
Tel.+44 (0)207 220 0500
Stuart Andrews, Corporate Finance
Joanna Weaving, Corporate Broking