Intercede, the software and service company specialising in identity, credential management and secure mobility, was notified on 27 September 2019 that The Azalia Trust, a (“PCA”) with Jacques Tredoux, Non-Executive Director of the Company, purchased a total of 1,668,880 ordinary shares of 1 pence (“Ordinary Shares”) at a price of 30.0 pence per Ordinary Share.
Following this transaction, Jacques Tredoux and PCA’s with him are beneficially interested in a total of 14,984,636 Ordinary Shares, representing approximately 29.7% of the Company’s issued share capital.
Intercede Group plc
Tel. +44 (0)1455 558 111
Klaas van der Leest, Chief Executive
Andrew Walker, Finance Director
Tel. +44 (0)20 7220 0500
Stuart Andrews, Corporate Finance
Simon Hicks, Corporate Finance
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||Azalia Trust – PCA of Jacques Tredoux, 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|
|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|
|b)||Nature of the transactions||Purchase of ordinary shares|
|c)||Price(s) and volume(s)||
· Aggregated volumes
|Purchase of a total of 1,688,880 ordinary shares at a price of 30p per ordinary share|
|e)||Date of the transaction||27 September 2019 2019|
|f)||Place of the transaction||
Off market transaction