RNS – Result of General Meeting, 27th January 2017

27 January 2017

INTERCEDE GROUP plc

(‘Intercede’, the ‘Company’ or the ‘Group’)

Result of General Meeting

Intercede, the software and service company specialising in identity, credential management and secure mobility is pleased to announce that the special resolution put to shareholders at the General Meeting held earlier today was duly passed.

Accordingly, the Initial Issue of Convertible Loan Notes (with a conversion price of 68.8125 pence per Ordinary Share) (“CLNs”) has completed raising gross proceeds of £4,495,000. Application will be made by the Company to the CISEA market operated by the Channel Islands Securities Exchange (“CISEA”) for the CLNs to be admitted to trading on the CISEA. It is expected that trading will become effective by the first Interest Payment Date (defined in the CLN Instrument as 31 March 2017) and that dealings in the CLNs will commence at 8.00 a.m. on the relevant date. Further announcements regarding the admission of the CLNs to trading on the CISEA will be made in due course.

In addition, a subscription for 788,596 new ordinary shares of 1 pence each in the capital of the Company (“Ordinary Shares”) (the “Subscription Shares”) raising gross proceeds of £449,500, will complete upon admission to trading on AIM (“Admission”) of the Subscription Shares becoming effective, which is expected to occur at 8.00 a.m on 31 January 2017.

On Admission, the Company’s enlarged issued share capital will comprise 49,903,143 Ordinary Shares. The Company holds 294,000 Ordinary Shares in treasury, therefore the total number of voting rights in the Company will be 49,609,143. The figure of 49,609,143 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.

ENQUIRIES

Intercede Group plc                                                                Tel. +44 (0)1455 558 111

Richard Parris, Chairman & Chief Executive

Andrew Walker, Finance Director

finnCap                                                                                    Tel. +44 (0)20 7220 0500

Stuart Andrews, Corporate Finance

Simon Hicks, Corporate Finance

Bell Pottinger                                                                          Tel. +44 (0)7802 442486

Archie Berens

About Intercede

Intercede is a software and service company specializing in identity, credential management and secure mobility. Its solutions create a foundation of trust between connected people, devices and apps and combine expertise with innovation to provide world-class cybersecurity. Intercede has been delivering solutions to high profile customers, from the US and UK governments to some of the world’s largest corporations, telecommunications providers and information technology firms, for over 20 years. Intercede’s product portfolio includes MyID, an identity and credential management system that assigns trusted digital identities to employees citizens and machines. In 2015, Intercede launched MyTAM, enabling trusted applications to be loaded into a mobile device’s Trusted Execution Environment (TEE), providing hardware-level security for Android apps. In 2016, Intercede launched RapID, a secure, easy to implement authentication service for mobile apps and cloud services to completely eliminate the need for passwords.

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.