27th July 2017

Intercede Group plc

(“Intercede” or the “Company”)

Share Incentive Plan & Issue of Equity

The Company confirms that a Free Share Award has been made to all UK employees to the value of £3,600, the equivalent of 5,950 ordinary shares of 1p each per employee (“Ordinary Shares”). Following this award, Richard Parris and Andrew Walker have the following interests in the share capital of the Company: 

 

Previous  Shareholding       

Revised Shareholding        

% of Issued Share Capital

Richard Parris*

5,701,652

5,713,552

11.3%

Andrew Walker

1,525,320

1,531,270

3.0%

 

* The interests of Richard Parris include those of Jayne Murphy, a person closely associated (“PCA”) with Mr Parris.

Subsequent to the Free Share Award, application has been made for the 620,783 Ordinary Shares (the “Free Share Award Shares”) to be admitted to trading on AIM (“Admission”). The Free Share Award Shares will rank pari passu with the existing Ordinary Shares of the Company. 

Following Admission, the Company's enlarged issued share capital will comprise 50,523,926 Ordinary Shares. The Company holds 41,645 Ordinary Shares in treasury, therefore the total number of voting rights in the Company will be 50,482,281.

The figure of 50,482,281 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 Guidance and Transparency Rules.

ENQUIRIES

Intercede Group plc

Tel.      +44 (0)1455 558111

Andrew Walker, Finance Director

 

 

 

finnCap

Tel.      + 44 (0)20 7220 0500

Stuart Andrews, Corporate Finance

Simon Hicks, Corporate Finance

 

 

 

 

 

 

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.

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)

Names

Richard Parris – Chairman and Chief Executive

Jayne Murphy – PCA with Richard Parris

Andrew Walker – Finance Director

2.               

Reason for the Notification

a)

Position/status

See 1 (a) above – PDMR’s of the Company or PCA’s of PDMR’s of the Company

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

n/a

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 transaction

Free share award

c)

Price(s) and volume(s)

Richard Parris

Price(s)

Volume(s)

60.5p

5,950

Jayne Murphy

Price(s)

Volume(s)

60.5p

5,950

Andrew Walker

Price(s)

Volume(s)

60.5p

5,950

d)

Aggregated information:

·       Aggregated volume

·       Price

See 4 (c) above

e)

Date of the transaction

26 July 2017

f)

Place of the transaction

Outside a trading venue