TIDMIDEA
RNS Number : 3081D
Ideagen PLC
08 October 2018
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Ideagen PLC
("Ideagen," the "Company" or the "Group")
Issue of shares under the Share Incentive Plan and Total Voting
Rights
Ideagen PLC (AIM: IDEA), a leading supplier of Information
Management software to highly regulated industries, announces the
allotment of 290,739 new ordinary shares of 1 penny each in the
capital of the Company ("Ordinary Shares") following the annual
award of shares to eligible employees (the "Free Shares") and the
further allotment of 4,168 Ordinary Shares following the monthly
purchase of Ordinary Shares by a number of employees, both under
the Company's Share Incentive Plan ("SIP").
Under the terms of the SIP, the Company makes an annual award of
Free Shares to all eligible employees subject to the achievement of
a profit target set by the Board for a particular year. The profit
target was achieved in respect of the year ended 30 April 2018 and
the Company has agreed to award new Ordinary Shares to the value of
GBP2,000 to all eligible employees based on the closing mid-market
price on 21 September 2018 (the "Award"). In order to obtain the
full tax benefits of the SIP, members of staff will need to remain
as employees of the Group for 5 years from the date of the
Award.
Accordingly the Company has allotted a total of 294,907 Ordinary
Shares to be held in trust for the benefit of employees.
As part of the Award, 1,201 new Ordinary Shares were allotted to
each of the executive directors of the Company; David Hornsby, Ben
Dorks, Graeme Spenceley and Barnaby Kent, who now have the
following interests in the share capital of the company.
Executive Director Previous shareholding New shareholding % of enlarged
issued share
capital held
David Hornsby 8,648,856 8,650,057 3.9%
---------------------- ----------------- --------------
Ben Dorks 1,999,323 2,000,524 0.9%
---------------------- ----------------- --------------
Graeme Spenceley 827,043 828,244 0.4%
---------------------- ----------------- --------------
Barnaby Kent 2,276,983 2,278,184 1.0%
---------------------- ----------------- --------------
Application has been made for the total of 294,907 new Ordinary
Shares issued pursuant to the above allotments, which will rank
pari passu with existing Ordinary Shares, to be admitted to trading
on AIM ("Admission"). It is expected that Admission will become
effective and dealings will commence at 8:00am on 12 October
2018.
Following Admission, the total issued share capital of the
Company will consist of 219,219,425 Ordinary Shares. This number
may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their
interest, or a change to their interest in, the Company under the
FCA's Disclosure and Transparency Rules.
Enquiries:
Ideagen plc 01629 699100
David Hornsby, Executive Chairman
Ben Dorks, Chief Executive Officer
Graeme Spenceley, Finance Director
finnCap Limited 020 7220 0500
Stuart Andrews/Henrik Persson/James Thompson
(Nomad)
Alice Lane (ECM)
About Ideagen plc
Ideagen is a UK-headquartered, global technology company quoted
on the London Stock Exchange AIM market (Ticker: IDEA.L).
The Group provides software and services to organisations
operating within highly regulated industries such as aviation,
banking and finance and life science, with its main operational
premises spread throughout the UK, EU, US, Middle East and SE
Asia.
With an excellent portfolio of software products including
Q-Pulse, Coruson, Pentana Audit, Pentana Performance and
PleaseReview, Ideagen helps its clients reduce costs, improve
operational efficiency, strengthen compliance and oversight and
anticipate and manage every detail of risk.
Currently, more than 3,700 organisations use Ideagen's products
including seven of the top 10 UK accounting firms, all of the top
aerospace and defence companies and 75% of the world's leading
pharmaceutical firms.
Ideagen's diverse and varied customer base includes many
well-known, global brands such as British Airways, Aggreko, BAE,
Ryanair, US Navy, KLM, BBVA, Bank of New York, Commerzbank,
Meggitt, Heineken, Johnson Matthey, Haeco Group and European
Central Bank. As well as this, Ideagen counts 180 hospitals across
the UK and US amongst its client base.
For further information please visit www.ideagen.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 David Hornsby
2. Reason for the Notification
a) Position/status Executive Chairman
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Ideagen 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 1p each
Identification code GB00B0CM0C50
b) Nature of the transaction Award of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 1,201
d) Aggregated information:
-- Aggregated volume 1,201 ordinary shares of 1p each awarded
-- Price
e) Date of the transaction 08 October 2018
f) Place of the transaction Off market transaction
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Graeme Spenceley
2. Reason for the Notification
a) Position/status CFO
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Ideagen 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 1p each
Identification code GB00B0CM0C50
b) Nature of the transaction Award of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 1,201
d) Aggregated information:
-- Aggregated volume 1,201 ordinary shares of 1p each awarded
-- Price
e) Date of the transaction 08 October 2018
f) Place of the transaction Off market transaction
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Ben Dorks
2. Reason for the Notification
a) Position/status CEO
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Ideagen 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 1p each
Identification code GB00B0CM0C50
b) Nature of the transaction Award of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 1,201
d) Aggregated information:
-- Aggregated volume 1,201 ordinary shares of 1p each awarded
-- Price
e) Date of the transaction 08 October 2018
f) Place of the transaction Off market transaction
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Barnaby Kent
2. Reason for the Notification
a) Position/status Chief Operating Officer
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Ideagen 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 1p each
Identification code GB00B0CM0C50
b) Nature of the transaction Award of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 1,201
d) Aggregated information:
-- Aggregated volume 1,201 ordinary shares of 1p each awarded
-- Price
e) Date of the transaction 08 October 2018
f) Place of the transaction Off market transaction
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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October 08, 2018 07:46 ET (11:46 GMT)
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