Intercede Group PLC Share Award (6372U)
October 26 2017 - 1:00AM
UK Regulatory
TIDMIGP
RNS Number : 6372U
Intercede Group PLC
26 October 2017
26 October 2017
Intercede Group plc
("Intercede" or the "Company")
Share Award
On 24 October 2017, a free unit award equivalent to 70,537
ordinary shares of 1 pence each in the capital of the Company
("Free Units") was granted and agreed with Chuck Pol, Non-Executive
Director of Intercede. The Free Units will vest on 29 September
2020, subject to the achievement of performance targets based upon
50% growth on FY2017 revenues in FY2018, a doubling of FY2017
revenues in FY2019 and a tripling of FY17 revenues in FY2020.
The award was made under the existing Intercede MyID Inc. Unit
Incentive Plan, further details of which are set out in note 16 of
the Intercede Group plc 2017 Annual Report & Accounts.
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
Capital Access Group Tel: +44 (0) 20 3763 3400
Scott Fulton Media
Ed Welsby Investors
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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