Intercede Group PLC Grant of Options (6845E)
October 22 2018 - 1:00AM
UK Regulatory
TIDMIGP
RNS Number : 6845E
Intercede Group PLC
22 October 2018
22 October 2018
Intercede Group plc
("Intercede" or the "Company")
Grant of Options
Intercede, the leading specialist in digital identity,
credential management and secure mobility, announces that on 19
October 2018 it granted options ("Options") over ordinary shares of
1p in the Company ("Ordinary Shares") under the existing Intercede
Group plc Long Term Incentive Plan to Klaas van der Leest, Chief
Executive and Andrew Walker, Finance Director.
The Options have been granted at a price of 27.0 pence per
Ordinary Share, being the closing mid-market price of an Ordinary
Share on 18 October 2018. They will be exercisable from 19 October
2021 to 18 October 2028, dependent on the price of an Ordinary
Share reaching the following prices for a period of 30 consecutive
trading days in the period up to and ending 19 October 2021, being
three years from the date of the grant (the "Performance
Criteria"):
- 69 pence per Ordinary Share ("Tranche 1");
- 119 pence per Ordinary Share ("Tranche 2"); and
- 169 pence per Ordinary Share ("Tranche 3").
Dependent on the Performance Criteria above being achieved, the
number of Options that will vest and become exercisable is as
follows:
Director Tranche 1 Tranche 2 Tranche 3
Klaas van der 500,000 Options 250,000 Options 250,000 Options
Leest
---------------- ---------------- ----------------
Andrew Walker 350,000 Options 150,000 Options 150,000 Options
---------------- ---------------- ----------------
Following this grant, there are a total of 2,062,500 Options
outstanding, representing approximately 4.1 per cent. of the
current issued share capital of the Company.
Further detail is set out in the PDMR disclosure tables
below.
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558111
Klaas van der Leest, Chief Executive
Andrew Walker, Finance Director
finnCap Tel. + 44 (0)20 7220 0500
Stuart Andrews, Corporate Finance
Simon Hicks, Corporate Finance
About Intercede
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.
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 Klaas van der Leest
------------------------------- --------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Chief Executive
------------------------------- --------------------------------------
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 213800VFMNCYCDQ65C90
------------------------------- --------------------------------------
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 Options over Ordinary Shares of 1
Financial instrument, pence
type of instrument
Identification code GB0003287249
------------------------------- --------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
27.0p 1,000,000
----------
------------------------------- --------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- --------------------------------------
e) Date of the transaction 19 October 2018
------------------------------- --------------------------------------
f) Place of the transaction Off market transaction
------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Walker
------------------------------- --------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Finance Director
------------------------------- --------------------------------------
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 213800VFMNCYCDQ65C90
------------------------------- --------------------------------------
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 Options over Ordinary Shares of 1
Financial instrument, pence
type of instrument
Identification code GB0003287249
------------------------------- --------------------------------------
b) Nature of the transactions Grant of Options over Ordinary Shares
------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
27.0p 650,000
----------
------------------------------- --------------------------------------
d) Aggregated information: See 4(c) above
* Aggregated volumes
* Prices
------------------------------- --------------------------------------
e) Date of the transaction 19 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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