Intercede Group PLC CLN Conversion to Equity (1801P)
February 16 2021 - 1:00AM
UK Regulatory
TIDMIGP
RNS Number : 1801P
Intercede Group PLC
16 February 2021
16 February 2021
INTERCEDE GROUP plc
('Intercede', the 'Company' or the 'Group')
CLN Conversion to Equity
Further to the announcement of 4 February 2021, Intercede, the
leading specialist in digital identities, credential management and
secure mobility, announces that it has received the final
conversion notice in respect of GBP1,550,000 nominal of CLNs. At
the Conversion Price of 68.8125 pence, this results in the issue of
2,252,497 Ordinary Shares to the Noteholder.
Issue of Equity
Application has been made for 2,252,497 new Ordinary Shares to
be admitted to trading on AIM and dealings are expected to commence
on or around 19 February 2021. The new Ordinary Shares will rank
pari passu with the existing Ordinary Shares.
Following the issue of the new Ordinary Shares, the total number
of shares in issue is 57,143,357 Ordinary Shares, each with voting
rights. The Company holds 41,645 Ordinary Shares in treasury,
therefore the total number of voting rights in the Company is
57,101,712.
The figure of 57,101,712 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.
Following the issue of these Ordinary Shares, there will be no
CLNs outstanding.
Capitalised terms used but not defined in this announcement
shall have the same meaning as set out in the Company's
announcement dated 4 February 2021.
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558 111
Klaas van der Leest, Chief Executive
Andrew Walker, Finance Director
finnCap Tel. +44 (0)20 7220 0500
Stuart Andrews / Simon Hicks, Corporate Finance
Tim Redfern / Charlotte Sutcliffe, ECM
About Intercede
Intercede is a cybersecurity company specialising in digital
identities, credential management and secure mobility.
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 all organisations, solving complexity issues by
simplifying the management of digital credentials, securely and at
scale.
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
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of MAR.
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END
IOESFLESIEFSEIE
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