Source - RNS
RNS Number : 4948K
Ideagen PLC
11 April 2018
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

11 April 2018

 

Ideagen PLC

("Ideagen" or the "Group")

 

 

Directors' dealings

 

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, announces dealings by certain directors in Ideagen's ordinary shares of 1p each ("Ordinary Shares").

 

Graeme Spenceley, Barnaby Kent and Ben Dorks, executive directors (the "Exercising Directors"), have each exercised 600,000 options over Ordinary Shares (the "Options"). Each subsequently sold 300,000 Ordinary Shares at a price of 109 pence per Ordinary Share to cover the costs and tax arising on the exercise. These Options were awarded pursuant to the Group's 2017 long-term incentive plan ("2017 LTIP") and the Board (excluding the Exercising Directors) used their discretion under the 2017 LTIP to allow the early exercise of the Options and associated sale.

 

Each of the Exercising Directors has undertaken to the Board that they will not, without the permission of the Board (excluding each of the Exercising Directors), sell any of the remaining 300,000 Ordinary Shares issued to each of them pursuant to this exercise before the fourth anniversary of issue on 23 March 2021 when they would otherwise have been entitled to do so in accordance with the 2017 LTIP.

 

Furthermore, Jonathan Wearing, non-executive chairman, and each of the Exercising Directors, sold a further number of Ordinary Shares previously held by them at a price of 109 pence per Ordinary Share, as set out in the below table.

 

Director

Prior holding

Issue of Ordinary shares pursuant to exercise of Options

Sale of Ordinary Shares

(total)

Resultant holding of Ordinary Shares

Resultant holding as %age of enlarged Ordinary Share capital

Graeme Spenceley

627,040

600,000

400,000

827,040

0.4%

Barnaby Kent

1,776,980

600,000

400,000

1,976,980

1.0%

Ben Dorks

1,499,320

600,000

400,000

1,699,320

0.8%

Jonathan Wearing

4,339,066

-

150,000

4,189,066

2.1%

 

Ideagen has also issued a further 600,000 Ordinary Shares to employees pursuant to exercises of Share Options. All of the above dealings (being the exercises of Share Options and the sales of Ordinary Shares) occurred on 10 April 2018.

 

Application has been made for the total of 2,400,000 new Ordinary Shares issued pursuant to the above exercises of Share Options, 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 or around 16 April 2018.

 

Following Admission, the total issued share capital of the Company will consist of 202,650,090 Ordinary Shares. This number may be used by shareholders as the denominated 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, Chief Executive

Graeme Spenceley, Finance Director

finnCap Limited

020 7220 0500

Stuart Andrews/Henrik Persson/James Thompson (Nomad)

Stephen Norcross (Corporate Broking)

 

About Ideagen plc

Ideagen is a UK company quoted on the London Stock Exchange AIM market (Ticker: IDEA.L).

Ideagen is a supplier of Information Management software with operations in the UK, the United States and the Middle East. The Company specialises in GRC (Governance, Risk and Compliance) and Content and Clinical solutions with a primary focus on organisations operating within highly regulated industries. With an excellent portfolio of software products, Ideagen can provide complete information lifecycle solutions that enable organisations to reduce risk, meet their regulatory and compliance standards, helping them to reduce costs and improve efficiency

The Group has a customer base of over 3,000 organisations using the Ideagen of products, including many blue chip names such as BAE Systems, Emirates, Shell and the European Central Bank as well as 150 hospitals in the UK and US.

For further information please visit www.ideagen.com

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Graeme Spenceley

2.     

Reason for the notification

a)

Position/status:

Chief Financial 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:

213800KS1MLITOVNYC85

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:

Identification code:

Ordinary shares of 1 pence each

 

GB00B0CM0C50

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

1 pence

600,000

d)

Aggregated information:

·      Aggregated volume:

·      Price:

N/A

e)

Date of the transaction:

10 April 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:

Chief Financial 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:

213800KS1MLITOVNYC85

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:

Identification code:

Ordinary shares of 1 pence each

 

GB00B0CM0C50

b)

Nature of the transaction:

Sale of Ordinary Shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

109 pence

400,000

d)

Aggregated information:

·      Aggregated volume:

·      Price:

N/A

e)

Date of the transaction:

10 April 2018

f)

Place of the transaction:

On 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:

213800KS1MLITOVNYC85

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:

Identification code:

Ordinary shares of 1 pence each

 

GB00B0CM0C50

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

1 pence

600,000

d)

Aggregated information:

·      Aggregated volume:

·      Price:

N/A

e)

Date of the transaction:

10 April 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:

213800KS1MLITOVNYC85

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:

Identification code:

Ordinary shares of 1 pence each

 

GB00B0CM0C50

b)

Nature of the transaction:

Sale of Ordinary Shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

109 pence

400,000

d)

Aggregated information:

·      Aggregated volume:

·      Price:

N/A

e)

Date of the transaction:

10 April 2018

f)

Place of the transaction:

On 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:

Chief Customer 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:

213800KS1MLITOVNYC85

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:

Identification code:

Ordinary shares of 1 pence each

 

GB00B0CM0C50

b)

Nature of the transaction:

Exercise of options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

1 pence

600,000

d)

Aggregated information:

·      Aggregated volume:

·      Price:

N/A

e)

Date of the transaction:

10 April 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:

Chief Customer 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:

213800KS1MLITOVNYC85

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:

Identification code:

Ordinary shares of 1 pence each

 

GB00B0CM0C50

b)

Nature of the transaction:

Sale of Ordinary Shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

109 pence

400,000

d)

Aggregated information:

·      Aggregated volume:

·      Price:

N/A

e)

Date of the transaction:

10 April 2018

f)

Place of the transaction:

On market transaction

 

5.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Jonathan Wearing

6.     

Reason for the notification

a)

Position/status:

Non-Executive Chairman

b)

Initial notification/Amendment:

Initial notification

7.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Ideagen plc

b)

LEI:

213800KS1MLITOVNYC85

8.     

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:

Identification code:

Ordinary shares of 1 pence each

 

GB00B0CM0C50

b)

Nature of the transaction:

Sale of Ordinary Shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

109 pence

150,000

d)

Aggregated information:

·      Aggregated volume:

·      Price:

N/A

e)

Date of the transaction:

10 April 2018

f)

Place of the transaction:

On market transaction

 


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The company news service from the London Stock Exchange
 
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