Source - LSE Regulatory
RNS Number : 3531G
Ideagen PLC
23 July 2021
 

Ideagen PLC

("Ideagen," "the Company" or the "Group'')

PDMR dealing, exercise of options and total voting rights

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management Software to highly regulated industries, announces that it has received notification for the exercise of Options, including by directors of the Company and a number of other Persons Discharging Managerial Responsibilities ("PDMR"), over 2,100,000 ordinary shares of 1 pence each ("Ordinary Shares") which are being satisfied by the issue of 2,100,000 new Ordinary Shares.

 

Subsequently, 1,050,000 Ordinary Shares were sold to cover the taxes associated with the exercise of these options. The Options exercised relate to the Company's 2018 LTIP scheme. The Board (other than those exercising their Options) used its discretion under the rules of the LTIP share option schemes to allow the early exercise of the options. However, other than the sales of shares to cover the taxes, the rules of the LTIP share option schemes require that the remaining shares issued pursuant to this exercise cannot be sold before the fourth anniversary of the original option grant date.

Details of all PDMR dealings are included in the below table.

PDMR

Position

Dealing

Number of options exercised

Exercise price/sale price

Ben Dorks

Chief Executive Officer

Options exercise

600,000

1p

Sale of shares

300,000

260p

Emma Hayes

Chief Financial Officer

Options exercise

375,000

1p

Sale of shares

187,500

260p

Ian Hepworth

Chief Technology Officer

Options exercise

250,000

1p

Sale of shares

125,000

260p

Arun Varma

Chief Marketing Officer

Options exercise

250,000

1p

Sale of shares

125,000

260p

Following the above transactions, Ben Dorks holds 2,953,216 Ordinary Shares (representing 1.2% of the Company's issued Ordinary Shares) and Emma Hayes holds 281,250 Ordinary Shares (representing 0.1% of the Company's issued Ordinary Shares). The Company has 1,737,147 options in issue.

Application has been made to the London Stock Exchange for the 2,100,000 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on or around 29 July 2021.

After Admission, the total number of Ordinary Shares in issue will be 254,460,322 and the total number of voting rights will therefore be 254,460,322. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310

 

Enquiries:

Ideagen plc

01629 699 100

Ben Dorks, Chief Executive Officer


Emma Hayes, Chief Financial Officer




finnCap Limited

020 7220 0500

Henrik Persson/James Thompson (Nomad)


Alice Lane (ECM)


Canaccord Genuity

020 7523 8000

Simon Bridges


Richard Andrews

 




FTI Consulting

020 3727 1000

Jamie Ricketts

ideagen@fticonsulting.com

Dwight Burden


Valerija Cymbal


 

 

About Ideagen plc

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

A global supplier of regulatory and compliance solutions, Ideagen provides a common software platform and an integrated risk-based approach to meet multi-industry standards, enabling compliance with relevant laws, policies, and regulations.

The Group provides software and services to organisations operating within highly regulated industries such as life sciences, healthcare, banking and finance, insurance, aviation, and aerospace and defence, with its main operational premises spread throughout the UK, EU, US, Middle East and SE Asia.

Currently, over 6,000 organisations use Ideagen's products including nine 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 250 hospitals across the UK and US amongst its client base. For further information please visit www.ideagen.com .


 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ben Dorks

2.            

Reason for the Notification

a)

Position/status

Chief Executive Officer and PDMR

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

Ordinary Shares of 1p each

Identification code

GB00B0CM0C50

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

260 pence

 300,000

d)

Aggregated information:

·      Aggregated volume

·      Price

Sale of 300,000 ordinary shares at 260 pence per share

e)

Date of the transaction

22 July 2021

f)

Place of the transaction

AIM

 

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Emma Hayes

2.            

Reason for the Notification

a)

Position/status

Chief Financial Officer and PDMR

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

Ordinary Shares of 1p each

Identification code

GB00B0CM0C50

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

260 pence

 187,500

d)

Aggregated information:

·      Aggregated volume

·      Price

Sale of 187,500 ordinary shares at 260 pence per share.

e)

Date of the transaction

22 July 2021

f)

Place of the transaction

AIM

 

 

 

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ian Hepworth

2.            

Reason for the Notification

a)

Position/status

Chief Technology Officer and PDMR

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

Ordinary Shares of 1p each

Identification code

GB00B0CM0C50

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

260 pence

 125,000

d)

Aggregated information:

·      Aggregated volume

·      Price

Sale of 125,000 ordinary shares at 260 pence per share.

e)

Date of the transaction

22 July 2021

f)

Place of the transaction

AIM

 

 

 

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Arun Varma

2.            

Reason for the Notification

a)

Position/status

Chief Marketing Officer and PDMR

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

Ordinary Shares of 1p each

Identification code

GB00B0CM0C50

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

260 pence

 125,000

d)

Aggregated information:

·      Aggregated volume

·      Price

Sale of 125,000 ordinary shares at 260 pence per share.

e)

Date of the transaction

22 July 2021

f)

Place of the transaction

AIM

 

 

 

 

 

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ben Dorks

2.            

Reason for the Notification

a)

Position/status

Chief Executive Officer and PDMR

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

Ordinary Shares of 1p each

Identification code

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

Exercise of 600,000 ordinary shares at 1 penny per share

e)

Date of the transaction

22 July 2021

f)

Place of the transaction

AIM

 

 

 

 

 

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Emma Hayes

2.            

Reason for the Notification

a)

Position/status

Chief Financial Officer and PDMR

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

Ordinary Shares of 1p each

Identification code

GB00B0CM0C50

b)

Nature of the transaction

Exercise of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1 pence

 375,000

d)

Aggregated information:

·      Aggregated volume

·      Price

Exercise of 375,000 ordinary shares at 1 penny per share

e)

Date of the transaction

22 July 2021

f)

Place of the transaction

Off market transaction

 

 

 

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ian Hepworth

2.            

Reason for the Notification

a)

Position/status

Chief Technology Officer and PDMR

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

Ordinary Shares of 1p each

Identification code

GB00B0CM0C50

b)

Nature of the transaction

Exercise of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1 pence

 250,000

d)

Aggregated information:

·      Aggregated volume

·      Price

Exercise of 250,000 ordinary shares at 1 penny per share

e)

Date of the transaction

22 July 2021

f)

Place of the transaction

Off market transaction

 

 

 

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Arun Varma

2.            

Reason for the Notification

a)

Position/status

Chief Marketing Officer and PDMR

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

Ordinary Shares of 1p each

Identification code

GB00B0CM0C50

b)

Nature of the transaction

Exercise of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1 pence

 250,000

d)

Aggregated information:

·      Aggregated volume

·      Price

Exercise of 250,000 ordinary shares at 1 penny per share

e)

Date of the transaction

22 July 2021

f)

Place of the transaction

Off market transaction

 

 

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