INTERCEDE GROUP plc
('Intercede', the 'Company' or the 'Group')
Director/PDMR Shareholding and Issue of Equity
Intercede, the leading specialist in digital identity, credential management and secure mobility, announces that on 14 September 2022 it received a notification of exercise from Klaas van der Leest, Chief Executive Officer, in relation to 620,000 share options ("Options") over ordinary shares of 1p each in the Company ("Ordinary Shares") at an exercise price of 27.0 pence pursuant to the Company's Enterprise Management Incentive Plan (the "Exercise").
Following the Exercise, Mr Van der Leest has an increased shareholding of 788,106 Ordinary Shares in the Company, representing approximately 1.35% of the Company's issued share capital.
The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
Issue of Equity
Accordingly, application has been made for 620,000 new Ordinary Shares to be issued pursuant to the Exercise to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on or around 20 September 2022.
The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following Admission, the Company's issued share capital consists of 58,363,357 Ordinary Shares, each with voting rights. The Company holds 131,645 Ordinary Shares in treasury, therefore the total number of voting rights in the Company is 58,231,712. Accordingly, the figure of 58,231,712 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 Company under the FCA's Disclosure Guidance and Transparency Rules.
Following the Exercise, there are options outstanding over 780,000 Ordinary Shares, representing 1.34% of the Company's issued share capital.
ENQUIRIES
| Intercede Group plc | Tel. + 44 (0)1455 558111 |
| Klaas van der Leest | CEO |
| Nitil Patel | CFO |
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| finnCap Ltd | Tel. + 44 (0)20 7220 0500 |
| Simon Hicks/Fergus Sullivan | Corporate Finance |
| Tim Redfern/Charlotte Sutcliffe | ECM |
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 organisations 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 organisations, 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
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 Officer | ||||
| 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
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| b) | LEI | 213800VFMNCYCDQ65C90
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| 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 | Options over Ordinary Shares of 1 pence | ||||
| Identification code | GB0003287249 | |||||
| b) | Nature of the transactions | Exercise of Options held under the Company's Enterprise Management Incentive Plan | ||||
| c) | Date(s), Price(s) and volume(s) |
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| d) | Aggregated information: · Aggregated volumes · Prices | See 4(c) above | ||||
| e) | Date of the transaction | 14 September 2022
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| f) | Place of the transaction | Exercise: outside of a trading venue | ||||
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