Director Share Dealings & Resignation

RNS Number : 1109D

Intercede Group PLC

26 January 2015

 



Intercede Group plc

("Intercede" or the "Company")

Director Share Dealings & Resignation

Intercede was notified on 23 January 2015 that Ian Drew, a non-executive director of the Company, has purchased the following ordinary shares of 1 pence each ("Ordinary Shares") in the Company:

Date of transaction	Type of transaction	Number of Ordinary Shares transacted	Transaction price (pence)
23 January 2015	Purchase	26,000	114.0

Following these transactions Mr Drew's interest in Intercede consists of 73,000 Ordinary Shares, representing 0.15% of the issued share capital of the Company.

Notice is also given that Mr Drew will be resigning from the Intercede Board to pursue an expanded role with his current employer, ARM Holdings plc.

Chairman Richard Parris said, "Ian has been an exemplary NED on the Intercede Board and in a short time he has made a big impact on the Company. The Board thanks him for his dedication to growing the Intercede business. He has helped Intercede to create momentum in the mobile security ecosystem that will continue to accelerate through the coming year. I am also confident we will continue to consolidate a strong position within the ARM ecosystem."

Ian Drew said, "It has been a privilege to be a member of the Intercede Board for the last two years. Intercede is a rapidly rising star in the UK technology industry and is building a strategically important position on the international mobile and IOT cyber security stage. Unfortunately, new commitments at ARM make my role on the Intercede Board untenable."

Enquiries:

Intercede Group plc                                                                       Tel: [phone]

Richard Parris, Chairman & Chief Executive

Andrew Walker, Finance Director           

finnCap Ltd                                                                                         Tel: [phone]

Stuart Andrews, Corporate Finance

Joanna Weaving, Corporate Broking

Bell Pottinger                                                                                    Tel. [phone]

Archie Berens

About Intercede

Intercede is a software company specialising in identity and credential management with a global team of experts located in the US and UK.

Intercede's MyID software enables organisations to create and use trusted digital identities for employees, citizens and machines. This allows secure access to services, facilities, information and networks.

MyID meets the highest government standards yet is simple enough to be deployed onto consumer devices such as smart phones and tablets. Critically, MyID provides an easy, convenient and secure alternative to passwords.

Millions of identities are managed using MyID and Intercede has provided identity verification and management services to global customers for more than 20 years. MyID is a commercial off the shelf software product, designed and developed to be configurable so it can be embedded as the cornerstone of cyber security infrastructure for governments and corporations.

Customers trusting Intercede for secure digital identity include the US and UK governments and some of the world's largest corporations, telecommunications providers and information technology partners.

For more information visit www.intercede.com.

 

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