Share Award

RNS Number : 7833C
Intercede Group PLC
12 February 2020
 

12 February 2020

Intercede Group plc

 

("Intercede" or the "Company")

 

Share Award

 

On 11 February 2020, a free unit award equivalent to 100,000 ordinary shares of 1 pence each in the capital of the Company ("Free Units") was granted and agreed with Rob Chandhok. The Free Units will vest subject to the price of an Ordinary Share reaching 81p, calculated as an average over a period of 30 consecutive trading days ending 12 June 2022, being three years from the date Rob was appointed as a Non-Executive Director of Intercede.

 

The award was made under the existing Intercede MyID Inc. Unit Incentive Plan, further details of which are set out in note 17 of the Intercede Group plc 2019 Annual Report & Accounts.

 

 

 

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

Corporate Finance

Simon Hicks

Corporate Finance



 

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 organizations 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 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

 

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

1.           

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rob Chandhok - Non-Executive Director

2.           

Reason for the Notification

a)

Position/status

See 1(a) above

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

b)

LEI

213800VFMNCYCDQ65C90

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 1 pence

Identification code

GB0003287249

b)

Nature of the transactions

Grant of Options

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

100,000

d)

Aggregated information:

·      Aggregated volumes

·      Prices

Grant of 100,000 free units, which will vest and become exercisable on 12 June 2022, given the specific performance criteria is met

 

e)

Date of the transaction

See 4(c) above

f)

Place of the transaction

Outside of trading venue

 

 


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