Director/PDMR Shareholding and Issue of Equity

RNS Number : 0268V
Intercede Group PLC
08 December 2021




8 December 2021



('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 8 December 2021 it received a notification of exercise from Andrew Walker, Finance Director, in relation to 500,000 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 Walker sold 300,000 Ordinary Shares at a price of 78.0 pence per Ordinary Share on 8 December 2021 in order to cover the cost of the Exercise. Following the Exercise and the sale of shares, Mr Walker has an increased shareholding of 1,817,337 Ordinary Shares in the Company, representing approximately 3.15% of the Company's issued share capital. He no longer has any share options in the Company.


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 500,000 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 15 December 2021.


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 57,743,357 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 57,611,712. Accordingly, the figure of 57,611,712 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 1,400,000 Ordinary Shares, representing 2.42% of the Company's issued share capital.




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/Simon Hicks, 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 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:




Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them



Details of the person discharging managerial responsibilities / person closely associated



Andrew Walker


Reason for the Notification



Finance Director


Initial notification/Amendment

Initial notification


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



Intercede Group plc





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


Description of the Financial instrument, type of instrument

Options over Ordinary Shares of 1 pence

Identification code



Nature of the transactions

- Exercise of Options held under the Company's Enterprise Management Incentive Plan

- Sale of Ordinary Shares


Price(s) and volume(s)












Aggregated information:

· Aggregated volumes

· Prices

See 4(c) above


Date of the transaction

8 December 2021


Place of the transaction

Exercise: outside of a trading venue

Sale: London Stock Exchange, AIM Market (XLON)


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