Transaction in Own Shares

RNS Number : 0324B
Intercede Group PLC
27 February 2014
 

Intercede Group plc

 

("Intercede" or the "Company")

 

Transaction in Own Shares

 

 

The Company announces that, in accordance with the terms of its general authority to make market purchases of its own shares granted to it by shareholders of the Company on 25 September 2013 and following the announcement by the Company on 13 January 2014, the Company on 26 February 2014 acquired 25,000 ordinary shares of 1 pence each in the capital of the Company (the "Ordinary Shares") (the "Purchase"). The Purchase was made in the market for cash at a price of 174.5 pence per Ordinary Share. Following the Purchase, the Ordinary Shares will be held in treasury.

 

The Company advises that, following the Purchase, the Company's issued share capital is 48,735,005 Ordinary Shares (including 136,475 Ordinary Shares held as treasury shares). Therefore the Company's total number of Ordinary Shares with voting rights is 48,598,530.

 

The above figure of 48,598,530 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 and Transparency Rules.

 

ENQUIRIES

 

Intercede Group plc

Tel.      +44 (0)1455 558111

Andrew Walker, Finance Director




FinnCap

Tel.      + 44 (0)20 7220 0500

Stuart Andrews, Corporate Finance


Joanna Weaving, Corporate Broking




 

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 about Intercede, please visit intercede.com.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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