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Ideagen PLC (IDEA)

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Tuesday 17 September, 2019

Ideagen PLC

Director Dealing and Total Voting Rights

RNS Number : 5185M
Ideagen PLC
17 September 2019
 

Ideagen PLC

("Ideagen," "the Company" or the "Group'')

Director Dealing and Total Voting Rights

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management Software to highly regulated industries, announces that Ben Dorks, Chief Executive Officer of the Company, has exercised 1,000,000 share options with an exercise price of 22.38 pence each over the ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares" and the "Exercise") and subsequently sold 650,000 Ordinary Shares at a price of 147.50 pence per Ordinary Share (the "Sale").

Following the Exercise and Sale, Mr. Dorks' beneficial interest in Ordinary Shares of the Company has increased by 350,000 to 2,350,533 Ordinary Shares representing 1.06% of the total voting rights of the Company.

Application has been made to the London Stock Exchange for the 1,000,000 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 23 September 2019.

After Admission, the total number of Ordinary Shares in issue will be 220,818,344 and the total number of voting rights will therefore be 220,818,344. This figure 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014 

Enquiries:

Ideagen plc

01629 699100

David Hornsby, Executive Chairman


Ben Dorks, Chief Executive


Graeme Spenceley, Finance Director




finnCap Limited

020 7220 0500

Henrik Persson/James Thompson (Nomad)


Alice Lane (ECM)


Canaccord Genuity

020 7523 8000

Simon Bridges


Richard Andrews


 About Ideagen plc

Ideagen is a UK-headquartered, global technology company quoted on the London Stock Exchange AIM market (Ticker: IDEA.L).

The Group provides IRM software and services to organisations operating within highly regulated industries such as aviation, banking and finance and life science, with its main operational premises spread throughout the UK, EU, US, Middle East and SE Asia.

With an excellent portfolio of software products including Q-Pulse, Coruson, Pentana Audit and PleaseReview, Ideagen helps its clients reduce costs, improve operational efficiency, strengthen compliance and oversight and anticipate and manage every detail of risk.

Currently, more than 4,700 organisations use Ideagen's products including seven of the top 10 UK accounting firms, all of the top aerospace and defence companies and 75% of the world's leading pharmaceutical firms.

Ideagen's diverse and varied customer base includes many well-known, global brands such as British Airways, Aggreko, BAE, Ryanair, US Navy, KLM, BBVA, Bank of New York, Commerzbank, Meggitt, Heineken, Johnson Matthey, Haeco Group and European Central Bank. As well as this, Ideagen counts 180 hospitals across the UK and US amongst its client base.

For further information please visit www.ideagen.com

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ben Dorks

2.            

Reason for the Notification

a)

Position/status

Chief Executive

b)

Initial notification/Amendment

Initial notification

3.    

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

a)

Name

Ideagen plc

b)

LEI

213800KS1MLITOVNYC85

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 1p each

Identification code

GB00B0CM0C50

b)

Nature of the transaction

Exercise of Options over Ordinary Shares

c)

Price(s) and volume(s)

-




d)

Aggregated information:

·      Aggregated volume

·      Price

 

1,000,000 options over ordinary shares of 1p each exercised

e)

Date of the transaction

16 September 2019

f)

Place of the transaction

London Stock Exchange AIM market (XLON)

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ben Dorks

2.            

Reason for the Notification

a)

Position/status

Chief Executive

b)

Initial notification/Amendment

Initial notification

3.    

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

a)

Name

Ideagen plc

b)

LEI

213800KS1MLITOVNYC85

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 1p each

Identification code

GB00B0CM0C50

b)

Nature of the transaction

Sale of Ordinary Shares

c)

Price(s) and volume(s)



Price(s)

Volume(s)



147.5p

650,000

d)

Aggregated information:

·      Aggregated volume

·      Price

 

650,000 ordinary shares of 1p each sold at 147.5p per ordinary share

e)

Date of the transaction

16 September 2019

f)

Place of the transaction

London Stock Exchange AIM market (XLON)

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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