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Ideagen PLC (IDEA)

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Tuesday 01 October, 2019

Ideagen PLC

Exercise of Options, Issue of Shares and TVR

RNS Number : 2323O
Ideagen PLC
01 October 2019
 

Ideagen PLC

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

Exercise of Options, issue of shares and Total Voting Rights

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management Software to highly regulated industries, announces the allotment of 225,000 new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") following the exercise of 225,000 options by an employee and the allotment of 316,025 new Ordinary shares following the annual award of shares to eligible employees (the "Free Shares") under the Company's Share Incentive Plan ("SIP").

Under the terms of the SIP, the Company makes an annual award of Free Shares to all eligible employees subject to the achievement of a profit target set by the Board for a particular year. The profit target was achieved in respect of the year ended 30 April 2019 and the Company has agreed to award new Ordinary Shares to the value of £2,000 to all eligible employees based on the closing mid-market price on 6 September 2019 (the "Award"). In order to obtain the full tax benefits of the SIP, members of staff will need to remain as employees of the Group for 5 years from the date of the Award.

Accordingly, the Company has allotted a total of 316,025 Ordinary Shares to be held in trust for the benefit of employees.

As part of the Award, 1,342 new Ordinary Shares were allotted to each of the executive directors of the Company; David Hornsby, Ben Dorks, Graeme Spenceley and Barnaby Kent, who now have the following interests in the share capital of the company.

Executive Director

Previous shareholding

New shareholding

% of enlarged issued share capital held

David Hornsby

8,650,066

8,651,408

3.9%

Ben Dorks

2,350,533

2,351,875

1.1%

Graeme Spenceley

828,253

829,595

0.4%

Barnaby Kent

2,278,193

2,279,535

1.0%

Application has been made for the total of 541,025 new Ordinary Shares issued pursuant to the above allotments, which will rank pari passu with existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence at 8:00am on 4 October 2019.

On Admission, the total number of Ordinary Shares in issue will be 221,359,369 and the total number of voting rights will therefore be 221,359,369. 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.

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

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

1.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Hornsby

2.            

Reason for the Notification

a)

Position/status

Executive Chairman

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

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

149p

 1,342

d)

Aggregated information:

·      Aggregated volume

·      Price

 

1,342 ordinary shares of 1p each awarded at 149p per share

e)

Date of the transaction

30 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

Graeme Spenceley

2.            

Reason for the Notification

a)

Position/status

CFO

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

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

149p

 1,342

d)

Aggregated information:

·      Aggregated volume

·      Price

1,342 ordinary shares of 1p each awarded at 149p per share

e)

Date of the transaction

30 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

CEO

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

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

149p

 1,342

d)

Aggregated information:

·      Aggregated volume

·      Price

1,342 ordinary shares of 1p each awarded at 149p per share

e)

Date of the transaction

30 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

Barnaby Kent

2.            

Reason for the Notification

a)

Position/status

Chief Operating Officer

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

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

149p

 1,342

d)

Aggregated information:

·      Aggregated volume

·      Price

 

1,342 ordinary shares of 1p each awarded at 149p per share

e)

Date of the transaction

30 September 2019

f)

Place of the transaction

London Stock Exchange AIM market (XLON)

 


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