TIDMIDEA

RNS Number : 1582M

Ideagen PLC

11 October 2016

11 October 2016

Ideagen plc

("Ideagen" or the "Company")

Exercise of Options and Total Voting Rights

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management Software to highly regulated industries, announces that it has issued and allotted 1,500,000 new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") following the exercise of share options by a Director and two PDMRs.

Application has been made to the London Stock Exchange for the 1,500,000 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 14(th) October 2016.

Director/PDMR dealings

Following the Exercise, and on the same day, the Director/PDMRs subsequently sold a total of 750,000 of these new Ordinary Shares, each at a price of 53 pence per Ordinary Share (the "Sale"), principally to fund the income tax and national insurance liabilities arising on the Exercise, as set out below.

 
     Name of Director/PDMR        New Ordinary           Number           New holding          New interest 
                                     Shares            of Ordinary         of Ordinary        as a percentage 
                                     issued              Shares              Shares               of the 
                                    pursuant          sold pursuant                              Company's 
                                     to the              to the                                   issued 
                                    Exercise              Sale                                 share capital 
     Graeme Spenceley                  500,000              250,000            312,720            0.17% 
===========================  =================  ===================  =================  ===================== 
     Barnaby Kent                      500,000              250,000          1,772,660            0.98% 
---------------------------  -----------------  -------------------  -----------------  --------------------- 
     Ben Dorks                         500,000              250,000          1,250,000            0.69% 
===========================  =================  ===================  =================  ===================== 
 
     Total                           1,500,000              750,000          3,335,380            1.84% 
===========================  =================  ===================  =================  ===================== 
 

Total voting rights

After Admission, the total number of Ordinary Shares in issue will be 181,504,428 and the total number of voting rights will therefore be 181,504,428. 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 contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 
     Enquiries: 
     Ideagen plc                             Tel: 01629 699100 
     David Hornsby, Chief Executive 
     Graeme Spenceley, Finance 
      Director 
 
     finnCap (Nominated Adviser              Tel: 020 7220 0500 
      and Broker) 
     Stuart Andrews / James Thompson 
      (Corporate Finance) 
     Stephen Norcross (Corporate 
      Broking) 
 
     Alma PR 
     Hilary Buchanan                         Tel: 07780 901979 
     Josh Royston                            Tel: 07515 805218 
 

About Ideagen plc

Ideagen is a UK company quoted on the London Stock Exchange AIM market (Ticker: IDEA.LN). Ideagen is a supplier of Information Management software with operations in the UK, the United States and the Middle East. The Company specialises in eGRC (Enterprise Governance, Risk and Compliance) and Healthcare solutions for organisations operating within highly regulated industries. With an excellent portfolio of software products, Ideagen is able to provide complete content lifecycle solutions that enable organisations to meet their Regulatory and Quality Compliance standards, helping them to reduce costs and improve efficiency.

The Group has a customer base of over 2,200 organisations using the Ideagen suite of products, including many blue chip names such as BAE Systems, Emirates, Shell and the European Central Bank as well as 150 hospitals in the UK and US.

For further information please visit www.ideagen.com

 
     1.       Details of the person discharging managerial 
               responsibilities / person closely associated 
-------  ------------------------------------------------------------------------- 
     a)       Name                                 Graeme Spenceley 
-------  -----------------------------------  ------------------------------------ 
     2.       Reason for the Notification 
-------  ------------------------------------------------------------------------- 
     a)       Position/status                      Finance Director 
-------  -----------------------------------  ------------------------------------ 
     b)       Initial notification/Amendment       Initial 
-------  -----------------------------------  ------------------------------------ 
 3.           Details of the issuer, emission allowance 
               market participant, auction platform, 
               auctioneer or auction monitor 
-------  ------------------------------------------------------------------------- 
     a)       Name                                 Ideagen Plc 
-------  -----------------------------------  ------------------------------------ 
     b)       LEI                                  N/A 
-------  -----------------------------------  ------------------------------------ 
 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                       Options over Ordinary Shares 
               the Financial                        of 1 penny each in the capital 
               instrument, type                     of Ideagen plc 
               of instrument 
------- 
              Identification                       GB00B0CM0C5 
               code 
-------  -----------------------------------  ------------------------------------ 
     b)       Nature of the                        Exercise of Options and Sale 
               transaction                          of Ordinary Shares 
-------  -----------------------------------  ------------------------------------ 
     c)       Price(s) and                              Price(s)       Volume(s) 
               volume(s)                            -------------  -------------- 
                                                         53p            250,000 
                                                    -------------  -------------- 
-------  -----------------------------------  ------------------------------------ 
     d)       Aggregated information:              Exercise of 500,000 ordinary 
                *    Aggregated volume              shares of 1 pence each and 
                                                    subsequent sale of 250,000 
                                                    ordinary shares at 53 pence 
                *    Price                          per ordinary share 
-------  -----------------------------------  ------------------------------------ 
     e)       Date of the transaction              10 October 2015 
-------  -----------------------------------  ------------------------------------ 
     f)       Place of the                         London Stock Exchange, AIM 
               transaction                          Market (XLON) 
-------  -----------------------------------  ------------------------------------ 
 
 
     5.       Details of the person discharging managerial 
               responsibilities / person closely associated 
-------  ------------------------------------------------------------------------- 
     a)       Name                                 Barnaby Kent 
-------  -----------------------------------  ------------------------------------ 
     6.       Reason for the Notification 
-------  ------------------------------------------------------------------------- 
     a)       Position/status                      Chief Operating Officer 
-------  -----------------------------------  ------------------------------------ 
     b)       Initial notification/Amendment       Initial 
-------  -----------------------------------  ------------------------------------ 
 7.           Details of the issuer, emission allowance 
               market participant, auction platform, 
               auctioneer or auction monitor 
-------  ------------------------------------------------------------------------- 
     a)       Name                                 Ideagen Plc 
-------  -----------------------------------  ------------------------------------ 
     b)       LEI                                  N/A 
-------  -----------------------------------  ------------------------------------ 
 8.           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                       Options over Ordinary Shares 
               the Financial                        of 1 penny each in the capital 
               instrument, type                     of Ideagen plc 
               of instrument 
------- 
              Identification                       GB00B0CM0C5 
               code 
-------  -----------------------------------  ------------------------------------ 
     b)       Nature of the                        Exercise of Options and Sale 
               transaction                          of Ordinary Shares 
-------  -----------------------------------  ------------------------------------ 
     c)       Price(s) and                              Price(s)       Volume(s) 
               volume(s)                            -------------  -------------- 
                                                         53p            250,000 
                                                    -------------  -------------- 
-------  -----------------------------------  ------------------------------------ 
     d)       Aggregated information:              Exercise of 500,000 ordinary 
                *    Aggregated volume              shares of 1 pence each and 
                                                    subsequent sale of 250,000 
                                                    ordinary shares at 53 pence 
                *    Price                          per ordinary share 
-------  -----------------------------------  ------------------------------------ 
     e)       Date of the transaction              10 October 2015 
-------  -----------------------------------  ------------------------------------ 
     f)       Place of the                         London Stock Exchange, AIM 
               transaction                          Market (XLON) 
-------  -----------------------------------  ------------------------------------ 
 
 
     9.        Details of the person discharging managerial 
                responsibilities / person closely associated 
--------  ------------------------------------------------------------------------- 
     a)        Name                                 Ben Dorks 
--------  -----------------------------------  ------------------------------------ 
     10.       Reason for the Notification 
--------  ------------------------------------------------------------------------- 
     a)        Position/status                      Chief Customer Officer 
--------  -----------------------------------  ------------------------------------ 
     b)        Initial notification/Amendment       Initial 
--------  -----------------------------------  ------------------------------------ 
 11.           Details of the issuer, emission allowance 
                market participant, auction platform, 
                auctioneer or auction monitor 
--------  ------------------------------------------------------------------------- 
     a)        Name                                 Ideagen Plc 
--------  -----------------------------------  ------------------------------------ 
     b)        LEI                                  N/A 
--------  -----------------------------------  ------------------------------------ 
 12.           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                       Options over Ordinary Shares 
                the Financial                        of 1 penny each in the capital 
                instrument, type                     of Ideagen plc 
                of instrument 
-------- 
               Identification                       GB00B0CM0C5 
                code 
--------  -----------------------------------  ------------------------------------ 
     b)        Nature of the                        Exercise of Options and Sale 
                transaction                          of Ordinary Shares 
--------  -----------------------------------  ------------------------------------ 
     c)        Price(s) and                              Price(s)       Volume(s) 
                volume(s)                            -------------  -------------- 
                                                          53p            250,000 
                                                     -------------  -------------- 
--------  -----------------------------------  ------------------------------------ 
     d)        Aggregated information:              Exercise of 500,000 ordinary 
                 *    Aggregated volume              shares of 1 pence each and 
                                                     subsequent sale of 250,000 
                                                     ordinary shares at 53 pence 
                 *    Price                          per ordinary share 
--------  -----------------------------------  ------------------------------------ 
     e)        Date of the transaction              10 October 2015 
--------  -----------------------------------  ------------------------------------ 
     f)        Place of the                         London Stock Exchange, AIM 
                transaction                          Market (XLON) 
--------  -----------------------------------  ------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 11, 2016 02:00 ET (06:00 GMT)

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