TIDMIDEA
RNS Number : 6317P
Ideagen PLC
01 September 2017
Ideagen PLC
("Ideagen," "the Company" or the "Group")
Issue of shares under a Share Incentive Plan and Total Voting
Rights
Ideagen PLC (AIM: IDEA), a leading supplier of Information
Management Software to highly regulated industries, announces that
it has established a Share Incentive Plan ("SIP") for all eligible
employees which complies with HMRC requirements.
Under the terms of the SIP, the Company makes an annual award of
new ordinary shares of 1 penny each in the capital of the Company
("Ordinary Shares") to all 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 2017 and
the Company has agreed to award new Ordinary Shares to the value of
GBP2,000 to all eligible employees based on the closing mid-market
price on 31 August 2017 (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 share
award.
Accordingly the Company has allotted 550,639 Ordinary Shares to
be held in trust for the benefit of employees.
Application has been made to the London Stock Exchange for the
550,639 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 7 September
2017.
After Admission, the total number of Ordinary Shares in issue
will be 198,751,414 and the total number of voting rights will
therefore be 198,751,414. 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.
As part of the Award, 2,197 new Ordinary Shares were allotted to
each of the executive directors of the Company; David Hornsby,
Graeme Spenceley, Barney Kent and Ben Dorks, who now have the
following interests in the share capital of the company.
Executive Previous shareholding New shareholding % of issued
Director share capital
held
------------------ ---------------------- ----------------- ---------------
David Hornsby 8,644,533 8,646,730 4.35%
------------------ ---------------------- ----------------- ---------------
Graeme Spenceley 622,720 624,917 0.31%
------------------ ---------------------- ----------------- ---------------
Barney Kent 1,772,660 1,774,857 0.89%
------------------ ---------------------- ----------------- ---------------
Ben Dorks 1,495,000 1,497,197 0.75%
------------------ ---------------------- ----------------- ---------------
As part of the SIP arrangements, employees will also be able to
subscribe for additional new Ordinary Shares ("Partnership Shares")
either on a monthly or lump sum basis at the prevailing market
price up to a maximum of GBP1,800 per year. These shares will also
attract tax benefits if held for the appropriate period. Each of
the executive directors of Ideagen, David Hornsby, Graeme
Spenceley, Barney Kent and Ben Dorks intend to purchase GBP1,800 of
Partnership Shares through the September 2017 payroll at the
prevailing market price at that time and their updated interests in
the shares of the Company will be notified once these transactions
have been completed.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
Enquiries:
Ideagen plc 01629 699100
David Hornsby, Chief Executive
Graeme Spenceley, Finance
Director
finnCap Limited 020 7220 0500
Stuart Andrews/Henrik
Persson/James Thompson
(Nomad)
Stephen Norcross (Corporate
Broking)
About Ideagen plc
Ideagen is a UK company quoted on the London Stock Exchange AIM
market (Ticker: IDEA.L).
Ideagen is a supplier of Information Management software with
operations in the UK, the United States and the Middle East. The
Company specialises in GRC (Governance, Risk and Compliance) and
Content and Clinical solutions with a primary focus on
organisations operating within highly regulated industries. With an
excellent portfolio of software products, Ideagen is able to
provide complete information lifecycle solutions that enable
organisations to reduce risk, meet their regulatory and compliance
standards, helping them to reduce costs and improve efficiency.
The Group has a customer base of over 3,000 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
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 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 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 the Financial instrument, type of Ordinary Shares of 1p each
instrument
Identification code GB00B0CM0C50
b) Nature of the transaction Award of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
91p 2,197
d) Aggregated information: 2,197 ordinary shares of 1p each awarded at 91p per
-- Aggregated volume share
-- Price
e) Date of the transaction 1 September 2017
f) Place of the transaction Outside a trading venue
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 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 the Financial instrument, type of Ordinary Shares of 1p each
instrument
Identification code GB00B0CM0C50
b) Nature of the transaction Award of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
91p 2,197
d) Aggregated information: 2,197 ordinary shares of 1p each awarded at 91p per
-- Aggregated volume share
-- Price
e) Date of the transaction 1 September 2017
f) Place of the transaction Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Ben Dorks
2. Reason for the Notification
a) Position/status Chief Customer 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 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 the Financial instrument, type of Ordinary Shares of 1p each
instrument
Identification code GB00B0CM0C50
b) Nature of the transaction Award of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
91p 2,197
d) Aggregated information: 2,197 ordinary shares of 1p each awarded at 91p per
-- Aggregated volume share
-- Price
e) Date of the transaction 1 September 2017
f) Place of the transaction Outside a trading venue
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 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 the Financial instrument, type of Ordinary Shares of 1p each
instrument
Identification code GB00B0CM0C50
b) Nature of the transaction Award of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
91p 2,197
d) Aggregated information: 2,197 ordinary shares of 1p each awarded at 91p per
-- Aggregated volume share
-- Price
e) Date of the transaction 1 September 2017
f) Place of the transaction Outside a trading venue
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCZFLFBDKFBBBL
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September 01, 2017 10:06 ET (14:06 GMT)
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