TIDMIDEA
RNS Number : 4948K
Ideagen PLC
11 April 2018
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
11 April 2018
Ideagen PLC
("Ideagen" or the "Group")
Directors' dealings
Ideagen PLC (AIM: IDEA), a leading supplier of Information
Management software to highly regulated industries, announces
dealings by certain directors in Ideagen's ordinary shares of 1p
each ("Ordinary Shares").
Graeme Spenceley, Barnaby Kent and Ben Dorks, executive
directors (the "Exercising Directors"), have each exercised 600,000
options over Ordinary Shares (the "Options"). Each subsequently
sold 300,000 Ordinary Shares at a price of 109 pence per Ordinary
Share to cover the costs and tax arising on the exercise. These
Options were awarded pursuant to the Group's 2017 long-term
incentive plan ("2017 LTIP") and the Board (excluding the
Exercising Directors) used their discretion under the 2017 LTIP to
allow the early exercise of the Options and associated sale.
Each of the Exercising Directors has undertaken to the Board
that they will not, without the permission of the Board (excluding
each of the Exercising Directors), sell any of the remaining
300,000 Ordinary Shares issued to each of them pursuant to this
exercise before the fourth anniversary of issue on 23 March 2021
when they would otherwise have been entitled to do so in accordance
with the 2017 LTIP.
Furthermore, Jonathan Wearing, non-executive chairman, and each
of the Exercising Directors, sold a further number of Ordinary
Shares previously held by them at a price of 109 pence per Ordinary
Share, as set out in the below table.
Director Prior Issue Sale of Resultant Resultant
holding of Ordinary Ordinary holding holding
shares Shares of Ordinary as %age
pursuant (total) Shares of enlarged
to exercise Ordinary
of Options Share
capital
------------------ ---------- ------------- ---------- ------------- -------------
Graeme Spenceley 627,040 600,000 400,000 827,040 0.4%
------------------ ---------- ------------- ---------- ------------- -------------
Barnaby
Kent 1,776,980 600,000 400,000 1,976,980 1.0%
------------------ ---------- ------------- ---------- ------------- -------------
Ben Dorks 1,499,320 600,000 400,000 1,699,320 0.8%
------------------ ---------- ------------- ---------- ------------- -------------
Jonathan
Wearing 4,339,066 - 150,000 4,189,066 2.1%
------------------ ---------- ------------- ---------- ------------- -------------
Ideagen has also issued a further 600,000 Ordinary Shares to
employees pursuant to exercises of Share Options. All of the above
dealings (being the exercises of Share Options and the sales of
Ordinary Shares) occurred on 10 April 2018.
Application has been made for the total of 2,400,000 new
Ordinary Shares issued pursuant to the above exercises of Share
Options, 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 or around 16 April 2018.
Following Admission, the total issued share capital of the
Company will consist of 202,650,090 Ordinary Shares. This number
may be used by shareholders as the denominated for the calculations
by which they will determine if they are required to notify their
interest, or a change to their interest in, the Company under the
FCA's Disclosure and Transparency Rules.
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 can 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 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: Chief Financial 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 Ordinary shares of
instrument, type of instrument: 1 pence each
Identification code: GB00B0CM0C50
--- --------------------------------- -------------------------
b) Nature of the transaction: Exercise of options
--- --------------------------------- -------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---------- ----------
1 pence 600,000
---------- ----------
--- --------------------------------- -------------------------
d) Aggregated information: N/A
* Aggregated volume:
* Price:
--- --------------------------------- -------------------------
e) Date of the transaction: 10 April 2018
--- --------------------------------- -------------------------
f) Place of the transaction: Off market transaction
--- --------------------------------- -------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------
a) Name: Graeme Spenceley
--- --------------------------------- --------------------------
2. Reason for the notification
--- -------------------------------------------------------------
a) Position/status: Chief Financial 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 Ordinary shares of
instrument, type of instrument: 1 pence each
Identification code: GB00B0CM0C50
--- --------------------------------- --------------------------
b) Nature of the transaction: Sale of Ordinary Shares
--- --------------------------------- --------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
----------- ----------
109 pence 400,000
----------- ----------
--- --------------------------------- --------------------------
d) Aggregated information: N/A
* Aggregated volume:
* Price:
--- --------------------------------- --------------------------
e) Date of the transaction: 10 April 2018
--- --------------------------------- --------------------------
f) Place of the transaction: On market transaction
--- --------------------------------- --------------------------
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 Ordinary shares of
instrument, type of instrument: 1 pence each
Identification code: GB00B0CM0C50
--- --------------------------------- -------------------------
b) Nature of the transaction: Exercise of options
--- --------------------------------- -------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---------- ----------
1 pence 600,000
---------- ----------
--- --------------------------------- -------------------------
d) Aggregated information: N/A
* Aggregated volume:
* Price:
--- --------------------------------- -------------------------
e) Date of the transaction: 10 April 2018
--- --------------------------------- -------------------------
f) Place of the transaction: Off market transaction
--- --------------------------------- -------------------------
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 Ordinary shares of
instrument, type of instrument: 1 pence each
Identification code: GB00B0CM0C50
--- --------------------------------- --------------------------
b) Nature of the transaction: Sale of Ordinary Shares
--- --------------------------------- --------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
----------- ----------
109 pence 400,000
----------- ----------
--- --------------------------------- --------------------------
d) Aggregated information: N/A
* Aggregated volume:
* Price:
--- --------------------------------- --------------------------
e) Date of the transaction: 10 April 2018
--- --------------------------------- --------------------------
f) Place of the transaction: On market transaction
--- --------------------------------- --------------------------
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: 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 Ordinary shares of
instrument, type of instrument: 1 pence each
Identification code: GB00B0CM0C50
--- --------------------------------- -------------------------
b) Nature of the transaction: Exercise of options
--- --------------------------------- -------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---------- ----------
1 pence 600,000
---------- ----------
--- --------------------------------- -------------------------
d) Aggregated information: N/A
* Aggregated volume:
* Price:
--- --------------------------------- -------------------------
e) Date of the transaction: 10 April 2018
--- --------------------------------- -------------------------
f) Place of the transaction: Off market transaction
--- --------------------------------- -------------------------
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: 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 Ordinary shares of
instrument, type of instrument: 1 pence each
Identification code: GB00B0CM0C50
--- --------------------------------- --------------------------
b) Nature of the transaction: Sale of Ordinary Shares
--- --------------------------------- --------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
----------- ----------
109 pence 400,000
----------- ----------
--- --------------------------------- --------------------------
d) Aggregated information: N/A
* Aggregated volume:
* Price:
--- --------------------------------- --------------------------
e) Date of the transaction: 10 April 2018
--- --------------------------------- --------------------------
f) Place of the transaction: On market transaction
--- --------------------------------- --------------------------
5. Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------------
a) Name: Jonathan Wearing
--- --------------------------------- --------------------------
6. Reason for the notification
--- -------------------------------------------------------------
a) Position/status: Non-Executive Chairman
--- --------------------------------- --------------------------
b) Initial notification/Amendment: Initial notification
--- --------------------------------- --------------------------
7. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------
a) Name: Ideagen plc
--- --------------------------------- --------------------------
b) LEI: 213800KS1MLITOVNYC85
--- --------------------------------- --------------------------
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 the financial Ordinary shares of
instrument, type of instrument: 1 pence each
Identification code: GB00B0CM0C50
--- --------------------------------- --------------------------
b) Nature of the transaction: Sale of Ordinary Shares
--- --------------------------------- --------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
----------- ----------
109 pence 150,000
----------- ----------
--- --------------------------------- --------------------------
d) Aggregated information: N/A
* Aggregated volume:
* Price:
--- --------------------------------- --------------------------
e) Date of the transaction: 10 April 2018
--- --------------------------------- --------------------------
f) Place of the transaction: On market transaction
--- --------------------------------- --------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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