5 Oct 2018 07:00
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Ideagen PLC
("Ideagen," "the Company" 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 152 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 and the Board (excluding the Exercising Directors) used their discretion under the 2017 Long Term Incentive Plan to allow the early exercise of the Options and associated sale.
Each of the Exercising Directors have 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 Long Term Incentive Plan.
Furthermore, Graeme Spenceley, sold a further 300,000 Ordinary Shares previously held by him at a price of 152 pence per Ordinary Share, as set out in the below table.
Director | Prior holding | Issue of Ordinary shares pursuant to exercise of Options | Sale of Ordinary Shares (total) | Resultant holding of Ordinary Shares | Resultant holding as %age of enlarged Ordinary Share capital |
Graeme Spenceley | 827,040 | 600,000 | 600,000 | 827,040 | 0.4% |
Barnaby Kent | 1,976,980 | 600,000 | 300,000 | 2,276,980 | 1.0% |
Ben Dorks | 1,699,320 | 600,000 | 300,000 | 1,999,320 | 0.9% |
Application has been made for the total of 1,800,000 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 10 October 2018.
Following Admission, the total issued share capital of the Company will consist of 218,924,518 Ordinary Shares. This number may be used by shareholders as the denominator 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, Executive Chairman Ben Dorks, Chief Executive Officer | |
Graeme Spenceley, Finance Director | |
finnCap Limited | 020 7220 0500 |
Stuart Andrews/Henrik Persson/James Thompson (Nomad) | |
Alice Lane (ECM) | |
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 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, Pentana Performance 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 3,700 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.
| 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 instrument, type of instrument: Identification code: | Ordinary shares of 1 pence each
GB00B0CM0C50 | ||||
b) | Nature of the transaction: | Exercise of options | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 4 October 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 instrument, type of instrument: Identification code: | Ordinary shares of 1 pence each
GB00B0CM0C50 | ||||
b) | Nature of the transaction: | Sale of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 4 October 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 instrument, type of instrument: Identification code: | Ordinary shares of 1 pence each
GB00B0CM0C50 | ||||
b) | Nature of the transaction: | Exercise of options | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 4 October 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 instrument, type of instrument: Identification code: | Ordinary shares of 1 pence each
GB00B0CM0C50 | ||||
b) | Nature of the transaction: | Sale of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 4 October 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 Executive 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: Identification code: | Ordinary shares of 1 pence each
GB00B0CM0C50 | ||||
b) | Nature of the transaction: | Exercise of options | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 4 October 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 Executive 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: Identification code: | Ordinary shares of 1 pence each
GB00B0CM0C50 | ||||
b) | Nature of the transaction: | Sale of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 4 October 2018 | ||||
f) | Place of the transaction: | On market transaction | ||||