13th Nov 2020 15:51
13 November 2020
Ideagen PLC
("Ideagen," the "Company" or the "Group'')
PDMR dealing, 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 received notification for the exercise of options, including by directors of the Company and a number of other Persons Discharging Managerial Responsibilities ("PDMR"), over 2,125,000 ordinary shares of 1 penny each ("Ordinary Shares") which are being satisfied by the issue of 2,125,000 new Ordinary Shares. Subsequently, some of the new Ordinary Shares were sold to cover the taxes associated with the exercise of these options. The options exercised relate to the Company's LTIPs and other option schemes. The Board (other than those exercising options) used its discretion under the rules of the LTIP share option schemes to allow the early exercise of the options. However, other than the sales of shares to cover the taxes, the rules of the LTIP share option schemes require that the remaining shares issued pursuant to this exercise cannot be sold before the fourth anniversary of the original option grant date.
Details of all PDMR dealings are included in the below table.
PDMR | Position | Dealing | Number of options exercised | Exercise price/sale price |
Ben Dorks | Chief Executive Officer | Options exercise | 600,000 | 1p |
Sale of shares | 300,000 | 220p | ||
Graeme Spenceley | Company Secretary | Options exercise | 187,500 | 1p |
Sale of shares | 93,750 1,100,000 | 220p 220p | ||
Barnaby Kent | Chief Operating Officer | Options exercise | 375,000 | 1p |
Sale of shares | 187,500 | 220p | ||
Emma Hayes | Chief Financial Officer | Options exercise | 187,500 | 1p |
Sale of shares | 93,750 | 220p | ||
Ian Hepworth | Chief Technology Officer | Options exercise | 250,000 | 1p |
Sale of shares | 125,000 | 220p | ||
Paul Marshall | Chief Customer Officer | Options exercise | 250,000 150,000 | 1p 112p |
Sale of shares | 240,000 | 220p | ||
Alex Hewitt | Chief Legal Officer | Options exercise | 25,000 | 141p |
Sale of shares | 25,000 | 220p |
Following the above transactions, Ben Dorks holds 2,651,888 Ordinary Shares (representing 1.16% of the Company's issued Ordinary Shares) and Emma Hayes holds 93,750 Ordinary Shares (representing 0.04% of the Company's issued Ordinary Shares). The Company has 3,179,500 options in issue.
Application has been made to the London Stock Exchange for the 2,125,000 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 or around 19th November 2020.
After Admission, the total number of Ordinary Shares in issue will be 229,043,008 and the total number of voting rights will therefore be 229,043,008. 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.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Enquiries:
Ideagen plc | 01629 699 100 |
David Hornsby, Executive Chairman | |
Ben Dorks, Chief Executive Officer | |
Emma Hayes, Chief Financial Officer
| |
finnCap Limited | 020 7220 0500 |
Henrik Persson/James Thompson/Kate Washington (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).
A global supplier of regulatory and compliance solutions, Ideagen provides a common software platform and an integrated risk-based approach to meet multi-industry standards, enabling compliance with relevant laws, policies, and regulations.
The Group provides software and services to organisations operating within highly regulated industries such as life sciences, healthcare, banking and finance, insurance, aviation, and aerospace and defence, with its main operational premises spread throughout the UK, EU, US, Middle East and SE Asia.
Currently, more than 5,700 organisations use Ideagen's products including eight 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 250 hospitals across the UK and US amongst its client base. For further information please visit www.ideagen.com .
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 and PDMR | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s)
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d) | Aggregated information: · Aggregated volume · Price | Sale of 300,000 ordinary shares at 220 pence per share | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | AIM | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Graeme Spenceley | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Company Secretary and PDMR | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s)
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| ||||
d) | Aggregated information: · Aggregated volume · Price | Sale of 1,193,750 ordinary shares at 220 pence per share. | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | AIM | ||||
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 and PDMR | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information: · Aggregated volume · Price | Sale of 187,500 ordinary shares at 220 pence per share. | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | AIM | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Emma Hayes | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Financial Officer and PDMR | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information: · Aggregated volume · Price | Sale of 93,750 ordinary shares at 220 pence per share. | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | AIM | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Ian Hepworth | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Technology Officer and PDMR | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s)
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| ||||
d) | Aggregated information: · Aggregated volume · Price | Sale of 125,000 ordinary shares at 220 pence per share. | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | AIM | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Paul Marshall | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Customer Officer and PDMR | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s)
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d) | Aggregated information: · Aggregated volume · Price | Sale of 240,000 ordinary shares at 220 pence per share. | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | AIM | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Alex Hewitt | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Legal Officer and PDMR | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s)
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| ||||
d) | Aggregated information: · Aggregated volume · Price | Sale of 25,000 ordinary shares at 220 pence per share. | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | AIM | ||||
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 and PDMR | ||||
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 | Exercise of options | ||||
c) | Price(s) and volume(s)
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d) | Aggregated information: · Aggregated volume · Price | Exercise of 600,000 ordinary shares at 1 penny per share | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | AIM | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Graeme Spenceley | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Company Secretary and PDMR | ||||
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 | Exercise of options | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information: · Aggregated volume · Price | Exercise of 187,500 ordinary shares at 1 penny per share | ||||
e) | Date of the transaction | 12 November 2020 | ||||
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 and PDMR | ||||
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 | Exercise of options | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information: · Aggregated volume · Price | Exercise of 375,000 ordinary shares at 1 penny per share | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | Off market transaction | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Emma Hayes | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Financial Officer and PDMR | ||||
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 | Exercise of options | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information: · Aggregated volume · Price | Exercise of 187,500 ordinary shares at 1 penny per share | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | Off market transaction | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Ian Hepworth | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Technology Officer and PDMR | ||||
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 | Exercise of options | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information: · Aggregated volume · Price | Exercise of 250,000 ordinary shares at 1 penny per share | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | Off market transaction | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Paul Marshall | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Customer Officer and PDMR | ||||
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 | Exercise of options | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information: · Aggregated volume · Price | Exercise of 250,000 ordinary shares at 1 penny per share Exercise of 150,000 ordinary shares at 112 pence | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | Off market transaction | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Alex Hewitt | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Legal Officer and PDMR | ||||
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 | Exercise of options | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information: · Aggregated volume · Price | Exercise of 25,000 ordinary shares at 141 pence per share | ||||
e) | Date of the transaction | 12 November 2020 | ||||
f) | Place of the transaction | Off market transaction | ||||
Related Shares:
IDEA.L