TIDMIDEA
RNS Number : 6223R
Ideagen PLC
01 July 2020
July 1(st) 2020
Ideagen PLC
("Ideagen" "the Company" or "the Group")
Board Change
Ideagen PLC (AIM: IDEA), a leading supplier of integrated risk
management software to highly regulated industries, is pleased to
confirm that Emma Hayes has today joined the Group as Chief
Financial Officer, succeeding Graeme Spenceley, as announced on
7(th) January 2020.
Graeme has retired as a Director but will remain with the Group
as Company Secretary and financial advisor to the Board. This role
will be on a full-time basis until 31 October 2020 which will
provide for a full and effective handover to Emma, and thereafter
he will continue in that capacity on a part-time basis.
Emma was previously Group Finance Director, Capital Delivery and
Commercial, at Severn Trent PLC having held the position since
2017. In this role she controlled a P&L and Balance Sheet of
approximately GBP600m and was responsible for driving operational
efficiencies through her 100-strong team. Before that Emma spent 10
years with Deloitte LLP as a Corporate Finance Director where she
led origination and execution of a wide range of M&A
transactions. Emma qualified as a Chartered Accountant (ACA) with
BDO.
Graeme Spenceley was previously awarded 750,000 share options
under the Company's 2018 LTIP scheme (as announced on 29 March 2019
with details of the relevant scheme announced on 23 October 2018).
The Board and Graeme have agreed that this award will be reduced to
187,500 options and that these will vest in full on the achievement
of the first performance criteria (being the Company's share price
reaching 196 pence over 30 consecutive business days).
Emma has in turn been awarded 562,500 share options under the
2018 LTIP with the same vesting conditions such that 187,500 of
these options becoming eligible to vest on the first performance
criterion described above being met, with the remainder becoming
eligible to vest on the Company's share price reaching 259 pence
over 30 consecutive business days. All other terms and conditions
relating to the 2018 LTIP as previously described apply
equally.
Ben Dorks, Chief Executive of Ideagen, commented ; "Firstly, the
Board would like thank Graeme for his outstanding commitment to
Ideagen. His insight, acumen and support over the past 10 years has
been invaluable and it has been a great pleasure to work alongside
him. We are pleased that Graeme will remain with the business as
Company Secretary which will provide for a robust transition.
The Board is delighted to welcome Emma to the Group who brings
with her a deep understanding of both financial structures and
processes and M&A. We will benefit hugely from Emma's
experience and ability as Ideagen continues to execute its global
growth strategy."
There are no further disclosures to be made in relation to Emma
Jane Hayes, aged 39, pursuant to Schedule 2(g) of the AIM Rules for
Companies. .
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 (MAR).
Enquiries:
Ideagen plc 01629 699100
David Hornsby, Executive Chairman
Ben Dorks, Chief Executive Officer
Graeme Spenceley, Chief Financial Officer
finnCap Limited 020 7220 0500
Henrik Persson/James Thompson/ Hannah Boros
(Nomad)
Alice Lane (ECM)
Canaccord Genuity Limited 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).
The Group provides IRM 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 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 4,700 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
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Emma Hayes
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2. Reason for the notification
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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
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a) Name: Ideagen plc
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b) LEI: 213800KS1MLITOVNYC85
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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
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a) Description of the financial Ordinary shares of 0.1p
instrument, type of instrument:
Identification code: GB00B0CM0C50
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b) Nature of the transaction: Grant of LTIPs over Ordinary Shares
--------------------------------- ------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
n/a 562,500
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d) Aggregated information: See 4 (c) above
* Aggregated volume:
* Price:
--------------------------------- ------------------------------------
e) Date of the transaction: 1 July 2020
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f) Place of the transaction: Off market
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END
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