Ideagen PLC Extension to 2018 LTIP Awards (8631N)
03 February 2021 - 8:36PM
UK Regulatory
TIDMIDEA
RNS Number : 8631N
Ideagen PLC
03 February 2021
Ideagen PLC
("Ideagen"," the "Company" or the "Group")
Extension to 2018 Long Term Incentive Plan Awards
Ideagen PLC (AIM: IDEA), a leading supplier of Information
Management software to highly regulated industries, announces the
award of 250,000 share options over the Company's ordinary shares
of 1 penny each ("Ordinary Shares") to two of the Group's senior
executives under an extension to the Company's 2018 Long Term
Incentive Plan (the "2018 LTIP").
The awards reward and reflect their contributions since joining
the Group in May 2019. The awards could not for practical reasons
have been made sooner.
The principles underpinning the awards are the same as those of
the 2018 LTIP award made to Ben Dorks, Chief Executive Officer
(announced on 23 October 2018) and to other directors and
executives of the Company (announced on 29 March 2019) insofar that
they will become eligible to vest on the Company's share price
reaching 259 pence over 30 consecutive business days but not before
the third anniversary of the grant date. Thereafter, any Ordinary
Shares issued in respect of the exercise of any of these options
cannot be sold until the fourth anniversary of the grant date
except to meet the taxation costs arising on the exercise of those
options. They are also subject to continued service throughout as
well as the aforementioned share price targets. These options each
have an exercise price of 1 penny per Ordinary Share.
Following the award of these options and the surrender of
250,000 options by a departing employee, there are now 3,429,500
options over Ordinary Shares in issue, representing 1.36% of the
issued share capital of the Company.
Enquiries:
Ideagen plc 01629 699 100
Ben Dorks, Chief Executive Officer
Emma Hayes, Chief Financial Officer
finnCap Limited 020 7220 0500
Henrik Persson/James Thompson
(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 Arun Varma
------------------------------------------------ ---------------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------------------------------
a) Position/status Chief Marketing 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 Issue of options over Ordinary
instrument, type of instrument Shares of 1p each
------------------------------------------------ ---------------------------------------------
Identification code GB00B0CM0C50
------------------------------------------------ ---------------------------------------------
b) Nature of the transaction Grant of options
------------------------------------------------ ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1 penny 250,000
----------
------------------------------------------------ ---------------------------------------------
d) Aggregated information: N/A
-- Aggregated volume
-- Price
------------------------------------------------ ---------------------------------------------
e) Date of the transaction 02 February 2021
------------------------------------------------ ---------------------------------------------
f) Place of the transaction Off market transaction
------------------------------------------------ ---------------------------------------------
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Geoff Neil
------------------------------------------------ ---------------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------------------------------
a) Position/status Chief Development 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 Issue of options over Ordinary
instrument, type of instrument Shares of 1p each
------------------------------------------------ ---------------------------------------------
Identification code GB00B0CM0C50
------------------------------------------------ ---------------------------------------------
b) Nature of the transaction Grant of options
------------------------------------------------ ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1 penny 250,000
----------
------------------------------------------------ ---------------------------------------------
d) Aggregated information: N/A
-- Aggregated volume
-- Price
------------------------------------------------ ---------------------------------------------
e) Date of the transaction 02 February 2021
------------------------------------------------ ---------------------------------------------
f) Place of the transaction Off market transaction
------------------------------------------------ ---------------------------------------------
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