INTERCEDE GROUP PLC

Remuneration Information • Nov 10, 2014

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RNS Number : 5752W

Intercede Group PLC

10 November 2014

10 November 2014

Intercede Group plc

("the Company" or "the Group")

Director and PDMR Share Option Awards

On 7 November 2014, new share options were granted under the existing Intercede Group plc Long Term Incentive Plan to Executive Directors, a Person Discharging Managerial Responsibilities (PDMR) and senior managers of the Group.

The award is in accordance with the resolution that was approved by shareholders at the Company's AGM on 17 September 2014:

a)   option exercise price of 127.5p representing the mid-market price as at close of play on 6 November 2014;

b)   performance condition for the option to become exercisable being that the share price of the Company reaches or exceeds 400p for a period of 30 consecutive days over the period commencing on the third anniversary of the date of grant and ending on the seventh anniversary of the date of grant.  In the event of a takeover of the Company, options would only vest if the offer price per share was at least 200p; and

c)   the total number of share options granted was 500,000 which includes the following award levels to the executive directors and PDMR:

Name	Number of Share Options
Richard Parris	200,000
Andrew Walker	50,000
Jayne Murphy	50,000

Following the options granted above, the interests of the Directors and their immediate families in the total voting rights of the Company are detailed below:

	Number of Ordinary Shares	Percentage of Voting Rights        (%)	Total Number of Shares under Option
Richard Parris	5,645,396	11.6	1,119,565
Andrew Walker	1,497,192	3.1	424,094

Enquiries:

Intercede Group plc                                                           Tel: 01455 558111

Richard Parris, Chairman & Chief Executive

Andrew Walker, Finance Director  

finnCap Ltd                                                                          Tel: 020 7220 0500

Stuart Andrews, Corporate Finance

Joanna Weaving, Corporate Broking

About Intercede

Intercede is a software company specialising in identity and credential management with a global team of experts located in the US and UK.

Intercede's MyID software enables organisations to create and use trusted digital identities for employees, citizens and machines. This allows secure access to services, facilities, information and networks.

MyID meets the highest government standards yet is simple enough to be deployed onto consumer devices such as smart phones and tablets. Critically, MyID provides an easy, convenient and secure alternative to passwords.

Millions of identities are managed using MyID and Intercede has provided identity verification and management services to global customers for more than 20 years. MyID is a commercial off the shelf software product, designed and developed to be configurable so it can be embedded as the cornerstone of cyber security infrastructure for governments and corporations.

Customers trusting Intercede for secure digital identity include the US and UK governments and some of the world's largest corporations, telecommunications providers and information technology partners.

For more information visit www.intercede.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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