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LONDON - Intercede Group plc (AIM:IGP), a cybersecurity software company specializing in digital identities, announced Tuesday that its Growth Share Scheme for CEO Klaas van der Leest has fully vested following the achievement of share price targets.
The company will award van der Leest £1.8 million in cash and 743,095 ordinary shares, based on the closing share price of 173.5 pence on July 7, 2025. Following the award, van der Leest will hold 1,819,727 ordinary shares, representing approximately 3.1% of the company’s total voting rights.
The Growth Share Scheme, initially announced in October 2022, was designed to vest based on Intercede’s share price performance above a base price of 66 pence. Full vesting required the share price to reach 173 pence, representing a 162% increase from the base price, by the publication of the company’s full-year results for the fiscal year ended March 31, 2025.
According to the company’s statement, the board determined that the valuation criteria for vesting had been fully met after van der Leest submitted a valid put option for his Growth Shares on July 8, 2025.
The board considered the Group’s working capital, cash reserves, potential dilution, and impact on earnings per share before deciding on the combination of cash and equity for the award.
The newly issued shares will rank equally with existing ordinary shares and are expected to be admitted to trading on AIM around July 25, 2025. Following admission, Intercede’s issued share capital will consist of 59,573,952 ordinary shares, with 373,906 shares held in Treasury.
Intercede provides cybersecurity solutions focused on protecting organizations against compromised user credentials, offering various authentication options from passwords to PKI.
This information is based on a press release statement from Intercede Group plc.
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