Business
Issue of Convertible Loan Notes
Issue of Convertible Loan Notes.
About this update from Intercede Group Plc
[{"type":"text","content":"\n \nRNS Number : 9469O Intercede Group PLC 25 August 2017 \n\n \n25 August 2017\nINTERCEDE GROUP plc\n(\"Intercede\", or the \"Group\")\nIssue of Convertible Loan Notes\n \nFurther to the Fundraising announcement of 28 December 2016, Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to announce that it has raised £0.5 million through the issue of Convertible Loan Notes (\"CLN\"). These CLNs are convertible at 68.8125p per Ordinary Share and increase the total raised under the CLN instrument to £5.0 million.\nRichard Parris, Chairman and CEO of Intercede, said;\n\"The increase in our cash reserves is beneficial as, following on from our December Fundraising, we continue to enhance our sales & marketing team and capabilities to meet the exciting new opportunities we are seeing. We are pleased to welcome a major new institutional investor and believe it is a significant vote of confidence in Intercede that they have chosen to participate in the Company's development.\"\n \nContact\n\n\n\n\nIntercede Group plc\n\n\nTel: +44 (0) 1455 558 111\n\n\n\n\nRichard Parris\n\n\nChairman & Chief Executive\n\n\n\n\nAndrew Walker\n\n\nFinance Director\n\n\n\n\n\n\n\n\n\n\n\n\nfinnCap\n\n\nTel: +44 (0) 20 7220 0500\n\n\n\n\nStuart Andrews\n\n\nCorporate Finance\n\n\n\n\nSimon Hicks\n\n\nCorporate Finance\n\n\n\n\n\n\n\n\n\n\n\n\nCapital Access Group\n\n\nTel: +44 (0) 20 3763 3400\n\n\n\n\nScott Fulton\n\n\nMedia\n\n\n\n\nEd Welsby\n\n\nInvestors\n\n\n\n\n \nAbout Intercede\nIntercede is a software and service company specializing in identity, credential management and secure mobility. Its solutions create a foundation of trust between connected people, devices and apps and combine expertise with innovation to provide world-class cybersecurity. Intercede has been delivering solutions to high profile customers, from the US and UK governments to some of the world's largest corporations, telecommunications providers and information technology firms, for over 20 years. Intercede's product portfolio includes MyID, an identity and credential management system that assigns trusted digital identities to employees citizens and machines. In 2015, Intercede launched MyTAM, enabling trusted applications to be loaded into a mobile device's Trusted Execution Environme...