Ideagen PLC (IDEA.L) Offer

Ideagen Plc ( AIM : IDEA ), a leading supplier of Information Management software to highly regulated industries, is pleased to announce, a conditional offer for subscription via PrimaryBid (the “PrimaryBidOffer”).

Of new ordinary shares of 1p each in the Company (“New Ordinary Shares”) at an issue price of 215 pence per New Ordinary Share (the “Issue Price”). The Company is also conducting a placing of new Ordinary Shares at the Issue Price by way of an accelerated bookbuild process (the “Placing”) as announced earlier today.

The PrimaryBid Offer is conditional on the new Ordinary Shares to be issued pursuant to the PrimaryBid Offer and the Placing being admitted to trading on AIM (“Admission”). Admission is expected to be take place at 8.00 a.m. on 14 December 2020 . The PrimaryBid Offer will not be completed without the Placing also being completed.

At present, the Company has visibility over a number of potential acquisitions which the board of Ideagen (the “Board”) considers to be attractive and that could enhance shareholder value for the long term. Discussions with these acquisition prospects are at differing stages of development and, whilst there can at this stage be no certainty that these acquisitions will be completed nor what the precise terms of such acquisitions could be, the Company is confident based on its track record that attractive target assets are available.

The Board intends to deploy the net proceeds of the Placing, together with its existing debt facilities, to fund this acquisition pipeline and associated costs. The Board believes that having access to readily available capital to deploy on acquisitions will enhance the Company’s position in negotiating and executing upon this pipeline. The Company also continues to regularly review its financing facilities to ensure an effective and optimal capital structure, and will continue to do so as the business evolves both organically and inorganically.

Should no acquisitions be made within a reasonable period of time, the Company will set the proceeds against its existing revolving credit facility in order to reduce interest payments. In this scenario, the funds held in these accounts will be readily available to be drawn against acquisitions as and when required.

PrimaryBid Offer

The Company values its retail investor base and is therefore pleased to provide private and other investors the opportunity to participate in the PrimaryBid Offer by applying exclusively through the platform and the PrimaryBid mobile app available on the Apple App Store and Google Play. PrimaryBid does not charge investors any commission for this service.

The PrimaryBid Offer, via the platform, is now open to individual and institutional investors and will close at 7:30 p.m. on 8 December 2020 . The PrimaryBid Offer may close early if it is oversubscribed.

The Company in consultation with PrimaryBid reserves the right to scale back any order at its discretion. The Company and PrimaryBid reserve the right to reject any application for subscription under the Offer without giving any reason for such rejection.

No commission is charged to investors on applications to participate in the PrimaryBid Offer made through PrimaryBid. It is vital to note that once an application for New Ordinary Shares has been made and accepted via PrimaryBid, an application cannot be withdrawn.

For further information on or the procedure for applications under the PrimaryBid Offer, visit or call on +44 20 3026 4750.

The New Ordinary Shares will be issued free of all liens, charges and encumbrances and will, when issued and fully-paid, rank pari passu in all respects with the Company’s existing Ordinary Shares.

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