Grant of Awards to Director

RNS Number : 9153Z

Iomart Group PLC

05 September 2018

 

5 September 2018

iomart Group plc

(the "Company")

Grant of Awards to Director

iomart Group plc (AIM: IOM), the cloud computing company, announces that on 4 September the Remuneration Committee agreed to grant options to Scott Cunningham, Group Finance Director, under the rules of the Company's Unapproved Share Option Scheme 2013 (the "Scheme").

The awards of options under the Scheme are over the ordinary shares of 1p each in the Company ("Ordinary Shares"), are exercisable at an exercise price of 1p and will be awarded in respect of the March 2019, March 2020 and March 2021 Full Year results. The options will not vest earlier than three years from the date of grant and their award will be subject to the achievement of economic targets.

The total number of options being issued to Scott Cunningham under the Scheme is 140,329. The following table sets out the detail of the options that have been issued:

Name of Director	Number of options granted over Ordinary Shares	Total number of options over Ordinary Shares	Percentage of issued shares under option
Scott Cunningham	140,329	140,329	0.13%

iomart Group plc	Tel: [phone]
Angus MacSween, Chief Executive
Scott Cunningham, Group Finance Director
Peel Hunt LLP (Nominated Adviser and Broker)	Tel: [phone]
Edward Knight
Nick Prowting Max Irwin
Alma PR	Tel: [phone]
Caroline Forde
Helena Bogle

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Scott Cunningham
2.	Reason for the notification
a.	Position/status	Group Finance Director
b.	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	iomart Group plc
b.	LEI	213800MME6X5NGP7NC68
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 instrument, type of instrument Identification code	Options over ordinary shares of 1p each ISIN: GB0004281639
b.	Nature of the transaction	Grant of options over 140,329 Ordinary Shares under the iomart Group plc Unapproved Share Option Scheme 2013
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 1p 140,329
d.	Aggregated information ·      Aggregated volume ·      Price	140,329 1p
e.	Date of the transaction	4 September 2018
f.	Place of the transaction	Outside a trading venue

 

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