Grant of Awards to Directors

RNS Number : 1082J

Iomart Group PLC

07 April 2020

 

7 April 2020

iomart Group plc

(the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM) the cloud computing company, announces that, on 6 April 2020, the Remuneration Committee granted options over the ordinary shares of 1p each in the Company ("Ordinary Shares") to Angus MacSween (CEO), Scott Cunningham (CFO) and Reece Donovan (COO) under the rules of the Company's Performance Share Plan 2020 (the "Plan").

The options granted under the Plan have an exercise price of 1p each, will not vest earlier than three years from the date of grant and are subject to financial performance conditions. The performance conditions for Angus MacSween and Scott Cunningham are based on the Company's Full Year results to 31 March 2023 and the performance conditions for Reece Donovan are based on the Company's Full Year results to 31 March 2021, 31 March 2022 and 31 March 2023.

The following table sets out the number of options that have been granted to each Director:

Name of Director	Number of options granted over Ordinary Shares pursuant to the Plan	Total number of options over Ordinary Shares	Percentage of issued share capital under option
Angus MacSween	130,688	1,257,882	1.15%
Scott Cunningham	80,143	285,141	0.26%
Reece Donovan	321,429	321,429	0.29%
Total	532,260	1,864,452	1.70%

iomart Group plc	Tel: [phone]
Angus MacSween, Chief Executive
Scott Cunningham, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker)	Tel: [phone]
Edward Knight
Edward Allsopp Nick Prowting
Alma PR	Tel: [phone]
Caroline Forde
Hilary Buchanan Helena Bogle

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Angus MacSween
2.	Reason for the notification
a.	Position/status	Chief Executive Officer
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 ("Ordinary Shares") ISIN: GB0004281639
b.	Nature of the transaction	Grant of options over 130,688 Ordinary Shares under the iomart Group plc Performance Share Plan 2020
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 1p 130,688
d.	Aggregated information · Aggregated volume · Price	n/a single transaction
e.	Date of the transaction	6 April 2020
f.	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Scott Cunningham
2.	Reason for the notification
a.	Position/status	Chief Financial Officer
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 ("Ordinary Shares") ISIN: GB0004281639
b.	Nature of the transaction	Grant of options over 80,143 Ordinary Shares under the iomart Group plc Performance Share Plan 2020
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 1p 80,143
d.	Aggregated information · Aggregated volume · Price	n/a single transaction
e.	Date of the transaction	6 April 2020
f.	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Reece Donovan
2.	Reason for the notification
a.	Position/status	Chief Operating Officer
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 ("Ordinary Shares") ISIN: GB0004281639
b.	Nature of the transaction	Grant of options over 321,429 Ordinary Shares under the iomart Group plc Performance Share Plan 2020
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 1p 321,429
d.	Aggregated information · Aggregated volume · Price	n/a single transaction
e.	Date of the transaction	6 April 2020
f.	Place of the transaction	Outside a trading venue

 

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