Grant of Awards to Directors

RNS Number : 9815W

Iomart Group PLC

28 April 2021

 

28 April 2021

iomart Group plc

(the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM) the cloud computing company, announces that, on 27 April 2021, the Remuneration Committee granted options over the ordinary shares of 1p each in the Company ("Ordinary Shares") to Reece Donovan (CEO) and Scott Cunningham (CFO) 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 Reece Donovan and Scott Cunningham are based on the Company's Full Year results to 31 March 2024.

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
Reece Donovan	103,448	431,398	0.39%
Scott Cunningham	77,379	369,041	0.34%
Total	180,827	800,439	0.73%

iomart Group plc	Tel: [phone]
Reece Donovan, Chief Executive
Scott Cunningham, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker)	Tel: [phone]
Edward Knight
Paul Gillam Nick Prowting
Investec Bank Plc (Joint Broker)	Tel: [phone]
Patrick Robb
Virginia Bull Sebastian Lawrence
Alma PR	Tel: [phone]
Caroline Forde
Helena Bogle Joe Pederzolli

 

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Reece Donovan
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 103,448 Ordinary Shares under the iomart Group plc Performance Share Plan 2020
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 1p 103,448
d.	Aggregated information ·Aggregated volume ·Price	n/a single transaction
e.	Date of the transaction	27 April 2021
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 77,379 Ordinary Shares under the iomart Group plc Performance Share Plan 2020
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 1p 77,379
d.	Aggregated information ·Aggregated volume ·Price	n/a single transaction
e.	Date of the transaction	27 April 2021
f.	Place of the transaction	Outside a trading venue

 

END

 

 

DSHFLFFDSLITFIL