Grant of Awards to Directors

RNS Number : 8463J

Iomart Group PLC

04 April 2018

 

04 April 2018

iomart Group plc

(the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM) the cloud computing company, announces that on 4^th April the Remuneration Committee agreed to grant options to the Executive Directors 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 in the Company, are exercisable at an exercise price of 1p and will be awarded in respect of the 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 under the Scheme is 172,278. The following table sets out the details of the options that have been issued to Directors:

Name of Director	Number of new options granted over ordinary shares	Resultant total number of options over ordinary shares	Percentage of issued shares under option
Angus MacSween	107,674	1,056,048	0.98%
Richard Logan	64,604	658,734	0.61%
Total	172,278	1,714,782	1.59%

iomart Group plc		Tel: [phone]
Angus MacSween Richard Logan
Peel Hunt LLP (Nominated Adviser and Broker)		Tel: [phone]
Ed Knight Nick Prowting
Alma PR (Financial PR) Caroline Forde Helena Bogle		Tel: [phone]

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	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 ISIN: GB0004281639
b.	Nature of the transaction	Grant of options over 107,674 ordinary shares under the iomart Group plc Unapproved Share Option Scheme 2013
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 1p 107,674
d.	Aggregated information ·      Aggregated volume ·      Price	n/a single transaction
e.	Date of the transaction	4 April 2018
f.	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Richard Logan
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 ISIN: GB0004281639
b.	Nature of the transaction	Grant of options over 64,604 ordinary shares under the iomart Group plc Unapproved Share Option Scheme 2013
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 1p 64,604
d.	Aggregated information ·      Aggregated volume ·      Price	n/a single transaction
e.	Date of the transaction	4 April 2018
f.	Place of the transaction	Outside a trading venue

 

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