Grant of Awards to Directors

RNS Number : 2782Y

Iomart Group PLC

08 May 2019

 

8 May 2019

iomart Group plc

(the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM) the cloud computing company, today announces that on 7 May 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 ("Ordinary Shares") and are exercisable at an exercise price of 1p and will be awarded in respect of the March 2022 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 180,668. The following table sets out the details of the options that have been issued to Directors:

Name of Director	Number of options granted over ordinary shares	Total number of options over ordinary shares	Percentage of issued shares under option
Angus MacSween	115,999	1,127,194	1.04%
Scott Cunningham	64,669	204,998	0.19%
Total	180,668	1,332,192	1.23%

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
Peter Stewart 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 ISIN: GB0004281639
b.	Nature of the transaction	Grant of options over 115,999 ordinary shares under the iomart Group plc Unapproved Share Option Scheme 2013
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 1p 115,999
d.	Aggregated information ·Aggregated volume ·Price	n/a single transaction
e.	Date of the transaction	7 May 2019
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 ISIN: GB0004281639
b.	Nature of the transaction	Grant of options over 64,669 ordinary shares under the iomart Group plc Unapproved Share Option Scheme 2013
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 1p 64,669
d.	Aggregated information ·Aggregated volume ·Price	n/a single transaction
e.	Date of the transaction	7 May 2019
f.	Place of the transaction	Outside a trading venue

 

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