Grant of Options

RNS Number : 1907I

Iomart Group PLC

25 August 2016

 

25 August 2016

iomart Group plc

("iomart" or the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM), the cloud computing company, today announces that on 24^th August 2016 the Remuneration Committee agreed to grant options to two 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 and are exercisable at an exercise price of 1p and they will be awarded in respect of the March 2019 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 10,957. 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
Richard Logan	7,428	517,363	0.48%
Sarah Haran	3,529	577,706	0.54%
Total	10,957	1,095,069	1.02%

For further information:

iomart Group plc	Tel. [phone]
Angus MacSween, Chief Executive
Richard Logan, Finance Director
Peel Hunt (Nominated Adviser and Broker)	Tel. [phone]
Richard Kauffer
Euan Brown
Alma PR	Tel. [phone]
Caroline Forde
Hilary Buchanan

 

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