Launch of 2020 SAYE Scheme

RNS Number : 8611A

Iomart Group PLC

01 October 2020

 

1 October 2020

iomart Group plc

("iomart" or the "Group" or the "Company")

Launch of 2020 SAYE Scheme
 

iomart Group Plc, the cloud computing company, is pleased to announce that it launched a Save As You Earn ('SAYE') share scheme for all employees, under which employees were offered the opportunity to participate in the future growth of the Company via share option arrangements.

Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ('Ordinary Shares') with an exercise price of 276.0 pence, a 20 per cent. discount to the closing middle market price of the Company's Ordinary Shares on 13 August 2020, the trading day before the invitation to participate was made. The options have a contract start date of 1 October 2020 and are exercisable between 1 October 2023 and 31 March 2024.

A total of 107 employees elected to participate, and pursuant to these elections a total of 271,993 options over Ordinary Shares were issued, equating to 0.25 per cent. of the issued share capital at 1 October 2020.

Two of the Directors of the Company, detailed below, elected to participate in the SAYE scheme and are included in the total figures above.

As a result of this option grant, these Directors' interests in Ordinary Shares are as follows:

Director	Options granted over Ordinary Shares under 2020 SAYE scheme	Total interest held under option	% of issued share capital
Reece Donovan	6,521	327,950	0.30%
Scott Cunningham	6,521	291,662	0.27%

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

The notifications 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	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	Ordinary Shares of 1p each GB0004281639
b.	Nature of the transaction	Options granted under SAYE scheme
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 276.0p 6,521
d.	Aggregated information · Aggregated volume · Price	6,521 shares n/a
e.	Date of the transaction	1 October 2020
f.	Place of the transaction	Outside a trading venue

5.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Scott Cunningham
6.	Reason for the notification
a.	Position/status	Chief Financial Officer
b.	Initial notification /Amendment	Initial notification
7.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	iomart Group plc
b.	LEI	213800MME6X5NGP7NC68
8.	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	Ordinary Shares of 1p each GB0004281639
b.	Nature of the transaction	Options granted under SAYE scheme
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 276.0p 6,521
d.	Aggregated information · Aggregated volume · Price	6,521 shares n/a
e.	Date of the transaction	1 October 2020
f.	Place of the transaction	Outside a trading venue

 

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