Launch of 2022 SAYE Scheme

RNS Number : 0090D

Iomart Group PLC

01 March 2022

 

1 March 2022

iomart Group plc

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

             Launch of 2022 SAYE Scheme

iomart Group Plc, the cloud computing company, is pleased to announce that it has launched a Save As You Earn ('SAYE') share scheme for all employees, under which employees have been 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 128.0 pence, a 20 per cent. discount to the closing middle market price of the Company's Ordinary Shares on 21 January 2022, the trading day before the invitation to participate was made. The options have a contract start date of 1 March 2022 and are exercisable between 1 March 2025 and 31 August 2025.

A total of 112 employees elected to participate, and pursuant to these elections a total of 689,806 options over Ordinary Shares were issued, equating to 0.63 per cent. of the issued share capital at 1 March 2022.

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 2022 SAYE scheme	Total interest held under option	% of issued share capital
Reece Donovan	14,062	331,796	0.30%
Scott Cunningham	14,062	282,261	0.26%

For further information:

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

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) 128.0p 14,062
d.	Aggregated information · Aggregated volume · Price	14,062 shares £17,999.36
e.	Date of the transaction	1 March 2022
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	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) 128.0p 14,062
d.	Aggregated information · Aggregated volume · Price	14,062 shares £17,999.36
e.	Date of the transaction	1 March 2022
f.	Place of the transaction	Outside a trading venue

 

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