Iomart Group PLC
27 September 2006
iomart Group PLC (the 'Company')
Result of the Scrip Dividend Alternative
and
Directors' shareholdings
iomart Group plc announces that under the Company's scrip dividend scheme
shareholders representing 45.02 per cent. of the ordinary shares in issue
elected to receive shares in lieu of cash in respect of all or part of the final
dividend for the twelve months to 31 March 2006. Under the terms of the scrip
dividend, electing shareholders receive new ordinary shares of 1p each ('New
Ordinary Shares') at an effective price of 69 pence per share in lieu of the
final dividend of 3 pence per share.
Application has been made for 1,522,995 New Ordinary Shares to be admitted to
trading on AIM. The New Ordinary Shares will rank pari passu with the Company's
existing ordinary shares and dealings are expected to commence on 2 October
2006.
Following admission there will be 79,332,635 shares in issue.
Each of the Directors elected to receive the scrip dividend alternative as
follows:
Name Previous Scrip Dividend Current Percentage of
Shareholding Alternative Shareholding enlarged issued
share capital
Angus MacSween 18,395,500 799,804 19,195,304 24.2
Sarah Haran 681,955 29,650 711,605 0.9
Stuart Forrest 1,620,371 68,913 1,689,284 2.1
Mark Hallam 1,261,972 53,695 1,315,667 1.7
Nick Kuenssberg 929,010 40,391 969,401 1.2
Fred Shedden 696,122 30,266 726,388 0.9
Chris Batterham 35,000 1,521 36,521 0.0
For further information:
Angus MacSween 0141 931 6400
Nick Kuenssberg 07860 635191
This information is provided by RNS
The company news service from the London Stock Exchange
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