Grant of Options to Directors

Iomart Group PLC

08 May 2024

 

8 May 2024

iomart Group plc

(the "Company")

Grant of Options to Directors

iomart Group plc (AIM: IOM) the secure cloud services company, announces that, on 7 May 2024, the Remuneration Committee granted options over the ordinary shares of 1p each in the Company ("Ordinary Shares") to Lucy Dimes (CEO & Chair) and Scott Cunningham (CFO) under the rules of the Company's Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023 and 11 April 2024 (the "Plan").

The options granted under the Plan have an exercise price of 1p each and will not vest earlier than three years from the date of grant.

The performance conditions for Lucy Dimes and Scott Cunningham are based on certain performance obligations having been met during the three-year period up until 31 March 2027.

The following table sets out the interest of each director in options over the Ordinary shares:

Name of Director	Number of options granted on 7 May 2024 over Ordinary Shares pursuant to the Plan	Total number of options over Ordinary Shares	Percentage of issued share capital under option
Lucy Dimes	423,664	1,051,705	0.94%
Scott Cunningham	297,710	753,405	0.67%
Total	721,374	1,805,110	1.61%

iomart Group plc	Tel: [phone]
Lucy Dimes, Chief Executive & Chair
Scott Cunningham, Chief Financial Officer
Investec Bank Plc (Nominated Adviser and Broker)	Tel: [phone]
Patrick Robb, Virginia Bull
Alma Strategic Communications	Tel: [phone]
Caroline Forde, Hilary Buchanan, Kinvara Verdon

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Lucy Dimes
2.	Reason for the notification
a.	Position/status	Chief Executive Officer & Chair
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 ("Ordinary Shares") ISIN: GB0004281639
b.	Nature of the transaction	Grant of options over 423,664 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023 and 11 April 2024
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 1p 423,664
d.	Aggregated information ·Aggregated volume ·Price	n/a single transaction
e.	Date of the transaction	7 May 2024
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 ("Ordinary Shares") ISIN: GB0004281639
b.	Nature of the transaction	Grant of options over 297,710 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023 and 11 April 2024
c.	Price(s) and volume(s)	Exercise Price(s) Volume(s) 1p 297,710
d.	Aggregated information ·Aggregated volume ·Price	n/a single transaction
e.	Date of the transaction	7 May 2024
f.	Place of the transaction	Outside a trading venue

 

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