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04 April 2018
iomart Group plc
(the "Company")
Grant of Awards to Directors
iomart Group plc (AIM: IOM) the cloud computing company, announces that on 4th April the Remuneration Committee agreed to grant options to the 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, are exercisable at an exercise price of 1p and will be awarded in respect of the March 2021 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 172,278. The following table sets out the details of the options that have been issued to Directors:
|
Name of Director |
Number of new options granted over ordinary shares |
Resultant total number of options over ordinary shares |
Percentage of issued shares under option |
|
Angus MacSween |
107,674 |
1,056,048 |
0.98% |
|
Richard Logan |
64,604 |
658,734 |
0.61% |
|
Total |
172,278 |
1,714,782 |
1.59% |
|
iomart Group plc |
Tel: 0141 931 6400 |
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Angus MacSween Richard Logan |
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Peel Hunt LLP (Nominated Adviser and Broker) |
Tel: 020 7418 8900
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Ed Knight Nick Prowting |
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Alma PR (Financial PR) Caroline Forde Helena Bogle
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Tel: 020 8004 4218 |
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The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a. |
Name |
Angus MacSween |
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2. |
Reason for the notification |
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a. |
Position/status |
Chief Executive Officer |
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b. |
Initial notification /Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
iomart Group plc |
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b. |
LEI |
213800MME6X5NGP7NC68 |
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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 |
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|
a. |
Description of the Financial instrument, type of instrument Identification code |
Options over ordinary shares of 1p each
ISIN: GB0004281639 |
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b. |
Nature of the transaction |
Grant of options over 107,674 ordinary shares under the iomart Group plc Unapproved Share Option Scheme 2013 |
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c. |
Price(s) and volume(s) |
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d. |
Aggregated information · Aggregated volume · Price
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n/a single transaction
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e. |
Date of the transaction |
4 April 2018 |
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f. |
Place of the transaction |
Outside a trading venue |
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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|
a. |
Name |
Richard Logan |
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|
2. |
Reason for the notification |
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a. |
Position/status |
Chief Financial Officer |
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b. |
Initial notification /Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a. |
Name |
iomart Group plc |
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|
b. |
LEI |
213800MME6X5NGP7NC68 |
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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
ISIN: GB0004281639 |
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b. |
Nature of the transaction |
Grant of options over 64,604 ordinary shares under the iomart Group plc Unapproved Share Option Scheme 2013
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c. |
Price(s) and volume(s) |
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d. |
Aggregated information · Aggregated volume · Price
|
n/a single transaction
|
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e. |
Date of the transaction |
4 April 2018 |
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f. |
Place of the transaction |
Outside a trading venue |
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