Iomart Group PLC Grant of Options (1907I)
August 25 2016 - 11:50AM
UK Regulatory
TIDMIOM
RNS Number : 1907I
Iomart Group PLC
25 August 2016
25 August 2016
iomart Group plc
("iomart" or the "Company")
Grant of Awards to Directors
iomart Group plc (AIM: IOM), the cloud computing company, today
announces that on 24(th) August 2016 the Remuneration Committee
agreed to grant options to two 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 and are exercisable at an exercise price of
1p and they will be awarded in respect of the March 2019 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
10,957. The following table sets out the details of the options
that have been issued to Directors:
Name of Director Number of options Total number Percentage
granted over of options of issued
ordinary shares over ordinary shares under
shares option
------------------ ------------------ --------------- --------------
Richard Logan 7,428 517,363 0.48%
------------------ ------------------ --------------- --------------
Sarah Haran 3,529 577,706 0.54%
------------------ ------------------ --------------- --------------
Total 10,957 1,095,069 1.02%
------------------ ------------------ --------------- --------------
For further information:
iomart Group plc Tel. 0141
931 6400
Angus MacSween, Chief Executive
Richard Logan, Finance Director
Peel Hunt (Nominated Adviser Tel. 020 7418
and Broker) 8900
Richard Kauffer
Euan Brown
Alma PR Tel. 020 8004
4218
Caroline Forde
Hilary Buchanan
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHAKPDQABKDFFB
(END) Dow Jones Newswires
August 25, 2016 12:50 ET (16:50 GMT)
Iomart (LSE:IOM)
Historical Stock Chart
From Apr 2024 to May 2024
Iomart (LSE:IOM)
Historical Stock Chart
From May 2023 to May 2024