Iomart Group PLC Grant of Awards to Directors (2782Y)
May 08 2019 - 1:00AM
UK Regulatory
TIDMIOM
RNS Number : 2782Y
Iomart Group PLC
08 May 2019
8 May 2019
iomart Group plc
(the "Company")
Grant of Awards to Directors
iomart Group plc (AIM: IOM) the cloud computing company, today
announces that on 7 May 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 ("Ordinary Shares") and are exercisable at an
exercise price of 1p and will be awarded in respect of the March
2022 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
180,668. 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 of
granted over of options over issued shares
ordinary shares ordinary shares under option
Angus MacSween 115,999 1,127,194 1.04%
------------------ ----------------- ---------------
Scott Cunningham 64,669 204,998 0.19%
------------------ ----------------- ---------------
Total 180,668 1,332,192 1.23%
------------------ ----------------- ---------------
iomart Group plc Tel: 0141 931 6400
Angus MacSween, Chief Executive
Scott Cunningham, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Tel: 020 7418 8900
Broker)
Edward Knight
Peter Stewart
Nick Prowting
Alma PR Tel: 020 3405 0212
Caroline Forde
Hilary Buchanan
Helena Bogle
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Angus MacSween
------------------------------ ----------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------------
a. Position/status Chief Executive Officer
------------------------------ ----------------------------------------------
b. Initial notification Initial notification
/Amendment
------------------------------ ----------------------------------------------
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 Options over ordinary shares of 1p each
of the
Financial instrument,
type ISIN: GB0004281639
of instrument
Identification
code
------------------------------ ----------------------------------------------
b. Nature of the Grant of options over 115,999 ordinary
transaction shares under the iomart Group plc Unapproved
Share Option Scheme 2013
------------------------------ ----------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
1p 115,999
----------
------------------------------ ----------------------------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
------------------------------ ----------------------------------------------
e. Date of the 7 May 2019
transaction
------------------------------ ----------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------ ----------------------------------------------
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 Initial notification
/Amendment
------------------------------ ---------------------------------------------
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 Options over ordinary shares of 1p each
of the
Financial instrument,
type ISIN: GB0004281639
of instrument
Identification
code
------------------------------ ---------------------------------------------
b. Nature of the Grant of options over 64,669 ordinary shares
transaction under the iomart Group plc Unapproved Share
Option Scheme 2013
------------------------------ ---------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
1p 64,669
----------
------------------------------ ---------------------------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
------------------------------ ---------------------------------------------
e. Date of the 7 May 2019
transaction
------------------------------ ---------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------ ---------------------------------------------
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END
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