Iomart Group PLC Grant of Awards to Directors (9815W)
April 28 2021 - 12:23PM
UK Regulatory
TIDMIOM
RNS Number : 9815W
Iomart Group PLC
28 April 2021
28 April 2021
iomart Group plc
(the "Company")
Grant of Awards to Directors
iomart Group plc (AIM: IOM) the cloud computing company,
announces that, on 27 April 2021, the Remuneration Committee
granted options over the ordinary shares of 1p each in the Company
("Ordinary Shares") to Reece Donovan (CEO) and Scott Cunningham
(CFO) under the rules of the Company's Performance Share Plan 2020
(the "Plan").
The options granted under the Plan have an exercise price of 1p
each, will not vest earlier than three years from the date of grant
and are subject to financial performance conditions. The
performance conditions for Reece Donovan and Scott Cunningham are
based on the Company's Full Year results to 31 March 2024.
The following table sets out the number of options that have
been granted to each Director:
Name of Director Number of options Total number Percentage of
granted over of options over issued share
Ordinary Shares Ordinary Shares capital under
pursuant to the option
Plan
Reece Donovan 103,448 431,398 0.39%
------------------ ----------------- ---------------
Scott Cunningham 77,379 369,041 0.34%
------------------ ----------------- ---------------
Total 180,827 800,439 0.73%
------------------ ----------------- ---------------
iomart Group plc Tel: 0141 931 6400
Reece Donovan, Chief Executive
Scott Cunningham, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker) Tel: 020 7418 8900
Edward Knight
Paul Gillam
Nick Prowting
Investec Bank Plc (Joint Broker) Tel: 020 7597 4000
Patrick Robb
Virginia Bull
Sebastian Lawrence
Alma PR Tel: 020 3405 0205
Caroline Forde
Helena Bogle
Joe Pederzolli
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Reece Donovan
------------------------------ -----------------------------------------------
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 ("Ordinary Shares")
Financial instrument,
type
of instrument ISIN: GB0004281639
Identification
code
------------------------------ -----------------------------------------------
b. Nature of the Grant of options over 103,448 Ordinary
transaction Shares under the iomart Group plc Performance
Share Plan 2020
------------------------------ -----------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
1p 103,448
----------
------------------------------ -----------------------------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
------------------------------ -----------------------------------------------
e. Date of the 27 April 2021
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 ("Ordinary Shares")
Financial instrument,
type
of instrument ISIN: GB0004281639
Identification
code
------------------------------ ---------------------------------------------
b. Nature of the Grant of options over 77,379 Ordinary Shares
transaction under the iomart Group plc Performance
Share Plan 2020
------------------------------ ---------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
1p 77,379
----------
------------------------------ ---------------------------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
------------------------------ ---------------------------------------------
e. Date of the 27 April 2021
transaction
------------------------------ ---------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------ ---------------------------------------------
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END
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