Iomart Group PLC Grant of Options (4820X)

TIDMIOM

RNS Number : 4820X

Iomart Group PLC

28 August 2015

28 August 2015

iomart Group plc

(the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM) the cloud computing company, today announces that the Remuneration Committee has 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 and are exercisable at an exercise price of 1p and they will be awarded in respect of the March 2018 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 348,385. The following table sets out the details of the options that have been issued to Directors:

 
 Name of Director    Number of options        Total number of          Percentage of 
                      granted over ordinary    options over ordinary    issued shares 
                      shares                   shares                   under option 
------------------  -----------------------  -----------------------  --------------- 
 Angus MacSween                     175,575                  685,387            0.64% 
------------------  -----------------------  -----------------------  --------------- 
 Richard Logan                       87,557                  487,454            0.46% 
------------------  -----------------------  -----------------------  --------------- 
 Sarah Haran                         85,253                  503,603            0.47% 
------------------  -----------------------  -----------------------  --------------- 
 Total                              348,385                1,676,444            1.57% 
------------------  -----------------------  -----------------------  --------------- 
 
 
 iomart Group plc                       Tel: [phone] 
 Angus MacSween, Chief Executive 
 Richard Logan, Finance Director 
 
 
 Peel Hunt LLP (Nominated Adviser and   Tel: [phone] 
  Broker) 
 Richard Kauffer 
 Euan Brown 
  George Huntley 
 
 
   Newgate                                Tel: [phone] 
 Adam Lloyd 
 Bob Huxford 
  Ed Treadwell 
  Robyn McConnachie 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPKFDQDBKDDFB

(END) Dow Jones Newswires

August 28, 2015 07:43 ET (11:43 GMT)