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IOM Iomart Group Plc

127.50
-1.50 (-1.16%)
Last Updated: 09:25:46
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Iomart Group Plc LSE:IOM London Ordinary Share GB0004281639 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -1.16% 127.50 125.00 127.50 127.50 127.50 127.50 49,095 09:25:46
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Services, Nec 115.64M 7M 0.0624 20.67 144.56M

Iomart Group PLC Grant of Options (0256U)

04/04/2016 8:54am

UK Regulatory


Iomart (LSE:IOM)
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TIDMIOM

RNS Number : 0256U

Iomart Group PLC

04 April 2016

4 April 2016

iomart Group plc

(the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM), the cloud computing company, today announces that on 1(st) 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 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 279,243. The following table sets out the details of the options that have been issued to Directors:

 
     Name of Director               Number of         Total number          Percentage 
                              options granted           of options           of issued 
                                over ordinary        over ordinary        shares under 
                                       shares               shares              option 
----------------------  ---------------------  -------------------  ------------------ 
     Angus MacSween                   134,281              819,668               0.77% 
----------------------  ---------------------  -------------------  ------------------ 
     Richard Logan                     72,481              509,935               0.48% 
----------------------  ---------------------  -------------------  ------------------ 
     Sarah Haran                       72,481              576,084               0.54% 
----------------------  ---------------------  -------------------  ------------------ 
     Total                            279,243            1,905,687               1.79% 
----------------------  ---------------------  -------------------  ------------------ 
 
 
     iomart Group plc                       Tel: 0141 931 
                                             6400 
     Angus MacSween, Chief Executive 
     Richard Logan, Finance Director 
 
 
     Peel Hunt LLP (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

MSCAKQDPOBKKBQK

(END) Dow Jones Newswires

April 04, 2016 03:54 ET (07:54 GMT)

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