Iomart Group PLC Grant of Options to Directors (9701W)

TIDMIOM

RNS Number : 9701W

Iomart Group PLC

21 April 2023

21 April 2023

iomart Group plc

(the "Company")

Grant of Options to Directors

iomart Group plc (AIM: IOM) the cloud computing company, announces that, on 20 April 2023, 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 and will not vest earlier than three years from the date of grant.

The performance conditions for Reece Donovan and Scott Cunningham are based on certain performance obligations having been met during the three-year period up until 31 March 2026.

The following table sets out the interest of each director in options over the Ordinary shares:

 
 Name of Director    Number of options       Total number    Percentage of 
                         granted on 20    of options over     issued share 
                       April 2023 over    Ordinary Shares    capital under 
                       Ordinary Shares                              option 
                       pursuant to the 
                                  Plan 
 Reece Donovan                 253,477            677,329            0.61% 
                    ------------------  -----------------  --------------- 
 Scott Cunningham              189,600            489,164            0.44% 
                    ------------------  -----------------  --------------- 
 Total                         443,077          1,166,493            1.06% 
                    ------------------  -----------------  --------------- 
 
 
 iomart Group plc                                  Tel: [phone] 
 Reece Donovan, Chief Executive 
 Scott Cunningham, Chief Financial Officer 
 
 
 
 Investec Bank Plc (Nominated Adviser and          Tel: [phone] 
  Broker) 
 Patrick Robb, Virginia Bull, Nick Prowting 
 
 
   Alma PR                                           Tel: [phone] 
 Caroline Forde, Hilary Buchanan, 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 253,477 Ordinary 
       transaction                     Shares under the iomart Group plc Performance 
                                       Share Plan 2020 
     ------------------------------  ----------------------------------------------- 
 c.   Price(s) and                      Exercise    Volume(s) 
       volume(s)                          Price(s) 
                                         1p          253,477 
                                                    ---------- 
     ------------------------------  ----------------------------------------------- 
 d.        Aggregated information 
             *    Aggregated volume                n/a single transaction 
 
 
             *    Price 
     ------------------------------  ----------------------------------------------- 
 e.   Date of the                     20 April 2023 
       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 189,600 Ordinary 
       transaction                     Shares under the iomart Group plc Performance 
                                       Share Plan 2020 
     ------------------------------  ----------------------------------------------- 
 c.   Price(s) and                      Exercise    Volume(s) 
       volume(s)                          Price(s) 
                                         1p          189,600 
                                                    ---------- 
     ------------------------------  ----------------------------------------------- 
 d.        Aggregated information 
             *    Aggregated volume                n/a single transaction 
 
 
             *    Price 
     ------------------------------  ----------------------------------------------- 
 e.   Date of the                     20 April 2023 
       transaction 
     ------------------------------  ----------------------------------------------- 
 f.   Place of the                    Outside a trading venue 
       transaction 
     ------------------------------  ----------------------------------------------- 
 

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April 21, 2023 02:00 ET (06:00 GMT)