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IOM Iomart Group Plc

145.40
1.40 (0.97%)
28 Mar 2024 - Closed
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
  1.40 0.97% 145.40 143.00 145.40 149.80 143.00 144.00 41,387 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Services, Nec 115.64M 7M 0.0624 22.92 160.25M

Iomart Group PLC Grant of Awards to Director (9153Z)

05/09/2018 5:57pm

UK Regulatory


Iomart (LSE:IOM)
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TIDMIOM

RNS Number : 9153Z

Iomart Group PLC

05 September 2018

5 September 2018

iomart Group plc

(the "Company")

Grant of Awards to Director

iomart Group plc (AIM: IOM), the cloud computing company, announces that on 4 September the Remuneration Committee agreed to grant options to Scott Cunningham, Group Finance Director, 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 of 1p each in the Company ("Ordinary Shares"), are exercisable at an exercise price of 1p and will be awarded in respect of the March 2019, March 2020 and March 2021 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 to Scott Cunningham under the Scheme is 140,329. The following table sets out the detail of the options that have been issued:

 
 Name of Director    Number of options   Total number       Percentage of 
                      granted over        of options over    issued shares 
                      Ordinary Shares     Ordinary Shares    under option 
 Scott Cunningham              140,329            140,329            0.13% 
                    ------------------  -----------------  --------------- 
 
 
 iomart Group plc                           Tel: 0141 931 6400 
 Angus MacSween, Chief Executive 
 Scott Cunningham, Group Finance Director 
 
 
 Peel Hunt LLP (Nominated Adviser and       Tel: 020 7418 8900 
  Broker) 
 Edward Knight 
 Nick Prowting 
  Max Irwin 
 
 
   Alma PR                                    Tel: 020 8004 4218 
 Caroline Forde 
 Helena Bogle 
 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 
 1.               Details of the person discharging managerial responsibilities 
                   / person closely associated 
 a.               Name                             Scott Cunningham 
                 -------------------------------  ---------------------------------------------- 
 2.               Reason for the notification 
                 ------------------------------------------------------------------------------- 
            a.    Position/status                  Group Finance Director 
                 -------------------------------  ---------------------------------------------- 
            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 of                   Options over ordinary shares of 1p each 
                   the 
                   Financial instrument, 
                   type                             ISIN: GB0004281639 
                   of instrument 
                   Identification 
                   code 
                 -------------------------------  ---------------------------------------------- 
            b.    Nature of the                    Grant of options over 140,329 Ordinary Shares 
                   transaction                      under the iomart Group plc Unapproved Share 
                                                    Option Scheme 2013 
                 -------------------------------  ---------------------------------------------- 
            c.    Price(s) and                       Exercise Price(s)   Volume(s) 
                   volume(s)                          1p                  140,329 
                                                                         ---------- 
                 -------------------------------  ---------------------------------------------- 
                       Aggregated information 
                         *    Aggregated volume 
                                                                140,329 
 
            d.           *    Price                             1p 
                 -------------------------------  ---------------------------------------------- 
            e.    Date of the transaction          4 September 2018 
                 -------------------------------  ---------------------------------------------- 
            f.    Place of the                     Outside a trading venue 
                   transaction 
                 -------------------------------  ---------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHLLFERARIEIIT

(END) Dow Jones Newswires

September 05, 2018 12:57 ET (16:57 GMT)

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