Iomart Group PLC Launch of 2015 SAYE Scheme (8348V)
12 August 2015 - 7:45PM
UK Regulatory
TIDMIOM
RNS Number : 8348V
Iomart Group PLC
12 August 2015
12 August 2015
iomart Group plc
("iomart" or the "Group" or the "Company")
Launch of 2015 SAYE Scheme
iomart Group Plc, the cloud computing company, is pleased to
announce that it has today launched a Save As You Earn ('SAYE')
share scheme for all employees, under which employees have been
offered the opportunity to participate in the future growth of the
Company via share option arrangements.
Eligible employees were invited to subscribe for options over
the Company's Ordinary Shares of 1 pence each ('Ordinary Shares')
with an exercise price of 194.8 pence, a 20 per cent. discount to
the closing middle market price of the Company's Ordinary Shares on
16 July 2015, the trading day before the invitation to participate
was made. The options have a contract start date of 1 October 2015
and are exercisable between 1 October 2018 and 31 March 2019.
A total of 69 employees elected to participate, and pursuant to
these elections a total of 225,764 options over Ordinary Shares
have been issued, equating to 0.21 per cent. of the current issued
share capital.
Several Directors of the Company, detailed below, have elected
to participate in the SAYE scheme and are included in the total
figures above.
As a result of this option grant, the Directors' interests in
Ordinary Shares are as follows:
Director Options granted Total interest % of issued
over Ordinary Shares held under option share capital
under 2015 SAYE
scheme
Angus MacSween 4,620 509,812 0.47%
Sarah Haran 4,620 418,350 0.39%
Richard Logan 4,620 399,897 0.37%
Ian Ritchie 4,620 9,322 0.01%
iomart Group plc Tel: 0141 931 6400
Angus MacSween, Chief Executive
Richard Logan, Finance Director
Peel Hunt LLP (Nominated Adviser and Broker) Tel: 020 7418 8900
Richard Kauffer
Euan Brown
Newgate Tel: 020 7653 9850
Adam Lloyd
Bob Huxford
Ed Treadwell
Robyn McConnachie
This information is provided by RNS
The company news service from the London Stock Exchange
END
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