Iomart Group PLC Grant of Options (4820X)
28 August 2015 - 9:43PM
UK Regulatory
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: 0141 931 6400
Angus MacSween, Chief Executive
Richard Logan, Finance Director
Peel Hunt LLP (Nominated Adviser and Tel: 020 7418 8900
Broker)
Richard Kauffer
Euan Brown
George Huntley
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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