TIDMIOM

RNS Number : 4565O

Iomart Group PLC

18 August 2017

18 August 2017

iomart Group plc

("iomart" or the "Group" or the "Company")

Launch of 2017 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 252.8 pence, a 20 per cent. discount to the closing middle market price of the Company's Ordinary Shares on 21 July 2017, the trading day before the invitation to participate was made. The options have a contract start date of 1 October 2017 and are exercisable between 1 October 2020 and 31 March 2021.

A total of 69 employees elected to participate, and pursuant to these elections a total of 148,162 options over Ordinary Shares have been issued, equating to 0.14 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       held under    share capital 
                        Shares under           option 
                    2017 SAYE scheme 
 Angus MacSween                3,560          948,374            0.88% 
 Richard Logan                 3,560          594,130            0.55% 
 
 
 iomart Group plc                   Tel: 0141 931 6400 
 Angus MacSween, Chief Executive 
 Richard Logan, Finance Director 
 
 
 Peel Hunt LLP (Nominated Adviser   Tel: 020 7418 8900 
  and Broker) 
 Edward Knight 
 Nick Prowting 
 
 Alma PR                            Tel: 020 8004 4217 
 Hilary Buchanan 
 Helena Bogle

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

August 18, 2017 11:16 ET (15:16 GMT)

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