Iomart Group PLC Grant of Awards to Director (9153Z)
06 September 2018 - 2:57AM
UK Regulatory
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
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