Iomart Group PLC 2018 SAYE Scheme and PDMR Interests (3641U)
29 March 2019 - 1:24AM
UK Regulatory
TIDMIOM
RNS Number : 3641U
Iomart Group PLC
28 March 2019
28 March 2019
iomart Group plc
("iomart" or the "Group" or the "Company")
2018 SAYE Scheme and PDMR Interests
iomart Group Plc, the cloud computing company, is pleased to
announce that during the year it launched a Save As You Earn
('SAYE') share scheme for all employees, under which employees were
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 324.0 pence, a 20 per cent. discount to
the closing middle market price of the Company's Ordinary Shares on
31 August 2018, the trading day before the invitation to
participate was made. The options have a contract start date of 1
November 2018 and are exercisable between 1 November 2021 and 1 May
2022.
A total of 90 employees elected to participate, and pursuant to
these elections a total of 186,810 options over Ordinary Shares
were issued, equating to 0.17 per cent. of the current issued share
capital.
One Director of the Company, detailed below, elected to
participate in the SAYE scheme and is included in the total figures
above.
As a result of this option grant, the Director's interest in
Ordinary Shares under option is as follows:
Name of Director Options granted Total interest % of issued share
over Ordinary held under option capital
Shares under
2018 SAYE scheme
Angus MacSween 2,777 1,011,195 0.93%
------------------ ------------------- ------------------
iomart Group plc Tel: 0141 931 6400
Angus MacSween, Chief Executive
Scott Cunningham, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker) Tel: 020 7418 8900
Peter Stewart
Edward Knight
Nick Prowting
Alma PR (Financial PR) Tel: 020 3405 0205
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 Angus MacSween
------------------------------ ---------------------------------
2. Reason for the notification
-----------------------------------------------------------------
a. Position/status CEO - Director
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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 Ordinary Shares of 1p each
the
Financial instrument,
type GB0004281639
of instrument
Identification
code
------------------------------ ---------------------------------
b. Nature of the Grant of SAYE share options
transaction
------------------------------ ---------------------------------
c. Price(s) and volume(s) Exercise Price(s) Volume(s)
324.0p 2,777
----------
------------------------------ ---------------------------------
d. Aggregated information N/A - single transaction
* Aggregated volume
* Price
------------------------------ ---------------------------------
e. Date of the transaction 1 November 2018
------------------------------ ---------------------------------
f. Place of the transaction Outside a trading venue
------------------------------ ---------------------------------
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
MSCUWASRKVAOUAR
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