Last checked at 28 Mar 2019 14:24
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 over Ordinary Shares under 2018 SAYE scheme | Total interest held under option | % of issued share capital |
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 StewartEdward 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 | ||||
b. | Initial notification /Amendment | Initial notification | ||||
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 the Financial instrument, type of instrument Identification code | Ordinary Shares of 1p each
GB0004281639 | ||||
b. | Nature of the transaction | Grant of SAYE share options
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c. | Price(s) and volume(s) |
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d. | Aggregated information · Aggregated volume · Price
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N/A - single transaction
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e. | Date of the transaction | 1 November 2018 | ||||
f. | Place of the transaction | Outside a trading venue | ||||