Last checked at 7 Dec 2015 14:04
iomart Group plc
("iomart" or the "Company")
Exercise of Options, Director's Shareholding and Total Voting Rights
iomart (AIM:IOM), the cloud computing company, has today been notified that Richard Logan, Finance Director of the Company, exercised 50,000 options over Ordinary Shares of 1.0 pence each at an exercise price of 74.0 pence per share on 02 December 2015. Mr. Logan has sold the resulting 50,000 Ordinary Shares over the period to 07 December at an average price of 270.4 pence per share. In addition, over the same period, his wife sold 12,000 Ordinary Shares at an average price of 265.5 pence per share.
Following this transaction, Richard Logan's beneficial interest is 969,393 Ordinary Shares representing 0.91 per cent. of the voting rights in the Company.
To satisfy this exercise of options, iomart announces that it has issued 50,000 (0.05 per cent) iomart Ordinary Shares out of treasury.
As a result of the above, the total number of ordinary shares of 1 pence each of iomart Group plc as at the date of this notice is 107,803,006. There are 140,773 ordinary shares in the iomart Group plc Employee Benefit Trust and the Company holds 846,636 of its ordinary shares in treasury.
Therefore, the total number of voting rights in iomart Group plc is 106,815,597.
The above figure of 106,815,597 shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, iomart Group plc, under the Disclosures and Transparency Rules.
For further information:
iomart Group plc | Tel. 0141 931 6400 |
Angus MacSween, Chief Executive | |
Richard Logan, Finance Director
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Peel Hunt (Nominated Adviser and Broker) | Tel. 0207 418 8900 |
Richard Kauffer | |
Euan Brown
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Alma PR | Tel: 020 7796 9085 |
Caroline Forde |
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Hilary Buchanan | |
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About iomart Group plc
Award winning cloud company iomart Group PLC (AIM:IOM) enables businesses and organisations to operate their online data and IT environments safely and securely. Headquartered in Glasgow, Scotland, iomart partners with leading vendors such as VMware, Amazon, EMC, Microsoft, Asigra, Arbor and Dell to offer customers a centrally managed, controlled and completely agnostic set of hybrid, private and public cloud platforms. By owning a global network and datacentre infrastructure, iomart can support any customer who wishes to move seamlessly between any and all of these platforms with a consultative level of knowledge and expertise, delivering cloud services to meet exact business needs.
For further information about the Group, please visit www.iomart.com