Last checked at 5 Sep 2018 17:57
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 granted over Ordinary Shares | Total number of options over Ordinary Shares | Percentage of issued 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 Broker) | Tel: 020 7418 8900 |
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 /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 | Options over ordinary shares of 1p each
ISIN: GB0004281639 | ||||
b. | Nature of the transaction | Grant of options over 140,329 Ordinary Shares under the iomart Group plc Unapproved Share Option Scheme 2013 | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price
|
140,329
1p
| ||||
e. | Date of the transaction | 4 September 2018 | ||||
f. | Place of the transaction | Outside a trading venue | ||||