Last checked at 28 Aug 2015 12:43
28 August 2015
iomart Group plc
(the "Company")
Grant of Awards to Directors
iomart Group plc (AIM: IOM) the cloud computing company, today announces that the Remuneration Committee has agreed to grant options to the Executive Directors 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 in the Company and are exercisable at an exercise price of 1p and they will be awarded in respect of the March 2018 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 under the Scheme is 348,385. The following table sets out the details of the options that have been issued to Directors:
Name of Director | Number of options granted over ordinary shares | Total number of options over ordinary shares | Percentage of issued shares under option |
Angus MacSween | 175,575 | 685,387 | 0.64% |
Richard Logan | 87,557 | 487,454 | 0.46% |
Sarah Haran | 85,253 | 503,603 | 0.47% |
Total | 348,385 | 1,676,444 | 1.57% |
iomart Group plc | Tel: 0141 931 6400 |
Angus MacSween, Chief Executive | |
Richard Logan, Finance Director | |
Peel Hunt LLP (Nominated Adviser and Broker) | Tel: 020 7418 8900 |
Richard Kauffer | |
Euan Brown George Huntley | |
Newgate |
Tel: 020 7653 9850 |
Adam Lloyd | |
Bob Huxford Ed Treadwell Robyn McConnachie |