25 Aug 2016 17:50
25 August 2016
iomart Group plc
("iomart" or the "Company")
Grant of Awards to Directors
iomart Group plc (AIM: IOM), the cloud computing company, today announces that on 24th August 2016 the Remuneration Committee agreed to grant options to two 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 2019 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 10,957. 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 |
Richard Logan | 7,428 | 517,363 | 0.48% |
Sarah Haran | 3,529 | 577,706 | 0.54% |
Total | 10,957 | 1,095,069 | 1.02% |
For further information:
iomart Group plc | Tel. 0141 931 6400 |
Angus MacSween, Chief Executive | |
Richard Logan, Finance Director
| |
Peel Hunt (Nominated Adviser and Broker) | Tel. 020 7418 8900 |
Richard Kauffer | |
Euan Brown
| |
Alma PR | Tel. 020 8004 4218 |
Caroline Forde | |
Hilary Buchanan | |
Iomart (IOM)