Grant of Awards to Director

RNS Number : 9153Z
Iomart Group PLC
05 September 2018
 

 

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)

 

Exercise Price(s)

 

Volume(s)

1p

140,329

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHLLFERARIEIIT

Companies

Iomart Group (IOM)
UK 100

Latest directors dealings