Grant of Awards to Directors

RNS Number : 9815W
Iomart Group PLC
28 April 2021
 

 

28 April 2021

iomart Group plc

(the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM) the cloud computing company, announces that, on 27 April 2021, the Remuneration Committee granted options over the ordinary shares of 1p each in the Company ("Ordinary Shares") to Reece Donovan (CEO) and Scott Cunningham (CFO) under the rules of the Company's Performance Share Plan 2020 (the "Plan").

The options granted under the Plan have an exercise price of 1p each, will not vest earlier than three years from the date of grant and are subject to financial performance conditions. The performance conditions for Reece Donovan and Scott Cunningham are based on the Company's Full Year results to 31 March 2024.

The following table sets out the number of options that have been granted to each Director:

Name of Director 

Number of options granted over Ordinary Shares pursuant to the Plan

Total number of options over Ordinary Shares

Percentage of issued share capital under option

Reece Donovan

103,448

431,398

0.39%

Scott Cunningham

77,379

369,041

0.34%

Total 

180,827

800,439

0.73%

 

 

iomart Group plc

Tel: 0141 931 6400

Reece Donovan, Chief Executive

 

Scott Cunningham, Chief Financial Officer

 

 

 

 

 

Peel Hunt LLP (Nominated Adviser and Broker)

Tel: 020 7418 8900

Edward Knight

 

Paul Gillam

Nick Prowting

 

 

 

 

 

Investec Bank Plc (Joint Broker)

Tel: 020 7597 4000

Patrick Robb

 

Virginia Bull

Sebastian Lawrence

 

 

Alma PR

 

Tel: 020 3405 0205

Caroline Forde

 

Helena Bogle

Joe Pederzolli

 

 

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a. 

Name

Reece Donovan

2. 

Reason for the notification

a. 

Position/status

Chief Executive Officer

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 ("Ordinary Shares")

 

 

ISIN: GB0004281639

b. 

Nature of the transaction

Grant of options over 103,448 Ordinary Shares under the iomart Group plc Performance Share Plan 2020

c. 

Price(s) and volume(s)

 

Exercise Price(s)

 

Volume(s)

1p

103,448

 

d. 

Aggregated information

·Aggregated volume

·Price

 

 

n/a single transaction

 

 

 

e. 

Date of the transaction

27 April 2021

f. 

Place of the transaction

Outside a trading venue

 

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a. 

Name

Scott Cunningham

2. 

Reason for the notification

a. 

Position/status

Chief Financial Officer

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 ("Ordinary Shares")

 

 

ISIN: GB0004281639

b. 

Nature of the transaction

Grant of options over 77,379 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 

c. 

Price(s) and volume(s)

 

Exercise Price(s)

 

Volume(s)

1p

77,379

 

d. 

Aggregated information

·Aggregated volume

·Price

 

 

n/a single transaction

 

 

e. 

Date of the transaction

27 April 2021

f. 

Place of the transaction

Outside a trading venue

 

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