Grant of Options

RNS Number : 6196S

Iomart Group PLC

25 September 2014

 



iomart Group plc

Grant of Awards to Directors under Long-Term Incentive Plan

iomart Group plc (AIM: IOM) the cloud computing company (hereafter the "Company"), today announces that the Remuneration Committee has agreed to grant options to the Company Directors under the rules of the Company's Unapproved Share Option Scheme 2013 (hereafter 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. 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 257,560. 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	117,480	500,490	0.47%
Richard Logan	72,080	390,575	0.36%
Sarah Haran	68,000	409,028	0.38%
Total	257,560	1,300,093	1.21%

For further information please contact:

Bruce Hall, Company Secretary
iomart Group plc
[phone]
www.iomart.com

 

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