Grant of Options

RNS Number : 4820X

Iomart Group PLC

28 August 2015

 



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: [phone]
Angus MacSween, Chief Executive
Richard Logan, Finance Director
Peel Hunt LLP (Nominated Adviser and Broker)	Tel: [phone]
Richard Kauffer
Euan Brown George Huntley
Newgate	Tel: [phone]
Adam Lloyd
Bob Huxford Ed Treadwell Robyn McConnachie

 

END

 

 

MSCPKFDQDBKDDFB