Launch of 2015 SAYE Scheme

RNS Number : 8348V

Iomart Group PLC

12 August 2015

 



12 August 2015

iomart Group plc

("iomart" or the "Group" or the "Company")

Launch of 2015 SAYE Scheme

iomart Group Plc, the cloud computing company, is pleased to announce that it has today launched a Save As You Earn ('SAYE') share scheme for all employees, under which employees have been offered the opportunity to participate in the future growth of the Company via share option arrangements.

Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ('Ordinary Shares') with an exercise price of 194.8 pence, a 20 per cent. discount to the closing middle market price of the Company's Ordinary Shares on 16 July 2015, the trading day before the invitation to participate was made. The options have a contract start date of 1 October 2015 and are exercisable between 1 October 2018 and 31 March 2019.

A total of 69 employees elected to participate, and pursuant to these elections a total of 225,764 options over Ordinary Shares have been issued, equating to 0.21 per cent. of the current issued share capital.

Several Directors of the Company, detailed below, have elected to participate in the SAYE scheme and are included in the total figures above.

As a result of this option grant, the Directors' interests in Ordinary Shares are as follows:

Director	Options granted over Ordinary Shares under 2015 SAYE scheme	Total interest held under option	% of issued share capital
Angus MacSween	4,620	509,812	0.47%
Sarah Haran	4,620	418,350	0.39%
Richard Logan	4,620	399,897	0.37%
Ian Ritchie	4,620	9,322	0.01%

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
Newgate	Tel: [phone]
Adam Lloyd
Bob Huxford Ed Treadwell Robyn McConnachie

 

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