Grant of Options to Directors
Summary by AI BETAClose X
27 October 2025
iomart Group plc
(the "Company")
Grant of Options to Directors
iomart Group plc (AIM: IOM) the secure cloud services company, announces that, on 24 October 2025 the Remuneration Committee granted options over ordinary shares of 1p each in the Company ("Ordinary Shares") to: (i) Richard Last (Executive Chair) under the rules of a Share Option Agreement entered into with him on 25 October 2025; and (ii) Scott Cunningham (CFO) under the rules of the Company's Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023 and 11 April 2024 (together the "Plans").
The options granted under the Plans have an exercise price of 1p each and will vest on 24 October 2028 based on certain performance conditions.
These options, together with other options granted to Executive and Senior Management under a long term incentive plan and other share plans on the same date, and which similarly vest on 24 October 2028, result in an additional shareholder dilution of 5.23% which is within our existing levels of authority.
The following table sets out the interest of each director in options over Ordinary Shares:
|
Name of Director |
Number of options granted on 24 October 2025 over Ordinary Shares pursuant to the Plans |
Total number of options over Ordinary Shares held |
Percentage of issued share capital under option |
|
Richard Last |
500,000 |
500,000 |
0.44% |
|
Scott Cunningham |
1,000,000 |
1,000,000 |
0.89% |
|
Total |
1,500,000 |
1,500,000 |
1.33% |
|
iomart Group plc |
Tel: 0141 931 6400 |
|
Richard Last, Executive Chair |
|
|
Scott Cunningham, Chief Financial Officer |
|
|
|
|
|
|
|
|
|
|
|
Investec Bank Plc (Nominated Adviser and Broker) |
Tel: 020 7597 4000 |
|
Patrick Robb, Virginia Bull |
|
|
|
|
|
Alma Strategic Communications |
Tel: 020 3405 0205 |
|
Caroline Forde, Hilary Buchanan, Louisa El-Ahwal |
|
|
|
|
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a. |
Name |
Richard Last |
||||
|
2. |
Reason for the notification |
|||||
|
a. |
Position/status |
Executive Chair |
||||
|
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 500,000 Ordinary Shares rules of a Share Option Agreement entered into with Richard on 24 October 2025 |
||||
|
c. |
Price(s) and volume(s) |
|
||||
|
d. |
Aggregated information ·Aggregated volume ·Price
|
n/a single transaction
|
||||
|
e. |
Date of the transaction |
24 October 2025, |
||||
|
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 1,000,000 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023 and 11 April 2024 |
||||
|
c. |
Price(s) and volume(s) |
|
||||
|
d. |
Aggregated information ·Aggregated volume ·Price
|
n/a single transaction
|
||||
|
e. |
Date of the transaction |
24 October 2025, |
||||
|
f. |
Place of the transaction |
Outside a trading venue |
||||
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