Iomart Group PLC Launch of 2022 SAYE Scheme (0090D)
March 01 2022 - 2:01AM
UK Regulatory
TIDMIOM
RNS Number : 0090D
Iomart Group PLC
01 March 2022
1 March 2022
iomart Group plc
("iomart", the "Group" or the "Company")
Launch of 2022 SAYE Scheme
iomart Group Plc, the cloud computing company, is pleased to
announce that it has 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 128.0 pence, a 20 per cent. discount to
the closing middle market price of the Company's Ordinary Shares on
21 January 2022, the trading day before the invitation to
participate was made. The options have a contract start date of 1
March 2022 and are exercisable between 1 March 2025 and 31 August
2025.
A total of 112 employees elected to participate, and pursuant to
these elections a total of 689,806 options over Ordinary Shares
were issued, equating to 0.63 per cent. of the issued share capital
at 1 March 2022.
Two of the Directors of the Company, detailed below, elected to
participate in the SAYE scheme and are included in the total
figures above.
As a result of this option grant, these Directors' interests in
Ordinary Shares are as follows:
Director Options granted Total interest % of issued
over Ordinary held under share capital
Shares under 2022 option
SAYE scheme
Reece Donovan 14,062 331,796 0.30%
Scott Cunningham 14,062 282,261 0.26%
For further information:
iomart Group plc Tel: 0141 931 6400
Reece Donovan, Chief Executive Officer
Scott Cunningham, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Joint Tel: 020 7418 8900
Broker)
Edward Knight, Paul Gillam, James Smith
Investec Bank PLC (Joint Broker) Tel: 020 7597 4000
Patrick Robb, Virginia Bull, Sebastian Lawrence
Alma PR Tel: 020 3405 0205
Caroline Forde, Hilary Buchanan, Joe Pederzolli
The notifications set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation.
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 Initial notification
/Amendment
------------------------------- ----------------------------------
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 Ordinary Shares of 1p each
of the
Financial instrument,
type GB0004281639
of instrument
Identification
code
------------------------------- ----------------------------------
b. Nature of the Options granted under SAYE scheme
transaction
------------------------------- ----------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
128.0p 14,062
----------
------------------------------- ----------------------------------
d. Aggregated information
* Aggregated volume
14,062 shares
* Price GBP17,999.36
------------------------------- ----------------------------------
e. Date of the 1 March 2022
transaction
------------------------------- ----------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------- ----------------------------------
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 Initial notification
/Amendment
------------------------------- ----------------------------------
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 Ordinary Shares of 1p each
of the
Financial instrument,
type GB0004281639
of instrument
Identification
code
------------------------------- ----------------------------------
b. Nature of the Options granted under SAYE scheme
transaction
------------------------------- ----------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
128.0p 14,062
----------
------------------------------- ----------------------------------
d. Aggregated information
* Aggregated volume
14,062 shares
* Price GBP17,999.36
------------------------------- ----------------------------------
e. Date of the 1 March 2022
transaction
------------------------------- ----------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------- ----------------------------------
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END
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