Iomart Group PLC Grant of Options (0256U)
April 04 2016 - 3:54AM
UK Regulatory
TIDMIOM
RNS Number : 0256U
Iomart Group PLC
04 April 2016
4 April 2016
iomart Group plc
(the "Company")
Grant of Awards to Directors
iomart Group plc (AIM: IOM), the cloud computing company, today
announces that on 1(st) April the Remuneration Committee 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 2019 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
279,243. The following table sets out the details of the options
that have been issued to Directors:
Name of Director Number of Total number Percentage
options granted of options of issued
over ordinary over ordinary shares under
shares shares option
---------------------- --------------------- ------------------- ------------------
Angus MacSween 134,281 819,668 0.77%
---------------------- --------------------- ------------------- ------------------
Richard Logan 72,481 509,935 0.48%
---------------------- --------------------- ------------------- ------------------
Sarah Haran 72,481 576,084 0.54%
---------------------- --------------------- ------------------- ------------------
Total 279,243 1,905,687 1.79%
---------------------- --------------------- ------------------- ------------------
iomart Group plc Tel: 0141 931
6400
Angus MacSween, Chief Executive
Richard Logan, Finance Director
Peel Hunt LLP (Nominated Adviser Tel: 020 7418
and Broker) 8900
Richard Kauffer
Euan Brown
Alma PR Tel: 020 8004
4218
Caroline Forde
Hilary Buchanan
This information is provided by RNS
The company news service from the London Stock Exchange
END
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