Iomart Group PLC Grant of Awards to Directors (8463J)
April 04 2018 - 10:31AM
UK Regulatory
TIDMIOM
RNS Number : 8463J
Iomart Group PLC
04 April 2018
04 April 2018
iomart Group plc
(the "Company")
Grant of Awards to Directors
iomart Group plc (AIM: IOM) the cloud computing company,
announces that on 4(th) 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, are exercisable at an exercise price of 1p
and will be awarded in respect of the March 2021 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
172,278. The following table sets out the details of the options
that have been issued to Directors:
Name of Director Number of Resultant Percentage
new options total number of issued
granted over of options shares under
ordinary shares over ordinary option
shares
---------------------- --------------------- ------------------- ------------------
Angus MacSween 107,674 1,056,048 0.98%
---------------------- --------------------- ------------------- ------------------
Richard Logan 64,604 658,734 0.61%
---------------------- --------------------- ------------------- ------------------
Total 172,278 1,714,782 1.59%
---------------------- --------------------- ------------------- ------------------
iomart Group plc Tel: 0141 931 6400
Angus MacSween
Richard Logan
Tel: 020 7418 8900
Peel Hunt LLP
(Nominated Adviser
and Broker)
Ed Knight
Nick Prowting
Tel: 020 8004 4218
Alma PR
(Financial PR)
Caroline Forde
Helena Bogle
The notification 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 Angus MacSween
------- ----------------------------- ---------------------------------------
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 Options over ordinary shares of
of the 1p each
Financial
instrument,
type ISIN: GB0004281639
of instrument
Identification
code
------- ----------------------------- ---------------------------------------
b. Nature of Grant of options over 107,674
the transaction ordinary shares under the iomart
Group plc Unapproved Share Option
Scheme 2013
------- ----------------------------- ---------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
-------------- --------------
1p 107,674
-------------- --------------
------- ----------------------------- ---------------------------------------
d. Aggregated
information n/a single transaction
* Aggregated volume
* Price
------- ----------------------------- ---------------------------------------
e. Date of the 4 April 2018
transaction
------- ----------------------------- ---------------------------------------
f. Place of the Outside a trading venue
transaction
------- ----------------------------- ---------------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
------- -------------------------------------------------------------------------
a. Name Richard Logan
------- ----------------------------- ------------------------------------------
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 Options over ordinary shares of
of the 1p each
Financial
instrument,
type ISIN: GB0004281639
of instrument
Identification
code
------- ----------------------------- ------------------------------------------
b. Nature of Grant of options over 64,604 ordinary
the transaction shares under the iomart Group
plc Unapproved Share Option Scheme
2013
------- ----------------------------- ------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
-------------- --------------
1p 64,604
-------------- --------------
------- ----------------------------- ------------------------------------------
d. Aggregated
information n/a single transaction
* Aggregated volume
* Price
------- ----------------------------- ------------------------------------------
e. Date of the 4 April 2018
transaction
------- ----------------------------- ------------------------------------------
f. Place of the Outside a trading venue
transaction
------- ----------------------------- ------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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