REG - Iomart Group PLC - 2018 SAYE Scheme and PDMR Interests

iomartAnnouncement

28/03/2019 14:25

RNS Number : 3641U
Iomart Group PLC
28 March 2019
 


28 March 2019
iomart Group plc
("iomart" or the "Group" or the "Company")
 
2018 SAYE Scheme and PDMR Interests
 
iomart Group Plc, the cloud computing company, is pleased to announce that during the year it launched a Save As You Earn ('SAYE') share scheme for all employees, under which employees were 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 324.0 pence, a 20 per cent. discount to the closing middle market price of the Company's Ordinary Shares on 31 August 2018, the trading day before the invitation to participate was made. The options have a contract start date of 1 November 2018 and are exercisable between 1 November 2021 and 1 May 2022.
A total of 90 employees elected to participate, and pursuant to these elections a total of 186,810 options over Ordinary Shares were issued, equating to 0.17 per cent. of the current issued share capital.
One Director of the Company, detailed below, elected to participate in the SAYE scheme and is included in the total figures above.
As a result of this option grant, the Director's interest in Ordinary Shares under option is as follows:



Name of Director


Options granted over Ordinary Shares under 2018 SAYE scheme


Total interest held under option


% of issued  share capital




Angus MacSween


2,777


1,011,195


0.93%



 



iomart Group plc


Tel: 0141 931 6400




Angus MacSween, Chief Executive








Scott Cunningham, Chief Financial Officer




























Peel Hunt LLP (Nominated Adviser and Broker)


Tel: 020 7418 8900




Peter Stewart

Edward Knight








Nick Prowting


















Alma PR (Financial PR)


Tel: 020 3405 0205




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


CEO - Director




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


Ordinary Shares of 1p each
 
 
GB0004281639




b.         


Nature of the transaction


Grant of SAYE share options
 




c.         


Price(s) and volume(s)


 



Exercise Price(s)
 


Volume(s)




324.0p


2,777








d.         


Aggregated information
·      Aggregated volume
·      Price
 


 
N/A - single transaction
 




e.         


Date of the transaction


1 November 2018




f.         


Place of the transaction


Outside a trading venue



 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCUWASRKVAOUAR