REG - Iomart Group PLC - Grant of Awards to Directors

iomartAnnouncement

28/04/2021 18:25

RNS Number : 9815W
  
Iomart Group PLC
  
28 April 2021
  
 

 
28 April 2021
iomart Group plc
(the "Company")
Grant of Awards to Directors
iomart Group plc (AIM: IOM) the cloud computing company, announces that, on 27 April 2021, the Remuneration Committee granted options over the ordinary shares of 1p each in the Company ("Ordinary Shares") to Reece Donovan (CEO) and Scott Cunningham (CFO) under the rules of the Company's Performance Share Plan 2020 (the "Plan"). 
The options granted under the Plan have an exercise price of 1p each, will not vest earlier than three years from the date of grant and are subject to financial performance conditions. The performance conditions for Reece Donovan and Scott Cunningham are based on the Company's Full Year results to 31 March 2024.
The following table sets out the number of options that have been granted to each Director: 




Name of Director    


Number of options granted over Ordinary Shares pursuant to the Plan


Total number of options over Ordinary Shares


Percentage of issued share capital under option




Reece Donovan


103,448


431,398


0.39%




Scott Cunningham


77,379


369,041


0.34%




Total               


180,827


800,439


0.73%




 
 




iomart Group plc


Tel: 0141 931 6400




Reece Donovan, Chief Executive


 




Scott Cunningham, Chief Financial Officer


 




 


 




 


 




Peel Hunt LLP (Nominated Adviser and Broker)


Tel: 020 7418 8900




Edward Knight


 




Paul Gillam
Nick Prowting


 




 


 




 


 




Investec Bank Plc (Joint Broker)


Tel: 020 7597 4000




Patrick Robb


 




Virginia Bull
Sebastian Lawrence


 




 
Alma PR


 
Tel: 020 3405 0205




Caroline Forde


 




Helena Bogle
Joe Pederzolli


 




 
 
 




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
/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 103,448 Ordinary Shares under the iomart Group plc Performance Share Plan 2020




c.           


Price(s) and volume(s)


 




Exercise Price(s)
 


Volume(s)




1p


103,448




 




d.           


Aggregated information
·Aggregated volume
·Price
 


 
n/a single transaction
 
 
 




e.         


Date of the transaction


27 April 2021




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 77,379 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 




c.         


Price(s) and volume(s)


 




Exercise Price(s)
 


Volume(s)




1p


77,379




 




d.         


Aggregated information
·Aggregated volume
·Price
 


 
n/a single transaction
 
 




e.         


Date of the transaction


27 April 2021




f.         


Place of the transaction


Outside a trading venue




 

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