REG - Iomart Group PLC - Grant of Awards to Directors

iomartAnnouncement

09/05/2022 15:45

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RNS Number : 8291K  Iomart Group PLC  09 May 2022

 

9 May 2022

iomart Group plc

(the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM) the cloud computing company, announces that, on 9
May 2022, 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.

The performance conditions for Reece Donovan and Scott Cunningham are based on
certain performance obligations having been met during the three-year period
up until 31 March 2025.

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                      172,413                                                              423,852                                       0.39%
 Scott Cunningham                   127,980                                                              361,739                                       0.33%
 Total                              300,393                                                              785,591                                       0.71%

 

 

 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, 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

 

 

 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 of the                        Options over ordinary shares of 1p each ("Ordinary Shares")

                           Financial instrument, type

                           of instrument

                           Identification code                       ISIN: GB0004281639
 b.                        Nature of the transaction                 Grant of options over 172,413 Ordinary Shares under the iomart Group plc
                                                                     Performance Share Plan 2020
 c.                        Price(s) and volume(s)

Exercise Price(s)  Volume(s)

                                                                     1p                 172,413

 
 d.                        Aggregated information

                           ·Aggregated volume                        n/a single transaction

                           ·Price

 e.                        Date of the transaction                   9 May 2022
 f.                        Place of the transaction                  Outside a trading venue

 

d.

Aggregated information

·Aggregated volume

·Price

 

 

n/a single transaction

 

 

 

e.

Date of the transaction

9 May 2022

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                      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 of the                        Options over ordinary shares of 1p each ("Ordinary Shares")

                       Financial instrument, type

                       of instrument

                       Identification code                       ISIN: GB0004281639
 b.                    Nature of the transaction                 Grant of options over 127,980 Ordinary Shares under the iomart Group plc
                                                                 Performance Share Plan 2020
 c.                    Price(s) and volume(s)

Exercise Price(s)  Volume(s)

                                                                 1p                 127,980

 
 d.                    Aggregated information

                       ·Aggregated volume                        n/a single transaction

                       ·Price

 e.                    Date of the transaction                   9 May 2022
 f.                    Place of the transaction                  Outside a trading venue

 

d.

Aggregated information

·Aggregated volume

·Price

 

 

n/a single transaction

 

 

e.

Date of the transaction

9 May 2022

f.

Place of the transaction

Outside a trading venue

 

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