REG - Iomart Group PLC - Grant of Awards to Directors

iomartAnnouncement

07/11/2023 11:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231107:nRSG6644Sa&default-theme=true

RNS Number : 6644S  Iomart Group PLC  07 November 2023

 

7 November 2023

iomart Group plc

(the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM) the cloud computing company, announces that, on 6
November 2023, the Remuneration Committee granted options over the ordinary
shares of 1p each in the Company ("Ordinary Shares") to Lucy Dimes (CEO) under
the rules of the Company's Performance Share Plan 2020 as amended by the
Remuneration Committee on 20 October 2023 (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 Lucy Dimes are based on certain performance
obligations having been met during the period up until 31 March 2026.

The following table sets out the interest of Lucy Dimes in options over the
Ordinary shares:

 Name of Director        Number of options granted on 20 April 2023 over Ordinary Shares pursuant to  Total number of options over Ordinary Shares  Percentage of issued share capital under option
                         the Plan
 Lucy Dimes              612,583                                                                      612,583                                       0.55%

 

 

 iomart Group plc                                  Tel: 0141 931 6400
 Lucy Dimes, Chief Executive Officer
 Scott Cunningham, Chief Financial Officer

 Investec Bank Plc (Nominated Adviser and Broker)  Tel: 020 7597 4000
 Patrick Robb, Virginia Bull, Nick Prowting

 Alma                                              Tel: 020 3405 0205
 Caroline Forde, Hilary Buchanan, Joe Pederzolli

 

 

 1.                        Details of the person discharging managerial responsibilities / person closely
                           associated
 a.                        Name                                      Lucy Dimes
 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 612,583 Ordinary Shares under the iomart Group plc
                                                                     Performance Share Plan 2020 as amended by the Remuneration Committee on 20
                                                                     October 2023
 c.                        Price(s) and volume(s)

Exercise Price(s)  Volume(s)

                                                                     1p                 612,583

 
 d.                        Aggregated information

                           ·Aggregated volume                        n/a single transaction

                           ·Price

 e.                        Date of the transaction                   6 November 2023
 f.                        Place of the transaction                  Outside a trading venue

 

d.

Aggregated information

·Aggregated volume

·Price

 

 

n/a single transaction

 

 

 

e.

Date of the transaction

6 November 2023

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFLFLLLALDIIV