REG - Iomart Group PLC - Grant of Options to Directors

iomartAnnouncement

21/04/2023 07:00

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RNS Number : 9701W  Iomart Group PLC  21 April 2023

21 April 2023

iomart Group plc

(the "Company")

Grant of Options to Directors

iomart Group plc (AIM: IOM) the cloud computing company, announces that, on 20
April 2023, 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 and 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 2026.

The following table sets out the interest of each director 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
 Reece Donovan                      253,477                                                                      677,329                                       0.61%
 Scott Cunningham                   189,600                                                                      489,164                                       0.44%
 Total                              443,077                                                                      1,166,493                                     1.06%

 

 

 iomart Group plc                                  Tel: 0141 931 6400
 Reece Donovan, Chief Executive
 Scott Cunningham, Chief Financial Officer

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

 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 253,477 Ordinary Shares under the iomart Group plc
                                                                     Performance Share Plan 2020
 c.                        Price(s) and volume(s)

Exercise Price(s)  Volume(s)

                                                                     1p                 253,477

 
 d.                        Aggregated information

                           ·Aggregated volume                        n/a single transaction

                           ·Price

 e.                        Date of the transaction                   20 April 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

20 April 2023

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 189,600 Ordinary Shares under the iomart Group plc
                                                                 Performance Share Plan 2020
 c.                    Price(s) and volume(s)

Exercise Price(s)  Volume(s)

                                                                 1p                 189,600

 
 d.                    Aggregated information

                       ·Aggregated volume                        n/a single transaction

                       ·Price

 e.                    Date of the transaction                   20 April 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

20 April 2023

f.

Place of the transaction

Outside a trading venue

 

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