REG - Iomart Group PLC - Launch of 2020 SAYE Scheme

iomartAnnouncement

01/10/2020 15:20

RNS Number : 8611A
  
Iomart Group PLC
  
01 October 2020
  
 

1 October 2020
iomart Group plc
("iomart" or the "Group" or the "Company")



Launch of 2020 SAYE Scheme

 
iomart Group Plc, the cloud computing company, is pleased to announce that 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 276.0 pence, a 20 per cent. discount to the closing middle market price of the Company's Ordinary Shares on 13 August 2020, the trading day before the invitation to participate was made. The options have a contract start date of 1 October 2020 and are exercisable between 1 October 2023 and 31 March 2024.
 
A total of 107 employees elected to participate, and pursuant to these elections a total of 271,993 options over Ordinary Shares were issued, equating to 0.25 per cent. of the issued share capital at 1 October 2020.
 
Two of the Directors of the Company, detailed below, elected to participate in the SAYE scheme and are included in the total figures above.
 
As a result of this option grant, these Directors' interests in Ordinary Shares are as follows:
 




Director


Options granted over Ordinary Shares under 2020 SAYE scheme


Total interest held under option


% of issued share capital




Reece Donovan


6,521


327,950


0.30%




Scott Cunningham


6,521


291,662


0.27%




 

 




iomart Group plc         


Tel: 0141 931 6400




Reece Donovan, Chief Executive Officer


           




Scott Cunningham, Chief Financial Officer


 




 


 




Peel Hunt LLP (Nominated Adviser and Broker)


Tel: 020 7418 8900




Edward Knight, Edward Allsopp, Nick Prowting


 




 


 




Investec Bank PLC (Joint Broker)


Tel: 020 7597 4000




Patrick Robb, Virginia Bull, Sebastian Lawrence


 




 


 




Alma PR


Tel: 020 3405 0212




Caroline Forde, Helena Bogle


 




 


 




 
The notifications 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


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


Ordinary Shares of 1p each
 
 
GB0004281639




b.          


Nature of the transaction


Options granted under SAYE scheme
 




c.          


Price(s) and volume(s)


 




Exercise Price(s)
 


Volume(s)




276.0p


6,521




 




d.          


Aggregated information
·      Aggregated volume
·      Price
 


 
6,521 shares
 
n/a
 




e.          


Date of the transaction


1 October 2020




f.          


Place of the transaction


Outside a trading venue




 




5.         


Details of the person discharging managerial responsibilities / person closely associated




a.          


Name


Scott Cunningham




6.          


Reason for the notification




a.          


Position/status


Chief Financial Officer 




b.          


Initial notification
/Amendment


Initial notification




7.          


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a.         


Name


iomart Group plc




b.         


LEI


213800MME6X5NGP7NC68




8.          


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


Options granted under SAYE scheme
 




c.          


Price(s) and volume(s)


 




Exercise Price(s)
 


Volume(s)




276.0p


6,521




 




d.          


Aggregated information
·      Aggregated volume
·      Price
 


 
6,521 shares
 
n/a
 




e.          


Date of the transaction


1 October 2020




f.          


Place of the transaction


Outside a trading venue




 

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