REG - Iomart Group PLC - Launch of 2022 SAYE Scheme

iomartAnnouncement

01/03/2022 07:16

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RNS Number : 0090D  Iomart Group PLC  01 March 2022

1 March 2022

iomart Group plc

("iomart", the "Group" or the "Company")

 

             Launch of 2022 SAYE Scheme

iomart Group Plc, the cloud computing company, is pleased to announce that it
has launched a Save As You Earn ('SAYE') share scheme for all employees, under
which employees have been 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
128.0 pence, a 20 per cent. discount to the closing middle market price of the
Company's Ordinary Shares on 21 January 2022, the trading day before the
invitation to participate was made. The options have a contract start date of
1 March 2022 and are exercisable between 1 March 2025 and 31 August 2025.

 

A total of 112 employees elected to participate, and pursuant to these
elections a total of 689,806 options over Ordinary Shares were issued,
equating to 0.63 per cent. of the issued share capital at 1 March 2022.

 

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 2022 SAYE scheme  Total interest held under option  % of issued share capital
 Reece Donovan     14,062                                                       331,796                           0.30%
 Scott Cunningham  14,062                                                       282,261                           0.26%

 

 

 

 

For further information:

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

 Peel Hunt LLP (Nominated Adviser and Joint Broker)                                    Tel: 020 7418 8900
 Edward Knight, Paul Gillam, James Smith

 Investec Bank PLC (Joint                                                              Tel: 020 7597 4000
 Broker)
 Patrick Robb, Virginia Bull, Sebastian Lawrence

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

 

 

 

 

 

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                      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                        Ordinary Shares of 1p each

                       Financial instrument, type

                       of instrument

                       Identification code                       GB0004281639
 b.                    Nature of the transaction                 Options granted under SAYE scheme

 c.                    Price(s) and volume(s)

Exercise Price(s)  Volume(s)

                                                                 128.0p             14,062

 
 d.                    Aggregated information

                       ·Aggregated                               14,062 shares

volume

                       ·Price

                                         £17,999.36

 e.                    Date of the transaction                   1 March 2022
 f.                    Place of the transaction                  Outside a trading venue

 

d.

Aggregated information

·Aggregated

volume

·Price

 

 

14,062 shares

 

£17,999.36

 

e.

Date of the transaction

1 March 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                        Ordinary Shares of 1p each

                       Financial instrument, type

                       of instrument

                       Identification code                       GB0004281639
 b.                    Nature of the transaction                 Options granted under SAYE scheme

 c.                    Price(s) and volume(s)

Exercise Price(s)  Volume(s)

                                                                 128.0p             14,062

 
 d.                    Aggregated information

                       ·Aggregated                               14,062 shares

volume

                       ·Price

                                         £17,999.36

 e.                    Date of the transaction                   1 March 2022
 f.                    Place of the transaction                  Outside a trading venue

 

d.

Aggregated information

·Aggregated

volume

·Price

 

 

14,062 shares

 

£17,999.36

 

e.

Date of the transaction

1 March 2022

f.

Place of the transaction

Outside a trading venue

 

 

 

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