REG - Iomart Group PLC - Grant of Awards to Directors
RNS Number : 1082JIomart Group PLC07 April 2020
7 April 2020
iomart Group plc
(the "Company")
Grant of Awards to Directors
iomart Group plc (AIM: IOM) the cloud computing company, announces that, on 6 April 2020, the Remuneration Committee granted options over the ordinary shares of 1p each in the Company ("Ordinary Shares") to Angus MacSween (CEO), Scott Cunningham (CFO) and Reece Donovan (COO) 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 and are subject to financial performance conditions. The performance conditions for Angus MacSween and Scott Cunningham are based on the Company's Full Year results to 31 March 2023 and the performance conditions for Reece Donovan are based on the Company's Full Year results to 31 March 2021, 31 March 2022 and 31 March 2023.
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
Angus MacSween
130,688
1,257,882
1.15%
Scott Cunningham
80,143
285,141
0.26%
Reece Donovan
321,429
321,429
0.29%
Total
532,260
1,864,452
1.70%
iomart Group plc
Tel: 0141 931 6400
Angus MacSween, Chief Executive
Scott Cunningham, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker)
Tel: 020 7418 8900
Edward Knight
Edward Allsopp
Nick Prowting
Alma PR
Tel: 020 3405 0212
Caroline Forde
Hilary Buchanan
Helena Bogle
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Angus MacSween
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
Options over ordinary shares of 1p each ("Ordinary Shares")
ISIN: GB0004281639
b.
Nature of the transaction
Grant of options over 130,688 Ordinary Shares under the iomart Group plc Performance Share Plan 2020
c.
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
1p
130,688
d.
Aggregated information
·Aggregated volume
·Price
n/a single transaction
e.
Date of the transaction
6 April 2020
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
/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
Options over ordinary shares of 1p each ("Ordinary Shares")
ISIN: GB0004281639
b.
Nature of the transaction
Grant of options over 80,143 Ordinary Shares under the iomart Group plc Performance Share Plan 2020
c.
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
1p
80,143
d.
Aggregated information
·Aggregated volume
·Price
n/a single transaction
e.
Date of the transaction
6 April 2020
f.
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Reece Donovan
2.
Reason for the notification
a.
Position/status
Chief Operating 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
Options over ordinary shares of 1p each ("Ordinary Shares")
ISIN: GB0004281639
b.
Nature of the transaction
Grant of options over 321,429 Ordinary Shares under the iomart Group plc Performance Share Plan 2020
c.
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
1p
321,429
d.
Aggregated information
·Aggregated volume
·Price
n/a single transaction
e.
Date of the transaction
6 April 2020
f.
Place of the transaction
Outside a trading venue
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