Iomart Group PLC Grant of Options to Directors (9701W)
April 21 2023 - 2:00AM
UK Regulatory
TIDMIOM
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 Total number Percentage of
granted on 20 of options over issued share
April 2023 over Ordinary Shares capital under
Ordinary Shares option
pursuant to 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 Tel: 020 7597 4000
Broker)
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 Options over ordinary shares of 1p each
of the ("Ordinary Shares")
Financial instrument,
type
of instrument ISIN: GB0004281639
Identification
code
------------------------------ -----------------------------------------------
b. Nature of the Grant of options over 253,477 Ordinary
transaction Shares under the iomart Group plc Performance
Share Plan 2020
------------------------------ -----------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
1p 253,477
----------
------------------------------ -----------------------------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
------------------------------ -----------------------------------------------
e. Date of the 20 April 2023
transaction
------------------------------ -----------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------ -----------------------------------------------
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 Options over ordinary shares of 1p each
of the ("Ordinary Shares")
Financial instrument,
type
of instrument ISIN: GB0004281639
Identification
code
------------------------------ -----------------------------------------------
b. Nature of the Grant of options over 189,600 Ordinary
transaction Shares under the iomart Group plc Performance
Share Plan 2020
------------------------------ -----------------------------------------------
c. Price(s) and Exercise Volume(s)
volume(s) Price(s)
1p 189,600
----------
------------------------------ -----------------------------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
------------------------------ -----------------------------------------------
e. Date of the 20 April 2023
transaction
------------------------------ -----------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------ -----------------------------------------------
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END
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