Company Announcements

Grant of Awards to Directors

Source: RNS
RNS Number : 8291K
Iomart Group PLC
09 May 2022
 

 

9 May 2022

iomart Group plc

(the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM) the cloud computing company, announces that, on 9 May 2022, 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, 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 2025.

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

Reece Donovan

172,413

423,852

0.39%

Scott Cunningham

127,980

361,739

0.33%

Total              

300,393

785,591

0.71%

 

 

iomart Group plc

Tel: 0141 931 6400

Reece Donovan, Chief Executive

 

Scott Cunningham, Chief Financial Officer

 

 

 

 

 

Peel Hunt LLP (Nominated Adviser and Broker)

Tel: 020 7418 8900

Edward Knight, Paul Gillam, James Smith

 


 

 

 

Investec Bank Plc (Joint Broker)

Tel: 020 7597 4000

Patrick Robb, Virginia Bull, Sebastian Lawrence

 


 

 

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

/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 172,413 Ordinary Shares under the iomart Group plc Performance Share Plan 2020

c.           

Price(s) and volume(s)

 

Exercise Price(s)

 

Volume(s)

1p

172,413

 

d.           

Aggregated information

·Aggregated volume

·Price

 

 

n/a single transaction

 

 

 

e.         

Date of the transaction

9 May 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

/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 127,980 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 

c.         

Price(s) and volume(s)

 

Exercise Price(s)

 

Volume(s)

1p

127,980

 

d.         

Aggregated information

·Aggregated volume

·Price

 

 

n/a single transaction

 

 

e.         

Date of the transaction

9 May 2022

f.         

Place of the transaction

Outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFLFFSETIAIIF