RNS Number : 0333F
Iomart Group PLC
01 March 2024
 

1 March 2024

iomart Group plc

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

 

Launch of 2024 SAYE Scheme


 iomart Group Plc, the cloud computing company, is pleased to announce that it launched a further 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 120.0 pence, a 20 per cent. discount to the closing middle market price of the Company's Ordinary Shares on 26 January 2024, the trading day before the invitation to participate was made. The options have a contract start date of 1 March 2024 and are exercisable between 1 March 2027 and 31 August 2027.

 

A total of 64 employees elected to participate in this further scheme, and pursuant to these elections a total of 320,668 options over Ordinary Shares were issued, equating to 0.29 per cent. of the issued share capital at 1 March 2024.

 

One 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, this Director's interests in Ordinary Shares are as follows:

 

Director

Options granted over Ordinary Shares under 2024 SAYE scheme

Total interest held under option

% of issued share capital

Lucy Dimes

15,458

628,041

0.56%





 

 

 

 

For further information:

 

iomart Group plc

 

Tel: 0141 931 6400

Lucy Dimes, Chief Executive Officer


Scott Cunningham, Chief Financial Officer




Investec Bank PLC (Nominated Adviser and Broker)

Tel: 020 7597 4000

Patrick Robb, Virginia Bull, Nick Prowting

 



Alma PR

Tel: 020 3405 0205

Caroline Forde, Hilary Buchanan, Kinvara Verdon


 

 

 

 

 

 

 

The notifications set out below is provided in accordance with the requirements of the UK Market Abuse Regulation.

1.        

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

Lucy Dimes

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)

120.0p

15,458

 

d.         

Aggregated information

·Aggregated
volume

·Price

 

 


15,458 shares

 

£18,549.60

 

e.         

Date of the transaction

1 March 2024

f.         

Place of the transaction

Outside a trading venue

 

 


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