RNS Number : 4764N
Iomart Group PLC
08 May 2024
 

8 May 2024

iomart Group plc

(the "Company")

Grant of Options to Directors

iomart Group plc (AIM: IOM) the secure cloud services company, announces that, on 7 May 2024, the Remuneration Committee granted options over the ordinary shares of 1p each in the Company ("Ordinary Shares") to Lucy Dimes (CEO & Chair) and Scott Cunningham (CFO) under the rules of the Company's Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023 and 11 April 2024 (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 Lucy Dimes and Scott Cunningham are based on certain performance obligations having been met during the three-year period up until 31 March 2027.

The following table sets out the interest of each director in options over the Ordinary shares:

Name of Director   

Number of options granted on 7 May 2024 over Ordinary Shares pursuant to the Plan

Total number of options over Ordinary Shares

Percentage of issued share capital under option

Lucy Dimes

423,664

1,051,705

0.94%

Scott Cunningham

297,710

753,405

0.67%

Total              

721,374

1,805,110

1.61%

 

 

iomart Group plc

Tel: 0141 931 6400

Lucy Dimes, Chief Executive & Chair

 

Scott Cunningham, Chief Financial Officer

 

 

 

 

 


 

Investec Bank Plc (Nominated Adviser and Broker)

Tel: 020 7597 4000

Patrick Robb, Virginia Bull

 

 

Alma Strategic Communications

 

Tel: 020 3405 0205

Caroline Forde, Hilary Buchanan, Kinvara Verdon

 



 

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 & Chair

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 423,664 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023 and 11 April 2024

c.           

Price(s) and volume(s)

 

Exercise Price(s)

 

Volume(s)

1p

423,664

 

d.           

Aggregated information

·Aggregated volume

·Price

 

 

n/a single transaction

 

 

 

e.         

Date of the transaction

7 May 2024

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 297,710 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023 and 11 April 2024

c.         

Price(s) and volume(s)

 

Exercise Price(s)

 

Volume(s)

1p

297,710

 

d.         

Aggregated information

·Aggregated volume

·Price

 

 

n/a single transaction

 

 

e.         

Date of the transaction

7 May 2024

f.         

Place of the transaction

Outside a trading venue

 

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