Iomart Group (IOM)

 

LSE:IOM: Grant of Options

Iomart Group

12 Apr 2017 16:49:23

Iomart Group PLC

RNS Number : 3764C
Iomart Group PLC
12 April 2017
 

 

12 April 2017

iomart Group plc

(the "Company")

Grant of Awards to Directors

iomart Group plc (AIM: IOM) the cloud computing company, today announces that on 12th April the Remuneration Committee agreed to grant options to the Executive Directors under the rules of the Company's Unapproved Share Option Scheme 2013 (the "Scheme").

The awards of options under the Scheme are over the ordinary shares in the Company and are exercisable at an exercise price of 1p and they will be awarded in respect of the March 2020 Full Year results. The options will not vest earlier than three years from the date of grant and their award will be subject to the achievement of economic targets.

The total number of options being issued under the Scheme is 207,757. The following table sets out the details of the options that have been issued to Directors:

 

Name of Director   

Number of options granted over ordinary shares

Total number of options over ordinary shares

Percentage of issued shares under option

Angus MacSween

129,848

944,814

0.88%

Richard Logan

77,909

590,570

0.55%

Total              

207,757

1,535,384

1.43%

 

 

iomart Group plc

Tel: 0141 931 6400

Angus MacSween, Chief Executive


Richard Logan, Finance Director






Peel Hunt LLP (Nominated Adviser and Broker)

Tel: 020 7418 8900

Richard Kauffer


Euan Brown




 

Alma PR

 

Tel: 020 8004 4218

Caroline Forde

Hilary Buchanan

John Coles


Helena Bogle


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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