IOMART GROUP PLC RNS Number : 0256U
Iomart Group PLC
04 April 2016
4 April 2016
iomart Group plc
(the 'Company')
Grant of Awards to Directors
iomart Group plc (AIM: IOM), the cloud computing company, today announces that on 1(st) 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 2019 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 279,243. The following table sets out the details of the options that have been issued to Directors:
Name of Director Number of Total number Percentage
options granted of options of issued
over ordinary over ordinary shares under
shares shares option
---------------------- --------------------- ------------------- ------------------
Angus MacSween 134,281 819,668 0.77%
---------------------- --------------------- ------------------- ------------------
Richard Logan 72,481 509,935 0.48%
---------------------- --------------------- ------------------- ------------------
Sarah Haran 72,481 576,084 0.54%
---------------------- --------------------- ------------------- ------------------
Total 279,243 1,905,687 1.79%
---------------------- --------------------- ------------------- ------------------
iomart Group plc Tel: 0141 931
6400
Angus MacSween, Chief Executive
Richard Logan, Finance Director
Peel Hunt LLP (Nominated Adviser Tel: 020 7418
and Broker) 8900
Richard Kauffer
Euan Brown
Alma PR Tel: 020 8004
4218
Caroline Forde
Hilary Buchanan
This information is provided by RNS
The company news service from the London Stock Exchange
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April 04, 2016 03:54 ET (07:54 GMT)
Iomart Group plc issued this content on 04 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 April 2016 08:46:26 UTC
Original Document: https://www.iomart.com/investors/securities-information/regulatory-news?id=http://corp2.advfn.com/index.php?pid=rns&compId=17&articleId=70981601
