TIDMIOM

RNS Number : 1907I

Iomart Group PLC

25 August 2016

25 August 2016

iomart Group plc

('iomart' or the 'Company')

Grant of Awards to Directors

iomart Group plc (AIM: IOM), the cloud computing company, today announces that on 24(th) August 2016 the Remuneration Committee agreed to grant options to two 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 10,957. The following table sets out the details of the options that have been issued to Directors: 


 
 Name of Director    Number of options     Total number      Percentage 
                          granted over       of options       of issued 
                       ordinary shares    over ordinary    shares under 
                                                 shares          option 
------------------  ------------------  ---------------  -------------- 
 Richard Logan                   7,428          517,363           0.48% 
------------------  ------------------  ---------------  -------------- 
 Sarah Haran                     3,529          577,706           0.54% 
------------------  ------------------  ---------------  -------------- 
 Total                          10,957        1,095,069           1.02% 
------------------  ------------------  ---------------  --------------

For further information: 


 
 iomart Group plc                  Tel. 0141 
                                    931 6400 
 Angus MacSween, Chief Executive 
 Richard Logan, Finance Director 
 
 Peel Hunt (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

END

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August 25, 2016 12:50 ET (16:50 GMT)

Iomart Group plc published this content on 25 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 August 2016 16:59:06 UTC.

Original documenthttps://www.iomart.com/investors/securities-information/regulatory-news?id=http://corp2.advfn.com/index.php?pid=rns&compId=17&articleId=72291815

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