TIDMIOM

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 12(th) 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              Total number         Percentage 
                              options granted        of options           of issued 
                              over ordinary          over ordinary        shares under 
                              shares                 shares               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       Tel: 020 7418 
      and Broker)                            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

END

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April 12, 2017 11:49 ET (15:49 GMT)

Iomart Group plc published this content on 12 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 April 2017 15:56:01 UTC.

Original documenthttps://www.iomart.com/investors/securities-information/regulatory-news?id=http://corp2.advfn.com/index.php?pid=rns&compId=17&articleId=74329839

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