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
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(END) Dow Jones Newswires
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.
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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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