THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
18 September, 2023
iomart Group plc
("iomart" or the "Group" or the "Company")
The Board of iomart (AIM: IOM), the cloud computing company, announces that Reece Donovan will be stepping down as Chief Executive Officer and leaving the Company with immediate effect. Reece joined the Board as Chief Operating Officer in March 2020 and became Chief Executive Officer in September 2020.
The Board would like to thank Reece for all his work in transitioning the business through the COVID-19 pandemic and energy crisis while helping to reposition iomart's managed service offering within the broader hybrid cloud marketplace.
Lucy Dimes, Executive Chair, will become Chief Executive Officer on a full-time basis, with immediate effect. A search for a new Chair will commence in due course.
The Company will announce its scheduled Trading Update for the 6 months ended 30 September 2023 in October 2023.
For further information:
iomart Group plc
Tel: 0141 931 6400
Lucy Dimes, Chief Executive Officer and Chair
Scott Cunningham, Chief Financial Officer
Investec Bank PLC (Nominated Adviser & Broker)
Tel: 020 7597 4000
Patrick Robb, Virginia Bull, Nick Prowting
Tel: 020 3405 0205
Caroline Forde, Hilary Buchanan, Joe Pederzolli
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended). This announcement is issued on behalf of the Company by Scott Cunningham, Chief Financial Officer.
About iomart Group plc
iomart Group plc (AIM: IOM) is a cloud computing and IT managed services business providing hybrid cloud infrastructure, network connectivity, security, and digital workplace capability. Our mission is simple: to make our customers unstoppable by enabling them to connect, secure and scale anywhere, anytime. From our portfolio of data centres we own and operate across the UK to connected sites around the world, our 470-strong team can design and deploy the right cloud solution for our customers.
For further information about the Group, please visit www.iomart.com