1 March 2022
iomart Group plc
("iomart", the "Group" or the "Company")
Launch of 2022 SAYE Scheme
iomart Group Plc, the cloud computing company, is pleased to announce that it has launched a Save As You Earn ('SAYE') share scheme for all employees, under which employees have been offered the opportunity to participate in the future growth of the Company via share option arrangements.
Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ('Ordinary Shares') with an exercise price of 128.0 pence, a 20 per cent. discount to the closing middle market price of the Company's Ordinary Shares on 21 January 2022, the trading day before the invitation to participate was made. The options have a contract start date of 1 March 2022 and are exercisable between 1 March 2025 and 31 August 2025.
A total of 112 employees elected to participate, and pursuant to these elections a total of 689,806 options over Ordinary Shares were issued, equating to 0.63 per cent. of the issued share capital at 1 March 2022.
Two of the Directors of the Company, detailed below, elected to participate in the SAYE scheme and are included in the total figures above.
As a result of this option grant, these Directors' interests in Ordinary Shares are as follows:
Director | Options granted over Ordinary Shares under 2022 SAYE scheme | Total interest held under option | % of issued share capital |
Reece Donovan | 14,062 | 331,796 | 0.30% |
Scott Cunningham | 14,062 | 282,261 | 0.26% |
For further information:
iomart Group plc |
Tel: 0141 931 6400 |
Reece Donovan, Chief Executive Officer |
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Scott Cunningham, Chief Financial Officer |
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Peel Hunt LLP (Nominated Adviser and Joint Broker) | Tel: 020 7418 8900 |
Edward Knight, Paul Gillam, James Smith |
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Investec Bank PLC (Joint Broker) | Tel: 020 7597 4000 |
Patrick Robb, Virginia Bull, Sebastian Lawrence |
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Alma PR | Tel: 020 3405 0205 |
Caroline Forde, Hilary Buchanan, Joe Pederzolli |
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The notifications set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Reece Donovan | ||||
2. | Reason for the notification | |||||
a. | Position/status | Chief Executive Officer | ||||
b. | Initial notification /Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a. | Name | iomart Group plc | ||||
b. | LEI | 213800MME6X5NGP7NC68 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a. | Description of the Financial instrument, type of instrument Identification code | Ordinary Shares of 1p each
GB0004281639 | ||||
b. | Nature of the transaction | Options granted under SAYE scheme
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c. | Price(s) and volume(s) |
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d. | Aggregated information ·Aggregated ·Price
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£17,999.36
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e. | Date of the transaction | 1 March 2022 | ||||
f. | Place of the transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Scott Cunningham | ||||
2. | Reason for the notification | |||||
a. | Position/status | Chief Financial Officer | ||||
b. | Initial notification /Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a. | Name | iomart Group plc | ||||
b. | LEI | 213800MME6X5NGP7NC68 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a. | Description of the Financial instrument, type of instrument Identification code | Ordinary Shares of 1p each
GB0004281639 | ||||
b. | Nature of the transaction | Options granted under SAYE scheme
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c. | Price(s) and volume(s) |
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d. | Aggregated information ·Aggregated ·Price
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£17,999.36
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e. | Date of the transaction | 1 March 2022 | ||||
f. | Place of the transaction | Outside a trading venue | ||||
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