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 24th 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 granted over ordinary shares

Total number of options over ordinary shares

Percentage of issued shares under option

Richard Logan




Sarah Haran               










For further information:


iomart Group plc                                

Tel. 0141 931 6400

Angus MacSween, Chief Executive         

Richard Logan, Finance Director


Peel Hunt (Nominated Adviser and Broker)

Tel. 020 7418 8900

Richard Kauffer

Euan Brown


Alma PR                      

Tel. 020 8004 4218

Caroline Forde

Hilary Buchanan



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