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iomart Group plc launched its 2024 Save As You Earn (SAYE) scheme on March 1, 2024, offering options with an exercise price of 120.0 pence. A total of 64 employees were issued options over 320,668 Ordinary Shares, representing 0.29% of the issued share capital at March 1, 2024. Director Lucy Dimes participated in the scheme, receiving options over 15,458 Ordinary Shares, which brings her total interest held under option to 628,041 shares, or 0.56% of the issued share capital.
| Date | 1 Mar 2024 |
| Time | 07:00:12 |
| Category | Director/PDMR dealings |
| ID | 0333F |
1 March 2024
iomart Group plc
("iomart", the "Group" or the "Company")
Launch of 2024 SAYE Scheme
iomart Group Plc, the cloud computing company, is pleased to announce that it launched a further Save As You Earn ('SAYE') share scheme for all employees, under which employees were 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 120.0 pence, a 20 per cent. discount to the closing middle market price of the Company's Ordinary Shares on 26 January 2024, the trading day before the invitation to participate was made. The options have a contract start date of 1 March 2024 and are exercisable between 1 March 2027 and 31 August 2027.
A total of 64 employees elected to participate in this further scheme, and pursuant to these elections a total of 320,668 options over Ordinary Shares were issued, equating to 0.29 per cent. of the issued share capital at 1 March 2024.
One 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, this Director's interests in Ordinary Shares are as follows:
|
Director |
Options granted over Ordinary Shares under 2024 SAYE scheme |
Total interest held under option |
% of issued share capital |
|
Lucy Dimes |
15,458 |
628,041 |
0.56% |
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For further information:
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iomart Group plc |
Tel: 0141 931 6400 |
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Lucy Dimes, Chief Executive Officer |
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Scott Cunningham, Chief Financial Officer |
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Investec Bank PLC (Nominated Adviser and Broker) |
Tel: 020 7597 4000 |
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Patrick Robb, Virginia Bull, Nick Prowting |
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Alma PR |
Tel: 020 3405 0205 |
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Caroline Forde, Hilary Buchanan, Kinvara Verdon |
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The notifications set out below is provided in accordance with the requirements of the UK Market Abuse Regulation.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a. |
Name |
Lucy Dimes |
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2. |
Reason for the notification |
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a. |
Position/status |
Chief Executive Officer |
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b. |
Initial notification /Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
iomart Group plc |
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b. |
LEI |
213800MME6X5NGP7NC68 |
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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 |
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a. |
Description of the Financial instrument, type of instrument Identification code |
Ordinary Shares of 1p each
GB0004281639 |
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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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£18,549.60
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e. |
Date of the transaction |
1 March 2024 |
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f. |
Place of the transaction |
Outside a trading venue |
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