21 April 2023
iomart Group plc
(the "Company")
Grant of Options to Directors
iomart Group plc (AIM: IOM) the cloud computing company, announces that, on 20 April 2023, the Remuneration Committee granted options over the ordinary shares of 1p each in the Company ("Ordinary Shares") to Reece Donovan (CEO) and Scott Cunningham (CFO) under the rules of the Company's Performance Share Plan 2020 (the "Plan").
The options granted under the Plan have an exercise price of 1p each and will not vest earlier than three years from the date of grant.
The performance conditions for Reece Donovan and Scott Cunningham are based on certain performance obligations having been met during the three-year period up until 31 March 2026.
The following table sets out the interest of each director in options over the Ordinary shares:
| Name of Director | Number of options granted on 20 April 2023 over Ordinary Shares pursuant to the Plan | Total number of options over Ordinary Shares | Percentage of issued share capital under option |
| Reece Donovan | 253,477 | 677,329 | 0.61% |
| Scott Cunningham | 189,600 | 489,164 | 0.44% |
| Total | 443,077 | 1,166,493 | 1.06% |
| iomart Group plc | Tel: 0141 931 6400 |
| Reece Donovan, Chief Executive |
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| Scott Cunningham, Chief Financial Officer |
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| Investec Bank Plc (Nominated Adviser and Broker) | Tel: 020 7597 4000 |
| Patrick Robb, Virginia Bull, Nick Prowting |
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Alma PR |
Tel: 020 3405 0205 |
| Caroline Forde, Hilary Buchanan, Joe Pederzolli |
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| 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 | Options over ordinary shares of 1p each ("Ordinary Shares")
ISIN: GB0004281639 | ||||
| b. | Nature of the transaction | Grant of options over 253,477 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 | ||||
| c. | Price(s) and volume(s) |
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| d. | Aggregated information ·Aggregated volume ·Price
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n/a single transaction
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| e. | Date of the transaction | 20 April 2023 | ||||
| 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 | Options over ordinary shares of 1p each ("Ordinary Shares")
ISIN: GB0004281639 | ||||
| b. | Nature of the transaction | Grant of options over 189,600 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 | ||||
| c. | Price(s) and volume(s) |
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| d. | Aggregated information ·Aggregated volume ·Price
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n/a single transaction
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| e. | Date of the transaction | 20 April 2023 | ||||
| f. | Place of the transaction | Outside a trading venue | ||||
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