Launch of 2024 SAYE Scheme
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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% |
The notifications set out below is provided in accordance with the requirements of the UK Market Abuse Regulation.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a. | Name | Lucy Dimes |
| 2. | Reason for the notification | |
| a. | Position/status | Chief Executive Officer |
| b. | Initial notification /Amendment | Initial notification |
| a. | Name | iomart Group plc |
| b. | LEI | 213800MME6X5NGP7NC68 |
| 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 |
| c. | Price(s) and volume(s) | Exercise Price(s) Volume(s) 120.0p 15,458 |
| d. | Aggregated information · Aggregated volume · Price | 15,458 shares £18,549.60 |
| f. | Place of the transaction | Outside a trading venue |
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