8 May 2024
iomart Group plc
(the "Company")
Grant of Options to Directors
iomart Group plc (AIM: IOM) the secure cloud services company, announces that, on 7 May 2024, the Remuneration Committee granted options over the ordinary shares of 1p each in the Company ("Ordinary Shares") to Lucy Dimes (CEO & Chair) and Scott Cunningham (CFO) under the rules of the Company's Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023 and 11 April 2024 (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 Lucy Dimes and Scott Cunningham are based on certain performance obligations having been met during the three-year period up until 31 March 2027.
The following table sets out the interest of each director in options over the Ordinary shares:
| Name of Director | Number of options granted on 7 May 2024 over Ordinary Shares pursuant to the Plan | Total number of options over Ordinary Shares | Percentage of issued share capital under option |
| Lucy Dimes | 423,664 | 1,051,705 | 0.94% |
| Scott Cunningham | 297,710 | 753,405 | 0.67% |
| Total | 721,374 | 1,805,110 | 1.61% |
| iomart Group plc | Tel: 0141 931 6400 |
| Lucy Dimes, Chief Executive & Chair |
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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 |
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Alma Strategic Communications |
Tel: 020 3405 0205 |
| Caroline Forde, Hilary Buchanan, Kinvara Verdon |
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| 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 & Chair | ||||
| 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 423,664 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023 and 11 April 2024 | ||||
| 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 | 7 May 2024 | ||||
| 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 297,710 Ordinary Shares under the iomart Group plc Performance Share Plan 2020 as amended by the Remuneration Committee on 20 October 2023 and 11 April 2024 | ||||
| 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 | 7 May 2024 | ||||
| f. | Place of the transaction | Outside a trading venue | ||||
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