Business
2018 SAYE Scheme and PDMR Interests
2018 SAYE Scheme and PDMR Interests.
About this update from Iomart Group Plc
[{"type":"text","content":"\n \nRNS Number : 3641U Iomart Group PLC 28 March 2019 \n\n28 March 2019\niomart Group plc\n(\"iomart\" or the \"Group\" or the \"Company\")\n \n2018 SAYE Scheme and PDMR Interests\n \niomart Group Plc, the cloud computing company, is pleased to announce that during the year it launched a 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.\nEligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ('Ordinary Shares') with an exercise price of 324.0 pence, a 20 per cent. discount to the closing middle market price of the Company's Ordinary Shares on 31 August 2018, the trading day before the invitation to participate was made. The options have a contract start date of 1 November 2018 and are exercisable between 1 November 2021 and 1 May 2022.\nA total of 90 employees elected to participate, and pursuant to these elections a total of 186,810 options over Ordinary Shares were issued, equating to 0.17 per cent. of the current issued share capital.\nOne Director of the Company, detailed below, elected to participate in the SAYE scheme and is included in the total figures above.\nAs a result of this option grant, the Director's interest in Ordinary Shares under option is as follows:\n\n\n\nName of Director\n\n\nOptions granted over Ordinary Shares under 2018 SAYE scheme\n\n\nTotal interest held under option\n\n\n% of issued share capital\n\n\n\n\nAngus MacSween\n\n\n2,777\n\n\n1,011,195\n\n\n0.93%\n\n\n\n \n\n\n\niomart Group plc\n\n\nTel: 0141 931 6400\n\n\n\n\nAngus MacSween, Chief Executive\n\n\n\n\n\n\n\nScott Cunningham, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPeel Hunt LLP (Nominated Adviser and Broker)\n\n\nTel: 020 7418 8900\n\n\n\n\nPeter Stewart\nEdward Knight\n\n\n\n\n\n\n\nNick Prowting\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAlma PR (Financial PR)\n\n\nTel: 020 3405 0205\n\n\n\n\nCaroline Forde\n\n\n\n\n\n\n\nHelena Bogle\n\n\n\n\n\n\n \nThe notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.\n\n\n\n1. \n\n\nDetails of the person discharging managerial responsibilities...