Iomart Director Bolsters Stake with Option Exercise

Iomart Group plc (GB:IOM) has released an update.

Angus MacSween, Non-Executive Director of iomart Group plc, exercised 117,480 options at 1 pence each, retaining them as shares, which increases his total holdings to 17,460,889 shares or 15.533% of the company’s voting rights. The off-market transaction, detailed in compliance with EU Market Abuse Regulation, solidifies MacSween’s stake in the secure cloud services firm. This move could indicate the director’s confidence in iomart’s future performance.

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