LONDON - iomart Group plc (AIM:IOM), a secure cloud services provider, announced that Annette Nabavi, a Non-Executive Director of the company, has acquired 5,500 ordinary shares at a price of 90.8 pence per share. The transaction took place on Tuesday, December 3, 2024, on the London Stock Exchange (LON:LSEG)'s AIM Market.
Following this purchase, Annette Nabavi holds a total of 5,500 ordinary shares in iomart, which represents a 0.005% stake in the total voting rights of the company. This transaction is Nabavi's initial shareholding in iomart as disclosed by the company.
The purchase was conducted in accordance with the EU Market Abuse Regulation, which continues to be part of UK law post-Brexit through the European Union (Withdrawal) Act 2018. The regulation requires that the company publicly disclose transactions made by persons discharging managerial responsibilities.
iomart has not provided additional comments on the transaction or its potential implications for Nabavi's role or the company's operations. The information regarding this share purchase is based on a press release statement from iomart Group plc.
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