iomart Directors Increase Company Holdings

Three Board members purchase shares in the security software and web-services group

(PRWEB) November 20, 2005 -- iomart Group plc (“iomart”), the Glasgow based security software and web-services business, has today announced that three non-executive directors including the chairman have purchased shares in the company.

Nick Kuenssberg, Chairman, senior independent director Fred Shedden and the recently appointed non-executive director Chris Batterham have today purchased a total of 86,133 ordinary shares.

Nick Kuenssberg, chairman, commented, “Our first half year results were good, demonstrating that the company’s business model is effective and profitable. Our second half is historically significantly stronger which, with the impact of recurring growth, gives us confidence for very good results for the full year. There can be no better demonstration of our confidence in the future growth performance of the company than today’s announcement about directors share purchases.”

The market was informed today that Fred Shedden, Nick Kuenssberg and Chris Batterham purchased ordinary shares of 1p each in the Company as follows:

Nick Kuenssberg    28,233    
Fred Shedden    32,900    
Chris Batterham    25,000                            
                
Yesterday, the group announced its interim results that showed an increase in turnover of 70%, up from £6.43M to £10.95M and sharp rise in profits before tax from £110K to £1.42M.

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