GETECH Group plc Board Change and Extension of Options (6505W)
27 April 2021 - 4:00PM
UK Regulatory
TIDMGTC
RNS Number : 6505W
GETECH Group plc
27 April 2021
27 April 2021
Getech Group plc
("Getech" or the "Company")
Board Change and Extension of Options
Getech, a provider of data, knowledge and software to the energy
industry, is pleased to announce that, further to the announcement
of 28 January 2021, following a handover period with Dr Stuart
Paton, Richard Bennett has assumed the position of Non-Executive
Chairman of Getech.
Dr Paton will continue as a Non-Executive Director of the
Company and as Chairman of H2 Green Limited, Getech's recently
acquired subsidiary which is focussed on establishing a network of
large-scale hydrogen generation, storage and refuelling hubs to
support public and commercial transport fleets. Dr Paton will
therefore continue to be involved with the Company, ensuring the
retention of his experience and skills developed over the 10 years
that he has been part of the Board.
Dr Stuart Paton has options over ordinary shares of 0.25p in the
Company ("Ordinary Shares") that expire on 27 April 2021. The
Company has agreed to extend the period that Dr Paton has such
options by one year. To this effect, the company has granted new
options over Ordinary Shares, in place of the existing options, to
have effect from 27 April 2021, and that the expiry date for the
options over the Ordinary Shares shall be 27 April 2022. All the
remaining terms that applied to the previous options, including the
vesting criteria, are contained in the new options.
Director Number of Exercise Previous Expiry New Expiry
Shares Price Date Date
27 April
Dr Stuart Paton 900,000 17.50p 27 April 2021 2022
For further information, please contact:
Getech Group plc Tel: 0113 322 2200
Jonathan Copus, Chief Executive
Cenkos Securities plc
Neil McDonald / Pete Lynch (Corporate Finance)
Michael Johnson / Julian Morse (Sales) Tel: 0207 397 8900
Camarco
James Crothers / Ollie Head / Toby Strong Tel: 020 3781 8331
Notes to editors:
Getech (AIM: GTC) has a well-established position within the
global energy market, assisting clients with its unique combination
of products and services, that utilise the Group's sub-surface
skills and geospatial design and implementation capabilities
alongside a deep knowledge and understanding of how to deploy
data.
The Company is leveraging its strong market position, utilising
its existing expertise, and targeting additional commercial
opportunities, to de-risk and accelerate the global transition to
renewable sources of energy while strengthening its existing and
well-established business.
Getech is listed on the AIM market of the London Stock Exchange.
For further information, please visit www.getech.com
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stuart Paton
------------------------------- -------------------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------------
a) Position/status Non-Executive Chairman
------------------------------- -------------------------------------------------
b) Initial notification/amendment Initial notification
------------------------------- -------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Getech Group plc
------------------------------- -------------------------------------------------
b) LEI 213800L36BCDMGT89738
------------------------------- -------------------------------------------------
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 Ordinary shares of no par value
Financial instrument,
type of instrument
------------------------------- -------------------------------------------------
Identification code GB00B0HZVP95
------------------------------- -------------------------------------------------
b) Nature of the Transaction Extension of share option expiry date
------------------------------- -------------------------------------------------
c) Price(s) and volume(s) Share Options Exercise Price New Expiry
Date
900,000 17.50 pence 27 April 2022
--------------- --------------
------------------------------- -------------------------------------------------
d) Aggregated information -
Aggregated volume Price
------------------------------- -------------------------------------------------
e) Date of the transaction 26 April 2021
------------------------------- -------------------------------------------------
f) Place of the transaction N/A
------------------------------- -------------------------------------------------
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END
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