GETECH Group plc Grant of Share Options (0584T)
15 March 2023 - 9:02PM
UK Regulatory
TIDMGTC
RNS Number : 0584T
GETECH Group plc
15 March 2023
15 March 2023
Getech Group plc
("Getech" or the "Company")
Grant of Share Options
Getech (AIM: GTC), the geoenergy company and owner of hydrogen
developer H2 Green, announces that it has granted a total of
397,996 share options over ordinary shares of 0.25p each to
Executive Directors and senior employees (the "Share Options").
The Share Options have been granted in lieu of pay increases,
providing a cost-effective solution for the Company whilst ensuring
that its key employees are aligned with its long-term goals. The
exercise price for the Share Options is set at par value
(0.25p).
Each award is exercisable for a period of three years from 30
June 2023 and are subject to continued employment. Following
exercise, the ordinary shares cannot be sold for the first 12
months for employees and 24 months for Executive Directors.
The Share Options have been granted to Executive Directors of
the Company as follows:
Name Position Number of Total number
options granted of options
now held
Andrew Darbyshire CFO 49,560 799,560
---------- ----------------- -------------
Chris Jepps COO 58,400 808,400
---------- ----------------- -------------
The remaining 290,036 Share Options have been granted to senior
management.
Following the grant of the Share Options, there is a total of
3,057,996 director and employee share options outstanding,
representing approximately 4.5% of the current issued share capital
of the Company.
For further information, please contact:
Getech Group plc
Irina Logutenkova, Head of Investor Relations Tel: 0113 322 2200
Cenkos Securities plc
Neil McDonald / Pete Lynch (Corporate Finance) Tel: 0207 397 8900
Michael Johnson / Dale Bellis (Sales)
Notes to editors:
Getech Group plc (AIM: GTC) generates revenue by locating new
energy and mineral resources using its proprietary Earth digital
twin. The Group works for governments and companies who seek to
decarbonise their operations. Getech has expanded the use of data
and technologies built for the petroleum industry to critical
minerals, geothermal, hydrogen, and carbon storage.
For further information, please visit www.getech.com .
EU Market Abuse Regulation
The notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities
--- ------------------------------------------------------------------------------------------------------
a) Name Andrew Darbyshire
--- ------------------------------------------------------------ ----------------------------------------
2 Reason for the notification
--- ------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------------------------------------------ ----------------------------------------
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 financial instrument, type of instrument Ordinary shares of 0.25 pence each
Identification code
GB00B0HZVP95
--- ------------------------------------------------------------ ----------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
--- ------------------------------------------------------------ ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- ----------
Exercise price GBP0.0025 49,560
--- ------------------------------------------------------------ ----------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price
--- ------------------------------------------------------------ ----------------------------------------
e) Date of the transaction 13/03/2023
--- ------------------------------------------------------------ ----------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ ----------------------------------------
1 Details of the person discharging managerial responsibilities
--- ------------------------------------------------------------------------------------------------------
a) Name Chris Jepps
--- ------------------------------------------------------------ ----------------------------------------
2 Reason for the notification
--- ------------------------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
--- ------------------------------------------------------------ ----------------------------------------
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 financial instrument, type of instrument Ordinary shares of 0.25 pence each
Identification code
GB00B0HZVP95
--- ------------------------------------------------------------ ----------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
--- ------------------------------------------------------------ ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------- ----------
Exercise price GBP0.0025 58,400
--- ------------------------------------------------------------ ----------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price
--- ------------------------------------------------------------ ----------------------------------------
e) Date of the transaction 13/03/2023
--- ------------------------------------------------------------ ----------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------------------------------------ ----------------------------------------
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END
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