Director/PDMR Shareholding

RNS Number : 8712J

GETECH Group plc

22 July 2013

 



Getech Group plc

("Getech" or the "Company")

Directors Dealings

The Company has issued 794,681 ordinary shares following the exercise of options by Raymond Wolfson and Paul Markwick, both directors of the Company and by an employee.

Raymond Wolfson exercised options over 540,000 ordinary shares at a price of 20p per Ordinary Share and Paul Markwick exercised options over 229,149 Ordinary Shares of which 19,149 ordinary shares were exercised at a price of 9.87p and 210,000 ordinary shares were exercised at a price of 15p.

The employee exercised options over 25,532 Ordinary Shares.

At the same time, the Company has received notice that Raymond Wolfson has sold 190,000 ordinary shares at a price of 65.5p per ordinary share to cover the cost of the exercise of the options (of which 85,000 ordinary shares were sold on 19 July 2013 and 105,000 Ordinary Shares were sold on 22 July 2013) and that Paul Markwick has sold 80,000 ordinary shares at a price of 65.5p per ordinary shares, for the same reason (of which 65,000 ordinary shares were sold on 19 July 2013 and 15,000 Ordinary Shares were sold on 22 July 2013).

Raymond Wolfson now holds 400,000 ordinary shares representing 1.33% of the issued shares in the Company and Paul Markwick holds 172,553 ordinary shares representing 0.57% of the issued share capital of the Company.

Accordingly, application has been made for 794,681 ordinary shares to be admitted to trading on AIM, and dealings are expected to commence on 26 July 2013.

Following the issue of these new shares, the number of Ordinary Shares in issue will increase to 30,101,117. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 30,101,117 Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Getech under the DTRs.

For further information, please contact:

GETECH Group plc Raymond Wolfson, Chief Executive		Tel:  [phone]
WH Ireland Limited Katy Mitchell		Tel:  [phone]

 

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