Director's Subscription

RNS Number : 6125S

GETECH Group plc

17 March 2021

 

17 March 2021

Getech Group plc

("Getech" or the "Company")

Director's Subscription

Getech, a provider of data, knowledge and software products to the energy industry, announced on 12 March 2021 that it had raised gross proceeds of £6.0 million through a placing and subscription of 27,272,728 new Ordinary Shares in two tranches at an Issue Price of 22 pence per share (the "Placing and Subscription").

As part of the Placing and Subscription, it was announced that Jonathan Copus, Chief Executive of Getech, had subscribed for the 45,000 new Ordinary Shares (the "Subscription Shares"). Following completion of the Placing and Subscription, Jonathan Copus will hold 45,000 Ordinary Shares representing 0.07 per cent. of the enlarged Issued Share Capital.

Admission of the Subscription Shares to trading on AIM will become effective at 8.00 a.m. on 1 April 2021, conditional, inter alia, upon the approval of the Resolution by the Shareholders at the General Meeting which is scheduled to be held at 11.00 a.m. on 30 March 2021 at the offices of the Company, at Kitson House, Elmete Hall, Elmete Lane, Leeds LS8 2LU.

For further information, please contact:

Getech Group plc Jonathan Copus, Chief Executive	Tel:  [phone]
Cenkos Securities plc Neil McDonald / Pete Lynch (Corporate Finance) Michael Johnson / Julian Morse (Sales)	Tel:  [phone]
Camarco Georgia Edmonds / James Crothers / Ollie Head	Tel: [phone]

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	Jonathan Copus
2.	Reason for the Notification
a)	Position/status	Chief Executive 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 no par value
	Identification code	GB00B0HZVP95
b)	Nature of the Transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	45,000 shares at 22p
d)	Aggregated information Aggregated volume Price	-
e)	Date of the transaction	12 March 2021
f)	Place of the transaction	London Stock Exchange, AIM (LON:GTC)

 

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