Grant of Share Options

RNS Number : 5339I

GETECH Group plc

27 November 2018

 

Getech Group plc

("Getech" or the "Company")

Grant of Share Options

The Company announces the grant of 1,350,000 share options on 20 November 2018 as long-term incentives to its Directors and Executive Committee. Details of the grant of options are as follows:

Recipient	Number of share options granted	Total number of options held	Current shareholding
Jonathan Copus	350,000	1,750,000	-
Christopher Jepps	250,000	250,000	903,226
Andrew Darbyshire	250,000	250,000	-
Jules Cullen	250,000	250,000	677,419
Lourens Koen	250,000	250,000	-
Total	1,350,000	2,750,000	1,580,645

The share options were issued with an exercise price of £0.35 per ordinary share, the mid-market closing price on 20 November 2018. The options have a ten-year term and vest one half each on the next two anniversaries of the grant date. They are exercisable at any time after the vesting date.

Each party received share options over 250,000 Ordinary Shares, with the exception of Jonathan Copus who also received options over a further 100,000 ordinary shares. These additional options are issued in lieu of share options that were awarded but not granted on his joining Getech. They also have an exercise price of £0.35 per ordinary share and a ten-year term but vest on 2 August 2019. They are exercisable at any time after the vesting date.

For further information, please contact:

Getech Group plc Jonathan Copus, Chief Executive		Tel:  [phone]
WH Ireland Limited (Nomad & Broker) Katy Mitchell James Sinclair-Ford		Tel:  [phone]

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	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 Identification code	Options over Ordinary shares of 0.25 pence each GB00B0HZVP95
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price £0.35 350,000
d)	Aggregated information -   Aggregated volume  -   Price	N/A
e)	Date of the transaction	20 November 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities
a)	Name	Christopher 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 Identification code	Options over Ordinary shares of 0.25 pence each GB00B0HZVP95
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price £0.35 250,000
d)	Aggregated information -   Aggregated volume  -   Price	N/A
e)	Date of the transaction	20 November 2018
f)	Place of the transaction	Outside a trading venue

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 Identification code	Options over Ordinary shares of 0.25 pence each GB00B0HZVP95
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price £0.35 250,000
d)	Aggregated information -   Aggregated volume  -   Price	N/A
e)	Date of the transaction	20 November 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities
a)	Name	Jules Cullen
2	Reason for the notification
a)	Position/status	Sales Director
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 Identification code	Options over Ordinary shares of 0.25 pence each GB00B0HZVP95
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price £0.35 250,000
d)	Aggregated information -   Aggregated volume  -   Price	N/A
e)	Date of the transaction	20 November 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities
a)	Name	Lourens Koen
2	Reason for the notification
a)	Position/status	Delivery Director
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 Identification code	Options over Ordinary shares of 0.25 pence each GB00B0HZVP95
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price £0.35 250,000
d)	Aggregated information -   Aggregated volume  -   Price	N/A
e)	Date of the transaction	20 November 2018
f)	Place of the transaction	Outside a trading venue

Notes to Editors:

The Getech Group provides the expertise, support and knowledge that companies and governments need to better discover, develop and manage natural resources. Our data-rich products, geospatial solutions and government advisory services help our customers to achieve their business goals of risk-management, cost control, operational excellence, regulatory compliance and environmental responsibility. ​

For more information, please visit our website at www.getech.com.

 

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