Issue of Options

RNS Number : 5532F

GETECH Group plc

27 April 2011

 



GETECH Group plc

("GETECH" or the "Company")

Issue of Options

GETECH, the oil services business specialising in the provision of exploration data and petroleum systems studies and evaluations, announces that it has agreed to issue new options to Stuart Paton, who was appointed as a Director and Chairman of the Company on 26^th April 2011.

The Options

The Company granted Stuart Paton 900,000 unapproved share options at 17.5p per share on 27^th April 2011.

These options become exercisable over a period of three years:

300,000 are exercisable with effect from the date of grant

200,000 become exercisable after the first anniversary of grant

200,000 become exercisable after the second anniversary of grant

200,000 become exercisable after the third anniversary of grant

All the options are only exercisable for so long as he remains a Director of the company and in any event cannot be exercised later than the tenth anniversary of grant.

Stuart Paton has no shares or share options in the Company other than those listed above.

For further information, please contact:

GETECH Group plc Raymond Wolfson, Chief Executive		Tel:  [phone]
WH Ireland Limited Katy Mitchell		Tel:  [phone]
Walbrook PR Helen Westaway		Tel:  [phone] Mob: [phone] [e-mail]

 

END

 

 

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