Grant of Share Options
Updated : 19:07
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 options granted | Total number 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 |
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Cenkos Securities plc Neil McDonald / Pete Lynch (Corporate Finance) Michael Johnson / Dale Bellis (Sales) |
Tel: 0207 397 8900
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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 Identification code | Ordinary shares of 0.25 pence each
GB00B0HZVP95 | ||||
b) | Nature of the transaction | Grant of options over ordinary shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
n/a | ||||
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 Identification code | Ordinary shares of 0.25 pence each
GB00B0HZVP95 | ||||
b) | Nature of the transaction | Grant of options over ordinary shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
n/a | ||||
e) | Date of the transaction | 13/03/2023 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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