REG - GETECH Group plc - Grant of Share Options

GetechAnnouncement

15/03/2023 10:15

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RNS Number : 0584T  GETECH Group plc  15 March 2023

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

 Cenkos Securities plc

 Neil McDonald / Pete Lynch (Corporate Finance)   Tel:  0207 397 8900

 Michael Johnson / Dale Bellis (Sales)

 

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 (http://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  Ordinary shares of 0.25 pence each

     Identification code

                                                                  GB00B0HZVP95
 b)  Nature of the transaction                                    Grant of options over ordinary shares
 c)  Price(s) and volume(s)                                       Price(s)                 Volume(s)
                                                                  Exercise price £0.0025   49,560
 d)  Aggregated information

     -   Aggregated volume                                        n/a

      -   Price
 e)  Date of the transaction                                      13/03/2023
 f)  Place of the transaction                                     Outside a trading venue

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  Ordinary shares of 0.25 pence each

     Identification code

                                                                  GB00B0HZVP95
 b)  Nature of the transaction                                    Grant of options over ordinary shares
 c)  Price(s) and volume(s)                                       Price(s)                 Volume(s)
                                                                  Exercise price £0.0025   58,400
 d)  Aggregated information

     -   Aggregated volume                                        n/a

      -   Price
 e)  Date of the transaction                                      13/03/2023
 f)  Place of the transaction                                     Outside a trading venue

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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