GETECH Group plc Grant of Share Options (0584T)

TIDMGTC

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          Total number 
                                   options granted    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: [phone] 
 
 
  Cenkos Securities plc 
   Neil McDonald / Pete Lynch (Corporate Finance)      Tel: [phone] 
   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 .

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 GBP0.0025    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 
---  ------------------------------------------------------------  ---------------------------------------- 
 
 
 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 GBP0.0025    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 
---  ------------------------------------------------------------  ---------------------------------------- 
 

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March 15, 2023 06:02 ET (10:02 GMT)