Exercise of Options & Directors' Dealings

RNS Number : 6842V

GETECH Group plc

11 August 2015

 

Getech Group plc

("Getech" or the "Company")

Exercise of Options

Directors Dealings

The Company announces that it has today received notice to exercise options over ordinary shares in the Company by certain directors of the Company as set out below:

Name	Price	Number of Shares
Colin Glass	9.87p	82,979
Raymond Wolfson	9.87p	82,979
	Total Shares	165,958

The Company also confirms that it has received notice to exercise options over Ordinary Shares from certain employees of the Company, as set out below

Date of exercise	Exercise Price	Number of Shares
27 July 2015	15p	19,149
6 July 2015	9.87p	75,000
18 May 2015	9.87p	114,895
1 December 2014	15p	1,200
9 December 2014	15p	1,200
18 November 2014	9.87p	25,532
	Total Shares	236,976

Accordingly, the Company has today issued 402,934 new Ordinary Shares ("New Ordinary Shares"). The New Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares. Application has been made to admit the New Ordinary Shares to trading on AIM, and dealings in these shares are anticipated to commence on 14 August 2015. On admission, the Company will then have 32,895,748 shares in issue.

Raymond Wolfson has simultaneously sold 12,500 Ordinary Shares at a price of 57p in order to settle part of his income tax bill on the exercise of these options. Accordingly, Raymond Wolfson now holds 470,479 Ordinary Shares in the Company, representing 1.43% of the issued share capital.

Colin Glass now holds 656,807 Ordinary Shares, representing 2.00% of the issued share capital of the Company.

There are no shares held in treasury, therefore the total number of voting rights in the Company will be 32,895,748. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest under the Disclosure and Transparency Rules.

For further information, please contact:

Getech Group plc Raymond Wolfson, Chief Executive		Tel:  [phone]
WH Ireland Limited Katy Mitchell		Tel:  [phone]

 

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