16 Sep 2008 16:40
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GETECHΒ Group plcΒ (the "Company")
Directors' HoldingΒ in the CompanyΒ and Exercise of Employee Share Options
The Company was notified onΒ 16 SeptemberΒ 2008 that an employee has exercised options overΒ 23,404Β ofΒ Derek Fairhead'sΒ ordinary sharesΒ of 0.25 pence eachΒ in the capital of the Company ("Ordinary Shares").
As detailed in the Company's admission document dated 22 September 2005, on 26 August 2005, Derek Fairhead (executive chairman) entered into call options,Β in order to incentivise key employees, for the transfer of up to 472,340 Ordinary Shares from his personal holding.
Derek Fairhead received an exercise notice from the employee onΒ 16Β SeptemberΒ 2008Β in respect ofΒ 23,404Β Ordinary Shares, with an exercise price of 9.87 pence per Ordinary Share.
Further to this exercise, Derek Fairhead is interested inΒ 8,844,128Β Ordinary Shares, representingΒ 31.94%Β of the issued share capital of the Company.
For further information, please contact:
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GETECHΒ Group plc |
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Derek Fairhead, Executive Chairman Raymond Wolfson, Chief Executive |
0113 322 2200 |
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WH Ireland Limited |
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David Youngman/Katy Mitchell |
0113 394 6628 |
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