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16 Sep 2008 16:40
GETECH Group plc (the "Company")
Directors' Holding in the Company and Exercise of Employee Share Options
The Company was notified on 16 September 2008 that an employee has exercised options over 23,404 of Derek Fairhead's ordinary shares of 0.25 pence each 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, 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 on 16 September 2008 in respect of 23,404 Ordinary Shares, with an exercise price of 9.87 pence per Ordinary Share.
Further to this exercise, Derek Fairhead is interested in 8,844,128 Ordinary Shares, representing 31.94% of the issued share capital of the Company.
For further information, please contact:
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GETECH 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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