Last checked at 11 Aug 2015 09:15
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: 0113 322 2200 | |
WH Ireland Limited Katy Mitchell | Tel: 0161 832 2174
|