Getech Grp Regulatory News (GTC)

28 Aug 2007 14:45

GETECH Group plc28 August 2007 GETECH Group plc (the "Company") 28 August 2007 Grant of options The Company today announces, following a recommendation from the Company'sRemuneration Committee, the grant of options to Raymond Wolfson, a Non-ExecutiveDirector of the Company. The grant is in conjunction with Mr Wolfson'sforthcoming appointment to Chief Executive Officer of the Company, as announcedon 24 July 2007. The Company's Remuneration Committee, excluding Mr Wolfson himself, hasrecommended that Mr Wolfson be granted options over ordinary shares of 0.25pence each ("Ordinary Shares"), as follows: Number of options Exercise price Date upon which options can be exercised 200,000 35p 5 November 2008400,000 55p 5 November 2010 Mr Wolfson held 102,128 options before this grant. Following the issue of the new options, as set out above, the total number ofshares under option in the Company is 2,174,474 ordinary shares, representing7.85 per cent. of the current issued share capital of the Company. Notes: For the avoidance of doubt the Remuneration Committee of the Companycomprises Peter Stephens, David Roberts and Raymond Wolfson. For further information: GETECH Group plc www.getech.comDerek Fairhead, Managing Director 0113 322 2200Peter Stephens, Chairman Landsbanki Securities (UK) Limited 020 7426 9000Thilo HoffmannSebastian Jones This information is provided by RNS The company news service from the London Stock Exchange