Getech Grp Regulatory News (GTC)

16 Nov 2007 10:06

GETECH Group plc16 November 2007 GETECH Group plc (the "Company") 16 November 2007 Grant of Options GETECH Group Plc (GTC:AIM), the oil services business specialising in theprovision of exploration data and petroleum systems evaluations, announces,following a recommendation from the Company's Remuneration Committee, the grantof options to Raymond Wolfson, Chief Executive Officer, under the Company's EMIshare option scheme. 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 exercised300,000 45p 5 November 2009 Mr Wolfson held 702,128 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 2,474,474 ordinary shares, representing8.9 per cent. of the current issued share capital of the Company. Notes: For the avoidance of doubt, the Remuneration Committee of the Company atthe time Mr. Wolfson's share option package was agreed comprised Peter Stephens,David Roberts and Raymond Wolfson. Since his appointment as Chief ExecutiveOfficer, Mr Wolfson is no longer a member of the Remuneration Committee. Enquiries: GETECH Group plc www.getech.com Derek Fairhead, Executive Chairman 0113 322 2200 Peter Stephens, Non-Executive Chairman Landsbanki Securities (UK) Limited 020 7426 9000 Thilo Hoffmann Sebastian Jones This information is provided by RNS The company news service from the London Stock Exchange