12 Jan 2009 15:27
GETECH Group plc (the "Company")
Directors' Holding in the Company and Exercise of Employee Share Options
The Company was notified today that Paul Markwick, a director of the Company, 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"), subject only to payment of the consideration monies which are anticipated to be paid on or before 30 January 2009.
As detailed in the Company's admission document dated 22 September 2005, on 26 August 2005, Derek Fairhead (executive chairman) granted call options to certain individuals, in order to incentivise key employees, for the transfer of a total of 472,340 Ordinary Shares from his personal holding.
The options have an exercise price of 9.87 pence per Ordinary Share.
Following this exercise, Derek Fairhead is interested in 8,916,878 Ordinary Shares, representing 30.51% of the issued share capital of the Company and Paul Markwick is interested in 23,404 ordinary shares in the Company representing 0.08% of the issued share capital of the Company.
For further information, please contact:
| GETECH Group plc | |
| Derek Fairhead, Executive Chairman Raymond Wolfson, Chief Executive | 0113 322 2200 |
| WH Ireland Limited | |
| Katy Mitchell | 0113 394 6628 |
Getech Grp (GTC)