11 Apr 2022 12:23
11 April 2022
Getech Group plc
("Getech" or the "Company")
Exercise of Options, PDMR Dealing, Issue of Equity and Total Voting Rights
Getech, a geoenergy and green hydrogen company, announces it was notified on 7 February 2022 that Stuart Paton, Non-Executive Director, exercised options ("Share Options") in respect of 900,000 ordinary shares of 0.25 pence each in the Company which were settled through a cashless exercise mechanism and resulted in the issue of 429,545 ordinary shares ("New Ordinary Shares").
Subsequently, Stuart Paton sold a portion of the New Ordinary Shares issued on the exercise of the Share Options to finance the cost of the exercise (where applicable) and associated tax liabilities.
Following the exercise of the Share Options, Stuart Paton has an interest in 194,969 ordinary shares, representing 0.29 per cent. of the enlarged issued share capital of the Company, and has no further share options outstanding.
Issue of Equity and Admission
Application has been made to the London Stock Exchange for the admission of the 429,545 New Ordinary Shares to trading on AIM. Admission is expected to take place on or around 8.00 a.m. on 13 April 2022.
Following Admission, the Company's issued share capital will consist of 67,296,225 ordinary shares with voting rights. Getech does not hold any Ordinary Shares in treasury. This figure of 67,296,225 ordinary shares 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 in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Getech Group plc Jonathan Copus, Chief Executive
| Tel: 0113 322 2200 |
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Cenkos Securities plc Neil McDonald / Pete Lynch (Corporate Finance) Michael Johnson / Dale Bellis (Sales)
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Tel: 0207 397 8900
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Camarco James Crothers / Toby Strong / Charles Dingwall |
Tel: 020 3781 8331 |
Notes to editors:
Getech Group plc (AIM: GTC) applies its world-leading geoscience data and unique geospatial software products to accelerate the energy transition by locating, developing and operating geoenergy and green hydrogen projects.
For further information, please visit www.getech.com.
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a) | Name | Stuart Paton
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2. | Reason for the Notification | ||||||||||
a) | Position/status | Non-Executive Director
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b) | Initial notification/amendment | Initial notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | Getech Group plc
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b) | LEI | 213800L36BCDMGT89738
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4. | Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | ||||||||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of 0.25p each | |||||||||
Identification code | GB00B0HZVP95 | ||||||||||
b) | Nature of the Transaction | i) Exercise of Share Options ii) Sale of New Ordinary Shares | |||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price | The exercise of options over Ordinary Shares and the sale of Ordinary Shares each completed as single transactions | |||||||||
e) | Date of the transaction | i) Exercise of Options - 7 April 2022 ii) Sale of Shares - 8 April 2022
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f) | Place of the transaction | London Stock Exchange, AIM (LON:GTC)
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Getech Grp (GTC)