Grant of Share Options
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Getech (AIM: GTC), a world-leading locator of subsurface resources, makes the following announcement concerning a Grant of Options.
Grant of Options
On 6 May 2025, Getech granted share options in respect of a total of 9,200,000 ordinary shares in the Company to the executive team, senior leadership team and all staff under the approved share option scheme (the "Options").
The Options include the following awards to directors and PDMRs:
| Name | Position | Number of Options |
|---|---|---|
| Chris Jepps | Chief Executive Officer | 1,700,000 |
| Simon Brown | Finance Director | 900,000 |
| Max Brouwers | Chief Business Development Officer | 900,000 |
The Options all have the following terms:
- The Option exercise price of 0.25p, the nominal value of the shares
- The Option term is 3 years
- 35% will vest annually in 3 equal tranches,
- The remaining 65% will vest subject to achievement of key metrics related to the Company's share price and financial performance during the period.
Alongside the grant of the Options, 5,850,000 of the previously awarded employee share options granted on 07 February 2024, have been cancelled. Accordingly, the Company will have a total of 9,848,912 share options in issue, representing 6.46% of the Company's total issued share capital.
| a) | Name | Christopher Jepps |
| 2 | Reason for the notification | |
| a) | Position/status | CEO |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Getech Group plc |
| b) | LEI | 213800L36BCDMGT89738 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.25p each GB00B0HZVP95 |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Price: £0.0025 Volume: 1,700,0005 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 6 May 2025 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Simon Brown |
| 2 | Reason for the notification | |
| a) | Position/status | Finance Director |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Getech Group plc |
| b) | LEI | 213800L36BCDMGT89738 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.25p each GB00B0HZVP95 |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Price: £0.0025 Volume: 900,0005 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 6 May 2025 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Max Brouwers |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Business Development Officer |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Getech Group plc |
| b) | LEI | 213800L36BCDMGT89738 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.25p each GB00B0HZVP95 |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Price: £0.0025 Volume: 900,000 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 6 May 2025 |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.