Director/PDMR Shareholding
Getech Group plc announced that Non-Executive Chairman Michael Covington gifted 664,375 ordinary shares to his wife, Philippa Covington, for nil consideration. Subsequently, both Michael and Philippa Covington executed "Bed and ISA" transactions, selling and reacquiring the same number of shares at prices of 3.0000p and 3.0045p respectively. Following these transactions, Michael Covington beneficially holds 714,192 shares (approximately 0.47%) and Philippa Covington holds 664,375 shares (approximately 0.44%), with their combined beneficial interest remaining unchanged at approximately 0.90% of the company's issued share capital.
Select text to share a quote on X · sign in to keep highlights & notes in your GTC notes
Getech (AIM: GTC), a leading locator of subsurface resources, has received notification of the following transactions in the Company's ordinary shares of 0.25p each ("Ordinary Shares").
On 11 August 2026, Michael Covington, Non-Executive Chairman of Getech, gifted 664,375 Ordinary Shares, for nil consideration, to his wife Philippa Covington, a person closely associated with him.
On 12 August 2026, in order to effect "Bed and ISA" transactions, Michael Covington sold 664,375 Ordinary Shares at a price of 3.0000p each before subsequently acquiring 664,375 Ordinary Shares at a price of 3.0045p each within an Individual Savings Account. On the same date and on the same terms, Philippa Covington sold 664,375 Ordinary Shares at a price of 3.0000p each before subsequently acquiring 664,375 Ordinary Shares at a price of 3.0045p each within an Individual Savings Account.
Following these transactions, Michael Covington is beneficially interested in 714,192 Ordinary Shares, representing c. 0.47 per cent of the Company's issued share capital, comprising 664,375 Ordinary Shares held within an Individual Savings Account and 49,817 Ordinary Shares held within a self-invested personal pension. Philippa Covington is beneficially interested in 664,375 Ordinary Shares, representing c. 0.44 per cent of the Company's issued share capital.
The aggregate beneficial interest of Michael Covington and Philippa Covington is 1,378,567 Ordinary Shares, representing c. 0.90 per cent of the Company's issued share capital. This is unchanged from the position prior to the transactions described above. No Ordinary Shares have been sold outside the family holding.
| 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 | Gift of Ordinary Shares (disposal), for nil consideration |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 664,375 |
| d) | Aggregated information - Aggregated volume - Price | 664,375 Nil consideration |
| e) | Date of the transaction | 11 August 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Philippa Covington |
| 2 | Reason for the notification | |
| a) | Position/status | Person closely associated with Michael Covington, Non-Executive Chairman |
| 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 | Gift of Ordinary Shares (acquisition), for nil consideration |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 664,375 |
| d) | Aggregated information - Aggregated volume - Price | 664,375 Nil consideration |
| e) | Date of the transaction | 11 August 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Michael Covington |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Chairman |
| 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 | Sale |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. 3.0000p 664,375 |
| d) | Aggregated information - Aggregated volume - Price | 664,375 £19,931.25 |
| e) | Date of the transaction | 12 August 2026 |
| f) | Place of the transaction | AIM |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Michael Covington |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Chairman |
| 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 | Acquisition |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. 3.0045p 664,375 |
| d) | Aggregated information - Aggregated volume - Price | 664,375 £19,961.15 |
| e) | Date of the transaction | 12 August 2026 |
| f) | Place of the transaction | AIM |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Philippa Covington |
| 2 | Reason for the notification | |
| a) | Position/status | Person closely associated with Michael Covington, Non-Executive Chairman |
| 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 | Sale |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. 3.0000p 664,375 |
| d) | Aggregated information - Aggregated volume - Price | 664,375 £19,931.25 |
| e) | Date of the transaction | 12 August 2026 |
| f) | Place of the transaction | AIM |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Philippa Covington |
| 2 | Reason for the notification | |
| a) | Position/status | Person closely associated with Michael Covington, Non-Executive Chairman |
| 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 | Acquisition |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. 3.0045p 664,375 |
| d) | Aggregated information - Aggregated volume - Price | 664,375 £19,961.15 |
| e) | Date of the transaction | 12 August 2026 |
| f) | Place of the transaction | AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.