1st Apr 2009 17:15
GETECH Group plc (the "Company")
Directors' Holding in the Company and Exercise of Employee Share Options
The Company was notified today that an employee 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.
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 8,893,474 Ordinary Shares, representing 30.43% of the issued share capital of the Company.
For further information, please contact:
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GETECH Group plc |
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Derek Fairhead, Executive Chairman Raymond Wolfson, Chief Executive |
0113 322 2200 |
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WH Ireland Limited |
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Katy Mitchell |
0113 394 6628 |
Related Shares:
Getech Grp