22nd Nov 2007 12:49
GETECH Group plc22 November 2007 GETECH Group plc ("the Company") 22 November 2007 Correction to Grant of Options GETECH Group plc (GTC:AIM) advises that the following replaces the "Grant ofOptions" announcement released on 16 November 2007 at 10:06 under RNS number8773H. The announcement should have stated that, following the issue of the newoptions, the total number of shares under option in the Company is 2,372,346ordinary shares, representing 8.6 per cent. of the current issued share capitalof the Company. The full amended text appears below. Grant of Options GETECH Group plc (GTC:AIM), the oil services business specialising in theprovision of exploration data and petroleum systems evaluations, announces,following a recommendation from the Company's Remuneration Committee, the grantof options to Raymond Wolfson, Chief Executive Officer, under the Company's EMIshare option scheme. The Company's Remuneration Committee, excluding Mr Wolfson himself, hasrecommended that Mr Wolfson be granted options over ordinary shares of 0.25pence each ("Ordinary Shares"), as follows: Number of options Exercise price Date upon which options can be exercised300,000 45p 5 November 2009 Mr Wolfson held 702,128 options before this grant. Following the issue of the new options, as set out above, the total number ofshares under option in the Company is 2,372,346 ordinary shares, representing8.6 per cent. of the current issued share capital of the Company. Notes: For the avoidance of doubt, the Remuneration Committee of the Company atthe time Mr. Wolfson's share option package was agreed comprised Peter Stephens,David Roberts and Raymond Wolfson. Since his appointment as Chief ExecutiveOfficer, Mr Wolfson is no longer a member of the Remuneration Committee. Enquiries: GETECH Group plc www.getech.comDerek Fairhead, Executive Chairman 0113 322 2200Peter Stephens, Non-Executive Chairman Landsbanki Securities (UK) Limited 020 7426 9000Thilo HoffmannSebastian Jones This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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