Business
Grant of Options
Grant of Options.
About this update from Getech Group Plc
[{"type":"text","content":"\n GETECH Group plc\n16 November 2007\n\n\nGETECH Group plc (the 'Company')\n\n\n16 November 2007\n\n\nGrant of Options\n\n\nGETECH Group Plc (GTC:AIM), the oil services business specialising in the\nprovision of exploration data and petroleum systems evaluations, announces,\nfollowing a recommendation from the Company's Remuneration Committee, the grant\nof options to Raymond Wolfson, Chief Executive Officer, under the Company's EMI\nshare option scheme.\n\n\nThe Company's Remuneration Committee, excluding Mr Wolfson himself, has\nrecommended that Mr Wolfson be granted options over ordinary shares of 0.25\npence each ('Ordinary Shares'), as follows:\n\n\nNumber of options Exercise price Date upon which options can be\n exercised\n300,000 45p 5 November 2009\n\n\n\nMr Wolfson held 702,128 options before this grant.\n\n\nFollowing the issue of the new options, as set out above, the total number of\nshares under option in the Company is 2,474,474 ordinary shares, representing\n8.9 per cent. of the current issued share capital of the Company.\n\n\nNotes: For the avoidance of doubt, the Remuneration Committee of the Company at\nthe time Mr. Wolfson's share option package was agreed comprised Peter Stephens,\nDavid Roberts and Raymond Wolfson. Since his appointment as Chief Executive\nOfficer, Mr Wolfson is no longer a member of the Remuneration Committee.\n\n\nEnquiries:\n\n\nGETECH Group plc www.getech.com\n\nDerek Fairhead, Executive Chairman 0113 322 2200\n\nPeter Stephens, Non-Executive Chairman\n\n\n\nLandsbanki Securities (UK) Limited 020 7426 9000\n\nThilo Hoffmann\n\nSebastian Jones\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2058,"tagName":"div"}]