Business
Grant of Share Options
Grant of Share Options.
About this update from Getech Group Plc
[{"type":"text","content":"\n\n8th May 2025\n \nGetech Group plc\n(\"Getech\" or the \"Company\")\nGrant of Share Options\n \nGetech (AIM: GTC), a world-leading locator of subsurface resources, makes the following announcement concerning a Grant of Options.\n \nGrant of Options\nOn 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\").\nThe Options include the following awards to directors and PDMRs:\n \n\n\n\n\nName\n\n\nPosition\n\n\nNumber of Options\n\n\n\n\nChris Jepps\n\n\nChief Executive Officer\n\n\n1,700,000\n\n\n\n\nSimon Brown\n\n\nFinance Director\n\n\n900,000\n\n\n\n\nMax Brouwers\n\n\nChief Business Development Officer\n\n\n900,000\n\n\n\n\n \nThe Options all have the following terms:\n \n· The Option exercise price of 0.25p, the nominal value of the shares\n· The Option term is 3 years\n· 35% will vest annually in 3 equal tranches,\n· The remaining 65% will vest subject to achievement of key metrics related to the Company's share price and financial performance during the period.\n \nAlongside 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.\n \nFor further information, please contact:\n \n\n\n\n\nGetech Group plc\nChris Jepps, CEO\n\n\n \nTel: 0113 322 2200\n\n\n\n\n\n\n\n\n\n\n\n\nCavendish Capital Markets Limited\nNeil McDonald / Pete Lynch (Corporate Finance)\nMichael Johnson / Dale Bellis (Sales)\n \n\n\n \nTel: 0207 397 8900\n \n\n\n\n\nNovella Communications\n\n\nTel: 0203 151 7008\n\n\n\n\nTim Robertson / Safia Colebrook\n\n\n\n\n\n\n\[email protected]\n\n\n\n\n\n\n\n \n \nNotes to editors:\n \nAbout Getech\n \nGetech is a leading locator of the energy and mineral resources essential for the world's energy transition. The Company combines unique geoscience expertise, AI-driven analytics, and extensive GIS capabilities t...