GETECH Group plc
22 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 of
Options' announcement released on 16 November 2007 at 10:06 under RNS number
8773H. The announcement should have stated that, following the issue of the new
options, the total number of shares under option in the Company is 2,372,346
ordinary shares, representing 8.6 per cent. of the current issued share capital
of the Company. The full amended text appears below.
Grant of Options
GETECH Group plc (GTC:AIM), the oil services business specialising in the
provision of exploration data and petroleum systems evaluations, announces,
following a recommendation from the Company's Remuneration Committee, the grant
of options to Raymond Wolfson, Chief Executive Officer, under the Company's EMI
share option scheme.
The Company's Remuneration Committee, excluding Mr Wolfson himself, has
recommended that Mr Wolfson be granted options over ordinary shares of 0.25
pence each ('Ordinary Shares'), as follows:
Number of options Exercise price Date upon which options can be
exercised
300,000 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 of
shares under option in the Company is 2,372,346 ordinary shares, representing
8.6 per cent. of the current issued share capital of the Company.
Notes: For the avoidance of doubt, the Remuneration Committee of the Company at
the time Mr. Wolfson's share option package was agreed comprised Peter Stephens,
David Roberts and Raymond Wolfson. Since his appointment as Chief Executive
Officer, Mr Wolfson is no longer a member of the Remuneration Committee.
Enquiries:
GETECH Group plc www.getech.com
Derek Fairhead, Executive Chairman 0113 322 2200
Peter Stephens, Non-Executive Chairman
Landsbanki Securities (UK) Limited 020 7426 9000
Thilo Hoffmann
Sebastian Jones
This information is provided by RNS
The company news service from the London Stock Exchange