GETECH GROUP PLC — Remuneration Information 2021

Apr 27, 2021

National Storage Mechanism | Additional information

RNS Number : 6505W

GETECH Group plc

27 April 2021

27 April 2021

Getech Group plc

("Getech" or the "Company")

Board Change and Extension of Options

Getech, a provider of data, knowledge and software to the energy industry, is pleased to announce that, further to the announcement of 28 January 2021, following a handover period with Dr Stuart Paton, Richard Bennett has assumed the position of Non-Executive Chairman of Getech.

Dr Paton will continue as a Non-Executive Director of the Company and as Chairman of H2 Green Limited, Getech's recently acquired subsidiary which is focussed on establishing a network of large-scale hydrogen generation, storage and refuelling hubs to support public and commercial transport fleets. Dr Paton will therefore continue to be involved with the Company, ensuring the retention of his experience and skills developed over the 10 years that he has been part of the Board.

Dr Stuart Paton has options over ordinary shares of 0.25p in the Company ("Ordinary Shares") that expire on 27 April 2021.  The Company has agreed to extend the period that Dr Paton has such options by one year. To this effect, the company has granted new options over Ordinary Shares, in place of the existing options, to have effect from 27 April 2021, and that the expiry date for the options over the Ordinary Shares shall be 27 April 2022.  All the remaining terms that applied to the previous options, including the vesting criteria, are contained in the new options.   

Director	Number of Shares	Exercise Price	Previous Expiry Date	New Expiry Date
Dr Stuart Paton	900,000	17.50p	27 April 2021	27 April 2022

For further information, please contact:

Getech Group plc Jonathan Copus, Chief Executive	Tel:  0113 322 2200
Cenkos Securities plc Neil McDonald / Pete Lynch (Corporate Finance) Michael Johnson / Julian Morse (Sales)	Tel:  0207 397 8900
Camarco James Crothers / Ollie Head / Toby Strong	Tel: 020 3781 8331

Notes to editors:

Getech (AIM: GTC) has a well-established position within the global energy market, assisting clients with its unique combination of products and services, that utilise the Group's sub-surface skills and geospatial design and implementation capabilities alongside a deep knowledge and understanding of how to deploy data.

The Company is leveraging its strong market position, utilising its existing expertise, and targeting additional commercial opportunities, to de-risk and accelerate the global transition to renewable sources of energy while strengthening its existing and well-established business.

Getech is listed on the AIM market of the London Stock Exchange. For further information, please visit www.getech.com

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stuart Paton

2.

Reason for the Notification

a)

Position/status

Non-Executive Chairman

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Getech Group plc

b)

LEI

213800L36BCDMGT89738

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of no par value

Identification code

GB00B0HZVP95

b)

Nature of the Transaction

Extension of share option expiry date

c)

Price(s) and volume(s)

Share Options	Exercise Price	New Expiry Date
900,000	17.50 pence	27 April 2022

d)

Aggregated information

Aggregated volume Price

-

e)

Date of the transaction

26 April 2021

f)

Place of the transaction

N/A

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHSEEESMEFSELL