GetBusy : Grant of Options and PDMR Dealings

28 January 2020

GetBusy plc

Grant of Options under Replacement Incentive Schemes and PDMR Dealings

GetBusy plc (AIM: GETB) ('GetBusy' or 'the Company' or 'the Group'), a developer of document management and communication software products, announces that, further to the approval by shareholders at the General Meeting on 7 January 2020, on 27 January 2020 it cancelled 4,452,326 existing options over ordinary shares in the Company and subsequently granted, in aggregate, 6,593,705 replacement options over ordinary shares in the Company to Daniel Rabie (Chief Executive Officer), Paul Haworth (Chief Financial Officer) and Ben Oliver (Chief Technology Officer), as detailed below.

The options have been granted under the Company's EMI Share Option Plan and Value Creation Plan (as defined in the circular ('Circular') to shareholders dated 19 December 2019, referred to together as the 'Replacement Incentive Schemes'). The background to and rationale for the adoption of the Replacement Incentive Schemes and details thereon can be found in the Circular, which is available on the Company's website at www.getbusy.com/about/investors.

Cancellation of options under existing schemes

The table below shows the number of options that were surrendered by the participants and cancelled by the Company:

Performance measurement date	Share price performance condition	Daniel Rabie (CEO)	Paul Haworth (CFO)	Ben Oliver (CTO)
3 August 2020	37.7p	1,570,727	612,000	488,669
3 August 2021	41.4p	305,419	119,000	95,019
3 August 2022	45.6p	305,419	119,000	95,019
3 August 2022	84.9p	436,313	170,000	135,741
Total	-	2,617,878	1,020,000	814,448

Issues of options under the Replacement Incentive Schemes

The table below shows the number of options that were granted under the Replacement Incentive Schemes:

	Daniel Rabie (CEO)	Paul Haworth (CFO)	Ben Oliver (CTO)
EMI Share Option Plan	2,196,428	892,857	892,857
Value Creation Plan	1,828,094	522,313	261,156
Total	4,024,522	1,415,170	1,154,013
% of issued share capital	8.23%	2.89%	2.36%

The options under the Replacement Incentive Schemes vest in accordance with the rules of the EMI Share Option Plan and the Value Creation Plan, both of which were summarised in the Appendix to the Circular, and collectively represent 13.48% of the issued share capital of the Company.

It should be noted that the rules of the EMI Share Option Plan and the Value Creation Plan both require that the total number of shares issued or issuable under the Group's incentive plans may not exceed 15% of the Company's ordinary share capital in any 10-year period.

The table below shows the resultant beneficial interests of Daniel Rabie, Paul Haworth and Ben Oliver in ordinary shares of the Company and in options over ordinary shares of the Company:

	Daniel Rabie (CEO)	Paul Haworth (CFO)	Ben Oliver (CTO)
Ordinary shares	1,570,789	70,000	30,824
Options over ordinary shares	4,024,522	1,415,170	1,154,013

Enquiries

GetBusy plc

[e-mail]

Liberum Capital Limited (Nomad and Broker)

Bidhi Bhoma / Cameron Duncan [phone]

About GetBusy

GetBusy is a global Document Management and Communication software business that provides highly secure forms of digital document distribution, workflows and client chat. 1.5 million users are now registered to share information through GetBusy's award-winning online client portals.

Further information on the Group is available at www.getbusy.com/about/investors

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daniel Rabie
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GetBusy plc
b)	LEI	213800LAMARZB9AQJ376
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 0.15 pence
	Identification code	ISIN: GB00BG0TSD71
b)	Nature of the transaction	Cancellation of existing options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	2,617,878
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	27 January 2020
f)	Place of the transaction	Off-market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Haworth
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GetBusy plc
b)	LEI	213800LAMARZB9AQJ376
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 0.15 pence
	Identification code	ISIN: GB00BG0TSD71
b)	Nature of the transaction	Cancellation of existing options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	1,020,000
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	27 January 2020
f)	Place of the transaction	Off-market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ben Oliver
2	Reason for the notification
a)	Position/status	Chief Technical Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GetBusy plc
b)	LEI	213800LAMARZB9AQJ376
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 0.15 pence
	Identification code	ISIN: GB00BG0TSD71
b)	Nature of the transaction	Cancellation of existing options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	814,448
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	27 January 2020
f)	Place of the transaction	Off-market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daniel Rabie
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GetBusy plc
b)	LEI	213800LAMARZB9AQJ376
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 0.15 pence
	Identification code	ISIN: GB00BG0TSD71
b)	Nature of the transaction	Grant of options under the Company's EMI Share Option Plan and Value Creation Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	4,024,522
d)	Aggregated information	N/A (single transaction)
	- Aggregated volume
	- Price
e)	Date of the transaction	27 January 2020
f)	Place of the transaction	Off-market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Haworth
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GetBusy plc
b)	LEI	213800LAMARZB9AQJ376
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 0.15 pence
	Identification code	ISIN: GB00BG0TSD71
b)	Nature of the transaction	Grant of options under the Company's EMI Share Option Plan and Value Creation Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	1,415,170
d)	Aggregated information	N/A (single transaction)
	- Aggregated volume
	- Price
e)	Date of the transaction	27 January 2020
f)	Place of the transaction	Off-market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ben Oliver
2	Reason for the notification
a)	Position/status	Chief Technical Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GetBusy plc
b)	LEI	213800LAMARZB9AQJ376
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 0.15 pence
	Identification code	ISIN: GB00BG0TSD71
b)	Nature of the transaction	Grant of options under the Company's EMI Share Option Plan and Value Creation Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	1,154,013
d)	Aggregated information	N/A (single transaction)
	- Aggregated volume
	- Price
e)	Date of the transaction	27 January 2020
f)	Place of the transaction	Off-market