Director/PDMR Shareholding

RNS Number : 6811W

Phytopharm PLC

13 June 2008

 



Phytopharm plc

13 June 2008

DIRECTOR/PDMR SHAREHOLDING - Purchase of Ordinary Shares (the 'Shares') in Phytopharm plc (the 'Company') by Directors of the Company under its employee Share Incentive Plan (the 'SIP').

The SIP trustee, Equiniti Share Plan Trustees Limited (the 'Trustee'), notified the Company on 13 June 2008 that the following Directors of the Company acquired Shares under the SIP on 9 June 2008, in each case, held by the Trustee:

Director                     Number of                                                     Aggregate number of Shares held beneficially
                                 Shares acquired*                                                  following acquisition (across all accounts)

Daryl Rees                1,136                                                                                                                    127,599

Piers Morgan            1,136                                                                                                                    127,599

*The number of Shares acquired includes 568 Partnership Shares purchased by each of these Directors at 22 pence and 568 Matching Shares issued to each of these Directors. Both partnership and matching elements are registered in the name of the Trustee.

The SIP operates as follows:

Each month the Trustee uses participants' contributions (which may not exceed £125 per participant per month) to purchase shares in the market. These shares are called 'Partnership Shares'.

At the same time the Company issues to participants via the Trustee one 'Matching Share' for every Partnership Share purchased that month. These Matching Shares are purchased in the market and will vest with the employee three years from the date of purchase.

For further information, please contact:

Zoe McGowan, Company Secretary

Phytopharm plc Tel No: [phone]

Further information about Phytopharm can be found on the Company's website www.phytopharm.com

 

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