Director / PDMR Shareholding

RNS Number : 9502C

Plant Health Care PLC

14 October 2022

 

Plant Health Care plc

("Plant Health Care" or "the Company")

Director / PDMR Shareholding

and Total Voting Rights

 
Plant Health Care, a leading provider of novel patent-protected biological products to global agricultural markets, announce s that , on 12 October 202 2, a total of 2,275,000 new Ordinary Shares (the 'New Ordinary Shares') were issued pursuant to the exercise of options by employees under the Company's 2017 Employee Share Option Plan (the ' Plan ').  

As announced on 7 October 2020, the Company had awarded 6,500,000 Options (the ' Options ') to employees with an exercise price of 1p per ordinary share in the Company (the ' Ordinary Shares '). Under the Plan the Options vest upon the earlier of: (a) the date of a Change of Control; or (b) upon satisfaction of the Performance-Based Requirement. The Performance-Based Requirement i n respect of 70% of the O ptions (rounded to the nearest whole number) is that no O ption may be exercised until the date on which the arithmetic mean closing price of the Ordinary S hares over 30 consecutive trading dates after the date of grant has exceeded 15p per S hare . This criteria was achieved and, as a result, certain employees have decided to exercise their Options.

Of the Options exercised, Jeffrey Tweedy, Chief Executive Officer, and Jeffrey Hovey, Chief Financial Officer, have each exercised 827,273 Options.

Following these transactions, Jeffrey Hovey is interested in 871,696 Ordinary Shares representing 0.28% of the issued share capital of the Company and Jeffrey Tweedy is interested in 956,426 Ordinary Shares representing 0.31% of the issued share capital of the Company

Application for admission of the New Ordinary Shares to trading on AIM ('Admission') has been made and dealings in the New Ordinary Shares are expected to commence on or around 8.00 a.m. on 20 October 2022. The New Ordinary Shares will rank pari-passu with the Company's existing issued Ordinary Shares.

Total voting rights

Following the issue of the New Ordinary Shares, the Company has 306,937,482 Ordinary Shares in issue with no shares held in treasury. This is the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries

Plant Health Care plc	[phone]
Jeffrey Tweedy - Chief Executive Officer
Jeffrey Hovey - Chief Financial Officer
Cenkos Securities plc - Nomad and Broker Neil McDonald / Peter Lynch	[phone]
SEC Newgate - Financial Communications Robin Tozer / Richard Bicknell / George Esmond	[phone] [e-mail]

Company website: www.planthealthcare.com

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jeffrey Tweedy
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plant Health Care plc
b)	LEI	213800KBQPJZ2FM8QH27
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 Identification code	Ordinary Shares of 1p each GB00B 01JC540
b)	Nature of the transaction	Issue of Shares following exercise of options
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.01 827,273
d)	Aggregated information - Aggregated volume - Price	827,273 £8,272.73
e)	Date of the transaction	12.10. 202 2
f)	Place of the transaction	AIM, London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jeffrey Hovey
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plant Health Care plc
b)	LEI	213800KBQPJZ2FM8QH27
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 Identification code	Ordinary Shares of 1p each GB00B 01JC540
b)	Nature of the transaction	Issue of Shares following exercise of options
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.01 827,273
d)	Aggregated information - Aggregated volume - Price	827,273 £8,272.73
e)	Date of the transaction	12.10. 202 2
f)	Place of the transaction	AIM, London Stock Exchange

 

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