Grant of options

RNS Number : 7348F

Plant Health Care PLC

22 May 2017

 

22 May 2017

Plant Health Care plc

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

Grant of options

The Company announces that on 19 May 2017, options over a total of 1,503,673 ordinary shares of 1p each ("Ordinary Shares") were granted to Christopher Richards, Executive Chairman and Interim CEO, and options over a total of 1,339,115 Ordinary Shares were granted to Richard Webb, Executive Director. These awards were made in accordance with the terms of a share option agreement approved by the Company's Remuneration Committee on 19 May 2017, under which the options have an exercise price of £0.26, have a 10 year life and are each subject to performance conditions and vesting periods.

In addition, the Company today reports that options over Ordinary Shares granted pursuant to the Company's Value Creation Plan ("VCP") have expired and are no longer capable of being exercised by employees. This includes the options granted to Christopher Richards under the VCP.

Further, the Company announces that options over a total of 1,790,000 Ordinary Shares, as announced on 18 June 2015 granted to Christopher Richards and Richard Webb pursuant to the Company's 2015 Employee Share Plan, have been surrendered.

The table below sets out the impact of the above announcements and the resulting number of options held by Christopher Richards and Richard Webb:

Director	Pre-existing position	Expired VCP options	2015 Employee Share Plan Options surrendered	Options granted on 19 May 2017	Resulting position
Christopher Richards	1,577,000	862,000	715,000	1,503,673	1,503,673
Richard Webb	1,203,205	Nil	1,075,000	1,339,115	1,467,320

Following this grant of options, there will be outstanding options over a total of 5,993,363 Ordinary Shares representing 4.05% of the Company's issued share capital.

Plant Health Care plc Chris Richards - Executive Chairman and Interim CEO Jeffrey Hovey - Chief Financial Officer	[phone]
Liberum - Nomad and Broker Clayton Bush Chris Clarke	[phone]

Company website: www.planthealthcare.com

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dr. Christopher Richards		Dr. Richard H Webb
2.	Reason for the Notification
a)	Position/status	Executive Chairman and Interim CEO		Executive Director
b)	Initial notification/ Amendment	Initial notification		Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plant Health Care plc		Plant Health Care plc
b)	LEI	pending		pending
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 1 penny each		Ordinary Shares of 1 penny each
	Identification code	GB00B01JC540		GB00B01JC540
b)	Nature of the transaction	Grant of options		Grant of options
c)	Price(s) and volume(s)	Price	Volume	Price	Volume
		N/A	1,503,673	N/A	1,339,115
d)	Aggregated information: ·Aggregated volume ·Price	Single transaction as in 4c) above 1,503,673 N/A		Single transaction as in 4c) above 1,339,115 N/A
e)	Date of the transaction	19 May 2017		19 May 2017
f)	Place of the transaction	Outside a trading venue		Outside a trading venue

 

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