Director/PDMR Shareholding

RNS Number : 3352P

Phytopharm PLC

01 October 2013

 

Director / PDMR Shareholding

Phytopharm PLC

("the Company" or "Phytopharm")

1 October 2013

Director's dealings

The Company today announces that it was notified on 30 September 2013 that, on the same day, Charles Spicer, Vice President of Corporate Development of IXICO Limited ("IXICO"), purchased 33,082 Ordinary Shares of 50p each in Phytopharm at a price of 60 pence per Ordinary Share.

On 23 September 2013, Phytopharm announced that terms had been agreed for the conditional acquisition of IXICO. The acquisition of IXICO is classified as a reverse takeover under the AIM Rules and is therefore conditional, inter alia, on the approval of Shareholders in a general meeting.  

As a consequence of this share purchase, Charles Spicer, a proposed Director of Phytopharm (to be renamed IXICO plc upon completion), has a total holding of 33,082 Ordinary Shares, representing 0.48% of Phytopharm's issued share capital. Following completion, Charles Spicer's beneficial interest in the Company is expected to be 33,082 Ordinary Shares, representing 0.22% of the Company's enlarged issued share capital.

Enquiries                                    

Phytopharm plc                               

Tim Sharpington, CEO                         

[phone]                             

Peel Hunt LLP (Nominated Adviser and Broker)

James Steel

Vijay Barathan

[phone]

Investor Relations

FTI Consulting Limited

Ben Atwell

Simon Conway

John Dineen

[phone]

 

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