Phytopharm PLC
12 May 2005
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED
PERSONS
1) NAME OF COMPANY
PHYTOPHARM PLC
2) NAME OF DIRECTOR
DR R P DIXEY
3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder
if it is a holding of that person's spouse or children under the
age of 18 or in respect of an non-beneficial interest
AS 2 ABOVE
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them. (If notified)
AS 2 ABOVE
5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)
AS 2 ABOVE
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
GRANT OF SHARE OPTIONS UNDER THE PHYTOPHARM PERFORMANCE SHARE PLAN 2003
7) Number of shares/amount of
stock acquired
8) Percentage of issued Class
9) Number of shares/amount
of stock disposed
10) Percentage of issued Class(any treasury shares held by company should not
be taken into account when calculating percentage)
11) Class of security
12) Price per share
13) Date of transaction
14) Date company informed
15) Total holding following this notification
16) Total percentage holding of issued class following this notification
IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES
17) Date of grant
11 MAY 2005
18) Period during which or date on which exercisable
11 MAY 2008 TO 10 MAY 2015 SUBJECT TO PERFORMANCE CRITERIA
19) Total amount paid (if any) for grant of the option
NIL
20) Description of shares or debentures involved: class, number.
23,055 PHYTOPHARM PLC ORDINARY 1 PENCE SHARES
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
125.5 PENCE
22) Total number of shares or debentures over which options held
following this notification
406,064
23) Any additional information
PERFORMANCE CRITERIA ARE BASED ON TOTAL SHAREHOLDER
RETURN COMPARED TO COMPARATOR GROUPS ON THE THIRD
ANNIVERSARY OF GRANT. NO OPTIONS VEST FOR BELOW MEDIAN
PERFORMANCE, 25% VEST FOR MEDIAN PERFORMANCE AND 100% VEST
FOR UPPER DECILE AND ABOVE WITH PRORATE VESTING BETWEEN MEDIAN
AND UPPER DECILE PERFORMANCE. FOR 15,370 OPTIONS THE COMPARATOR GROUP
COMPRISES 27 OTHER UK LISTED BIOTECH COMPANIES, AND FOR 7,685
OPTIONS THE COMPARATOR GROUP IS THE FTSE SMALL CAP INDEX.
24) Name of contact and telephone number for queries
25) Name and signature of authorised company official responsible for
making this notification DR G W CHONG
Date of Notification 12 MAY 2005
This information is provided by RNS
The company news service from the London Stock Exchange
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