We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Plant Health Care Plc | LSE:PHC | London | Ordinary Share | GB00B01JC540 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.94 | 27.09% | 4.41 | 4.12 | 4.70 | 4.80 | 3.64 | 3.64 | 4,788,628 | 16:35:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Pesticides, Agric Chems, Nec | 11.77M | -9.48M | -0.0278 | -1.58 | 15.03M |
TIDMPHC
RNS Number : 3024B
Plant Health Care PLC
07 October 2020
The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
Plant Health Care plc
("Plant Health Care" or "the Company")
Grant of Options
Director/PDMR shareholding s
Plant Health Care, a leading provider of novel patent-protected biological products to global agricultural markets, announce s that on 6 October 2020 the Company awarded options to executive directors and certain employees under the Company's 2017 Employee Share Option Plan (the ' Plan ').
The Company has awarded 6.5m options with an exercise price of 1p per share under the Plan (representing 2.58% of the Company's current issued share capital) that vest upon the earlier of: (a) the date of a Change of Control; or (b) upon satisfaction of the Performance-Based Requirement and in addition, for United States employees, the Service-Based Requirement.
Performance-Based Requirement:
(i) In respect of 70% of the options (rounded to the nearest whole number) no option may be exercised until the date on which the arithmetic mean closing price of the Company's shares over 30 consecutive trading dates after the date of grant has exceeded 15p per share; and
(ii) In respect of the balance of the options, no options may be exercised until the date on which the arithmetic mean closing price of the Company's shares over 30 consecutive trading days after the date of grant has exceeded 27p per share.
Service-Based Requirement: for all United States employees no option shall be exercised before the two-year anniversary of the date of grant.
Those options that have not vested will expire after five years from the date of grant. All options are also fully convertible at the discretion of the Remuneration Committee of the Company.
Of the options granted, the following awards have been made to the executive directors, being Chris Richards, Jeffrey Hovey and Jeffrey Tweedy.
Name Position Number o f s hares s ubject t o t he Option Chief Executive Christopher Richards Officer 3,250,000 ================= ============================ Chief Financial Jeffrey Hovey Officer 1,181,818 ================= ============================ Chief Operating Jeffrey Tweedy Officer 1,181,818 ================= ============================
Related Party Transactions
The award of the options to Chris Richards, Jeffrey Hovey and Jeffrey Tweedy , as set out above, constitute related party transactions pursuant to Rule 13 of the AIM Rules for Companies . The Independent Directors , being all Directors save for Chris Richards, Jeffrey Hovey and Jeffrey Tweedy , consider, having consulted with the Company's nominated adviser, Arden, that the award of the options to Chris Richards, Jeffrey Hovey and Jeffrey Tweedy are fair and reasonable insofar as the Company's shareholders are concerned.
Bill Lewis, Chair of the Remuneration Committee commented:
"PHC's management is unusually well qualified and experienced, as is frequently remarked to us by channel partners and competitors alike. Our new options scheme, linked to a sustained increase in the share price over the next two years, is intended to align senior management incentives more closely to shareholder value."
Enquiries
Plant Health Care plc +1 919 926 1600 Chris Richards - CEO Jeffrey Hovey - Chief Financial Officer Arden Partners plc - Nomad and Broker John Llewellyn-Lloyd / Dan Gee-Summons +44 (0)20 7614 5900
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 Dr Christopher Richards -------------------------------------------------------- ------------------------------------------------------- 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 Options over Ordinary Shares of 1p each instrument Identification code GB00B 01JC540 -------------------------------------------------------- ------------------------------------------------------- b) Nature of the transaction Grant of 1p options u nder the 2017 Employee Share Option Plan -------------------------------------------------------- ------------------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 1p 3,250,000 ---------- -------------------------------------------------------- ------------------------------------------------------- d) Aggregated information- Aggregated volume - Price 3,250,000 ordinary shares of 1p per share par value As above -------------------------------------------------------- ------------------------------------------------------- e) Date of the transaction 06.10. 2020 -------------------------------------------------------- ------------------------------------------------------- f) Place of the transaction Outside a trading venue -------------------------------------------------------- ------------------------------------------------------- 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 Options over Ordinary Shares of 1p each instrument Identification code GB00B 01JC540 -------------------------------------------------------- ------------------------------------------------------- b) Nature of the transaction Grant of 1p Options under the 2017 Employee Share Option Plan
-------------------------------------------------------- ------------------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 1p 1,181,818 ---------- -------------------------------------------------------- ------------------------------------------------------- d) Aggregated information- Aggregated volume - Price 1,181,818 ordinary shares of 1p per share par value As above -------------------------------------------------------- ------------------------------------------------------- e) Date of the transaction 06.10. 2020 -------------------------------------------------------- ------------------------------------------------------- f) Place of the transaction Outside a trading venue -------------------------------------------------------- ------------------------------------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Jeffrey Tweedy -------------------------------------------------------- ------------------------------------------------------- 2 Reason for the notification ----------------------------------------------------------------------------------------------------------------- a) Position/status Chief Operating 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 Options over Ordinary Shares of 1p each instrument Identification code GB00B 01JC540 -------------------------------------------------------- ------------------------------------------------------- b) Nature of the transaction Grant of 1p options under the 2017 Employee Share Option Plan -------------------------------------------------------- ------------------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 1p 1,181,818 ---------- -------------------------------------------------------- ------------------------------------------------------- d) Aggregated information- Aggregated volume - Price 1,181,818 ordinary shares of 1p per share par value As above -------------------------------------------------------- ------------------------------------------------------- e) Date of the transaction 06.10. 2020 -------------------------------------------------------- ------------------------------------------------------- f) Place of the transaction Outside a trading venue -------------------------------------------------------- -------------------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHFSLFUMESSELS
(END) Dow Jones Newswires
October 07, 2020 02:00 ET (06:00 GMT)
1 Year Plant Health Care Chart |
1 Month Plant Health Care Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions