Plant Health Care PLC Grant of options (3227P)
09 Junio 2020 - 1:00AM
UK Regulatory
TIDMPHC
RNS Number : 3227P
Plant Health Care PLC
09 June 2020
9 June 2020
Plant Health Care plc
("Plant Health Care" or the "Company")
Grant of options
Plant Health Care(R), a leading provider of novel
patent-protected biological products to global agriculture markets,
is pleased to announce changes to the long-term incentive package
of key employees.
The Company's Remuneration Committee aims to incentivise and
motivate key employees, to align interests with shareholders. The
Committee has reviewed existing long-term incentives and believes
that they do not adequately achieve that aim. The Committee has
therefore decided that directors should be invited to surrender
Options which have an exercise price of 20p or above per share and
replace them with new options with an exercise price of 10p per
share. The new options are offered at the ratio of 80 shares in the
Company under option for every 100 shares in the Company under
option being surrendered.
The Board has therefore agreed to accept the surrender of
options over 7,695,733 ordinary shares of 1p in the Company (the
"Existing Options") by certain directors, being Dr Christopher
Richards, Chief Executive Officer, Dr Richard Webb, Non-executive
Chairman, Jeffrey Hovey, Chief Financial Officer, and Jeffrey
Tweedy, Chief Operating Officer. These Existing Options, which have
a weighted average exercise price of 29p, will be replaced by
options over 6,156,586 ordinary shares of 1p (the "New Options").
The option grants have been made under the Plant Health Care plc
2017 Employee Share Option Plan and Plant Health Care plc 2017
Non-Employee Share Option Plan as appropriate. The New Options have
an exercise price of 10p per share and a 5-year life.
The table provides additional details:
Existing Options surrendered New Options
(number of shares in the Company (number of
under option) shares in
the Company
under option)
2004 Share 2017 Employee/Non-Employee
Option 2015 Employee 2017 Employee Share Plan
Name of Director Scheme Share Plan Share Plan (as appropriate)
Christopher Richards - - 3,363,777 2,691,022
Richard Webb 128,205 - 1,945,522 1,658,981
Jeffrey Hovey - 295,646 733,224 823,096
Jeffrey Tweedy - - 1,229,359 983,487
Plant Health Care plc
Chris Richards - CEO
Jeffrey Hovey - Chief Financial
Officer +1 919 926 1600
Arden Partners plc - Nomad and
Broker
John Llewellyn-Lloyd / Dan Gee-Summons
Company website: www.planthealthcare.com +44 (0) 20 7614 5900
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/ Initial notification
Amendment
------------------------------- --------------------------------
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 Ordinary Shares of
Financial instrument, 1p each
type of instrument
Identification code GB00B01JC540
------------------------------- --------------------------------
b) Nature of the transaction Grant of options
------------------------------- --------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------- ---------- --------------------
10p 2,691,022
--------------------------- ------------- ---- ---------- --------------------
d) Aggregated information:
* Aggregated volume 2,691,022
As above
* Price
----------------------------------- --------------------------------
e) Date of the transaction 8 June 2020
----------------------------------- --------------------------------
f) Place of the transaction Outside a trading
venue
----------------------------------- --------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
a) Name Dr Richard Webb
-------------------------------- --------------------------
2. Reason for the Notification
------------------------------------------------------------
a) Position/status Non-executive Chairman
-------------------------------- --------------------------
b) Initial notification/ Initial notification
Amendment
-------------------------------- --------------------------
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 Ordinary Shares of
the Financial instrument, 1p each
type of instrument
Identification GB00B01JC540
code
-------------------------------- --------------------------
b) Nature of the transaction Grant of options
-------------------------------- --------------------------
c) Price(s) and volume(s) Price Volume
-------------------------------- ---------- --------------
10p 1,658,981
------------------------------------- ---------- --------------
d) Aggregated information:
* Aggregated volume 1,658,981
As above
* Price
-------------------------------- --------------------------
e) Date of the transaction 8 June 2020
-------------------------------- --------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
a) Name Mr Jeffrey Hovey
---------------------------------- --------------------------
2. Reason for the Notification
--------------------------------------------------------------
a) Position/status Chief Financial Officer
---------------------------------- --------------------------
b) Initial notification/ Initial notification
Amendment
---------------------------------- --------------------------
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 Ordinary Shares of
the Financial instrument, 1p each
type of instrument
Identification GB00B01JC540
code
---------------------------------- --------------------------
b) Nature of the transaction Grant of options
---------------------------------- --------------------------
c) Price(s) and volume(s) Price Volume
---------------------------------- ----------- -------------
10p 823,096
--------------------------------------- ----------- -------------
d) Aggregated information:
* Aggregated volume 823,096
As above
* Price
---------------------------------- --------------------------
e) Date of the transaction 8 June 2020
---------------------------------- --------------------------
f) Place of the transaction Outside a trading venue
---------------------------------- --------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
a) Name Mr Jeffrey Tweedy
--------------------------------- --------------------------
2. Reason for the Notification
-------------------------------------------------------------
a) Position/status Chief Operating Officer
--------------------------------- --------------------------
b) Initial notification/ Initial notification
Amendment
--------------------------------- --------------------------
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 Ordinary Shares of
Financial instrument, 1p each
type of instrument
Identification code GB00B01JC540
--------------------------------- --------------------------
b) Nature of the transaction Grant of options
--------------------------------- --------------------------
c) Price(s) and volume(s) Price Volume
--------------------------------- ------------ ------------
10p 983,487
-------------------------------------- ------------ ------------
d) Aggregated information:
* Aggregated volume 983,487
As above
* Price
--------------------------------- --------------------------
e) Date of the transaction 8 June 2020
--------------------------------- --------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- --------------------------
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END
DSHSSSFAAESSEIM
(END) Dow Jones Newswires
June 09, 2020 02:00 ET (06:00 GMT)
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