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11 Nov 2008 10:09
Phytopharm plc
11 November 2008
DIRECTOR/PDMR SHAREHOLDING - Purchase of Ordinary Shares (the "Shares") in Phytopharm plc (the "Company") by Directors of the Company under its employee Share Incentive Plan (the "SIP").
The SIP trustee, Equiniti Share Plan Trustees Limited (the "Trustee"), notified the Company on 10 November 2008 that the following Directors of the Company acquired Shares under the SIP on 7 November 2008, in each case, held by the Trustee:
|
Director |
Number of shares acquired* |
Aggregate number of Shares held beneficially following acquisition (across all accounts) |
|
Daryl Rees |
2,082 |
135,665 |
|
Piers Morgan |
2,082 |
135,665 |
\* The number of Shares acquired includes 1,041 Partnership Shares purchased by each of these Directors at 12 pence and 1,041 Matching Shares issued to each of these Directors. Both partnership and matching elements are registered in the name of the Trustee.
The SIP operates as follows:
Each month the Trustee uses participants' contributions (which may not exceed £125 per participant per month) to purchase shares in the market. These shares are called "Partnership Shares".
At the same time the Company issues to participants via the Trustee one "Matching Share" for every Partnership Share purchased that month. These Matching Shares are purchased in the market and will vest with the employee three years from the date of purchase.
For further information, please contact:
Zoe McGowan, Head of Finance
Phytopharm plc Tel No: +44 (0)1480 437697
Further information about Phytopharm can be found on the Company's website www.phytopharm.com
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