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18 Jun 2015 07:00
Plant Health Care plc
Thursday, 18 June 2015
PLANT HEALTH CARE plc (THE "COMPANY")
DIRECTOR'S DEALING - GRANT OF SHARE OPTIONS
On 16 June 2015, options over ordinary shares of 1p ("Ordinary Shares") were granted to the following Directors at an exercise price of 107p per share:
Dr. Christopher Richards 715,000 options
Dr. Richard H. Webb 1,075,000 options
The options have been granted under the Company's Enterprise Management Incentive (EMI) option scheme and unapproved share option scheme and have a four-year life.
Under the terms of the options, interests will vest in equal proportions on or after the three consecutive anniversaries of the grant, subject additionally to the following performance conditions linked to attainment of thresholds for the sixty day average closing share price:
Performance condition (Maximum threshold attained) | Proportion of options available for exercise |
No condition | 25% |
150p | 50% |
175p | 75% |
200p | 100% |
Following the above-mentioned grants of options, the beneficial interest of the Directors concerned in the Ordinary Share capital of the Company is as shown below:
Name
| Ordinary Share holding
| Percentage of Ordinary Share capital | Share Options
| LTIPs |
Dr. Richards | 76,324 | 0.11% | 1,577,000 | NIL |
Dr. Webb | 10,000 | 0.01% | 1,203,205 | NIL |
-: Ends :-
Enquiries:
Plant Health Care plc
Andrew Wood, Company Secretary
Tel: +44 (0) 20 8866 5702
ir@planthealthcare.com
Liberum - Nomad and Broker
Clayton Bush
Tel: +44 (0) 20 3100 2000
LHA
Ed McGregor / Jody Burfening
Tel: +1 (212) 8383777
Company website: www.planthealthcare.com
About Plant Health Care: Plant Health Care is a leading provider of novel patent-protected biological products to the global agriculture markets. Through the commercialisation of these products, Plant Health Care is capitalising on current long-term trends toward natural systems and biological products for plant care and soil and water management. The Company's ordinary shares have been quoted on the AIM market of the London Stock Exchange since July 2004 (ticker symbol: PHC).
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