PHC.L Regulatory News (PHC)

2 Apr 2008 18:18

Plant Health Care PLC02 April 2008 Plant Health Care plc2 April 2008 For immediate release 2 April 2008 PLANT HEALTH CARE plc (THE "COMPANY") 1) ALLOTMENT OF SHARES/ DIRECTORS' SHAREHOLDINGS 2) VESTING OF SHARES UNDER 2007 LONG TERM INCENTIVE PLAN ("LTIP") 3) GRANT OF AWARD UNDER 2007 LONG TERM INCENTIVE PLAN 1) On 1 April 2008, the Company approved the allotment of 7,569 ordinary sharesof 1p ("Ordinary Shares") to the following non-executive directors, inaccordance with the Company's existing contractual arrangements, which comprisepart of the non-executive directors' remuneration packages and are payable inlieu of a part of their salary. The shares were allotted at 267.5p per share,calculated at the closing middle market price derived from the Daily OfficialList on 31 March 2008. Non-executive Value of remuneration used to Number of Ordinary Sharesdirector purchase shares allotted Dr. AlbertFischer £9,750.00 3,644 Dr. RobertChanson £3,437.50 1,285 Thomas Isler £7,062.50 2,640 Following the above allotments, the Company was notified today that, on 2 April2008, Dr. Chanson sold 2,640 Ordinary Shares in an off-market transaction at aprice of 267.5p per Ordinary Share. 2)On 1 April 2008, the Company approved the allotment of 20,000 Ordinary Shares to John Brady following the vesting of shares awarded under the Company's 2007 Long Term Incentive Plan. The consideration paid for the shares was 1p per share. Following the above allotment, the Company was notified today that, on 2 April2008, Mr. Brady sold 5,605 Ordinary Shares at a price of 275.5p per OrdinaryShare. Mr. Brady intends to use the sale proceeds to satisfy the tax liabilityon the shares vesting under his LTIP award. 3)On 1 April 2008, the Company granted 33,333 Ordinary Shares to Stephen Weaver,Finance Director, under the Company's 2007 Long Term Incentive Plan. The shares will vest, subject to the satisfaction of certain objectiveperformance conditions in 2010, at the end of three years. Following the above-mentioned allotments, transactions and grant, the beneficialinterests of the directors concerned in the Ordinary Share capital of theCompany are as shown below: Name Ordinary Share Percentage of Share LTIPs holding issued Ordinary Options Share capital John 14,395 0.03 1,200,000 200,000Brady Stephen Nil N/A Nil 125,000Weaver Dr. AlbertFischer 154,736 0.35 225,000 N/A Dr. RobertChanson 135,166 0.30 210,000 N/A Thomas 409,294 0.92 202,500 N/AIsler Application has been made for 27,569 Ordinary Shares (the 'New Shares') to beadmitted to trading on AIM and admission is expected to occur on 8 April 2008.The New Shares will rank pari passu with the Company's existing Ordinary Shares. Following admission of the New Shares, the total issued share capital of theCompany will be 44,736,798 Ordinary Shares, all of which have voting rights. The above figure (44,736,798) may be used by shareholders as the denominator forthe calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Plant Health Care plc underthe FSA's Disclosure and Transparency Rules. 2 April 2008 Andrew C. Wood FCISCompany Secretary020 8866 5702 Evolution Securities Limited Tavistock CommunicationsTim Worlledge/Tim Redfern Jeremy Carey/Matt RidsdaleTel: 020 7071 4300 Tel: 020 7920 3150 This information is provided by RNS The company news service from the London Stock Exchange