Last checked at 18 Mar 2021 13:57
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN
18 March 2021
Plant Health Care plc
("Plant Health Care", or the "Company")
Results of Placing and Subscription
Plant Health Care plc, a leading provider of novel patent-protected biological products to global agricultural markets, today announces that, further to its announcement at 7.00 a.m. today (the "Placing Announcement"), it has successfully completed the Fundraising which is now closed.
The Placing and Subscription has raised approximately $10.0 million (before expenses) through the placing of 50,397,913 new Ordinary Shares of £0.01 each ("Ordinary Shares") with investors at an Issue Price of 14 pence per share. The Fundraising was substantially over-subscribed.
Capitalised terms used in this announcement (this "Announcement") have the meanings given to them in the Placing Announcement, unless the context provides otherwise.
Director participation
The following Directors of the Company participated in the Fundraising:
Name of Director | Number of Placing Shares subscribed for | Number of Subscription Shares subscribed for | Total Ordinary Shares following the Fundraising | Total interest in the enlarged issued share capital |
Christopher Richards | 392,000 | - | 2,975,015 | 1.0% |
Richard Webb | 35,714 | - | 1,300,978 | 0.4% |
Jeff Hovey | - | 15,347 | 44,423 | |
Jeff Tweedy | - | 12,789 | 79,153 |
Subscription
Under the Subscription, the Company has raised approximately US$0.7 million (before expenses) conditional upon Admission of the Subscription Shares by way of the subscription at the Issue Price of 3,634,863 Subscription Shares.
Admission
Completion of the Placing and Subscription remains subject, inter alia, to Admission of the Placing Shares and Subscription Shares. It is expected that dealings in the Placing Shares and Subscription Shares will commence at 8.00 a.m. on 24 March 2021 (or such time and/or date as the Company and the Joint Brokers may agree, being not later than 30 April 2021).
Total voting rights
Following Admission of the Placing Shares and Subscription Shares, the Company will have a total of 302,387,482 Ordinary Shares in issue. With effect from Admission of the Placing Shares and Subscription Shares, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules of the FCA.
For further information, please contact:
Plant Health Care plc | Tel: +1 919 926 1600 |
Chris Richards, CEO | |
Arden Partners plc - Nomad & Joint Broker | Tel: +44 (0) 20 7614 5900 |
John Llewellyn-Lloyd / Benjamin Cryer | |
Cenkos Securities plc - Joint Broker | Tel: +44 (0) 20 7391 8900 |
Neil McDonald / Peter Lynch |
PDMR Notification Form
The notification below is made in accordance with the requirements of MAR.
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | a) Christopher Richards b) Richard Webb c) Jeffrey Hovey d) Jeffrey Tweedy |
2 | Reason for the notification | |
a) | Position/status | a) Chief Executive Officer b) Non-Executive Chairman c) Chief Financial Officer d) 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 instrument Identification code | Ordinary Shares of 1p each
GB00B01JC540 |
b) | Nature of the transaction | Participation in placing and subscription |
c) | Price(s) and volume(s) | Price - 14p Volumes: a) 392,000 b) 35,714 c) 15,347 d) 12,789 |
d) | Aggregated information | See 4c) above |
e) | Date of the transaction | 18 March 2021 |
f) | Place of the transaction | London Stock Exchange, AIM |