13 Jun 2008 12:47
Phytopharm plc
13 June 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 13 June 2008 that the following Directors of the Company acquired Shares under the SIP on 9 June 2008, in each case, held by the Trustee:
Director Number of Aggregate number of Shares held beneficially Shares acquired* following acquisition (across all accounts)
Daryl Rees 1,136 127,599
Piers Morgan 1,136 127,599
\* The number of Shares acquired includes 568 Partnership Shares purchased by each of these Directors at 22 pence and 568 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, Company Secretary
Phytopharm plc Tel No: +44 (0)1480 437697
Further information about Phytopharm can be found on the Company's website www.phytopharm.com
Ixico (IXI)