Source - LSE Regulatory
RNS Number : 7602S
Plant Health Care PLC
18 March 2021
 

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

<0.0%

Jeff Tweedy

-

12,789

79,153

<0.0%

 

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

 

 

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END
 
 
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