REG - Plant Health Care - Form 8 (OPD) - Plant Health Care
10/07/2024 10:45
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RNS Number : 8700V Plant Health Care PLC 10 July 2024
FORM 8 (OPD)
PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: Plant Health Care plc
(b) Owner or controller of interests and short positions disclosed, if N/A
different from 1(a):
(c) Name of offeror/offeree in relation to whose relevant securities this form Plant Health Care plc
relates:
(d) Is the discloser the offeror or the offeree? OFFEREE
(e) Date position held: 8 July 2024
(f) In addition to the company in 1(c) above, is the discloser making N/A
disclosures in respect of any other party to the offer?
2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates
Class of relevant security: Ordinary Shares of 1p each
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: Nil Nil Nil Nil
(2) Cash-settled derivatives: Nil Nil Nil Nil
(3) Stock-settled derivatives (including options) and agreements to Nil Nil Nil Nil
purchase/sell:
Nil Nil Nil Nil
TOTAL:
(b) Rights to subscribe for new securities
Class of relevant security in relation to which subscription right exists: N/A
Details, including nature of the rights concerned and relevant percentages: N/A
3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO
THE OFFER MAKING THE DISCLOSURE
Details of any interests, short positions and rights to subscribe (including
directors' and other employee options) of any person acting in concert with
the party to the offer making the disclosure:
(a) Interests in Plant Health Care PLC's ordinary shares of 1p each held by
the directors of Plant Health Care plc:
Name Number of Ordinary Shares % of issued share capital
Dr Christopher Richards 5,702,849 1.66%
Jeffrey Tweedy 1,958,341 0.57%
Jeffrey Hovey 1,059,854 0.31%
William Lewis 940,951 0.27%
Total 9,661,995 2.83%
(b) Rights to subscribe for Interests in Plant Health Care PLC's ordinary
shares of 1p each held by the directors of Plant Health Care plc:
PHC Director Award Type* Number of PHC Shares Awards Date(s) of grant Vesting Exercise price (£) Expiration date
Jeffrey Hovey Plan 820,793 14.11.2019 14.11.2019 0.085 14.11.2029
Plan 823,096*** 08.06.2020 08.06.20 0.10 08.06.2025
Plan 234,146*** 24.06.2020 24.06.20 0.10 24.06.2030
Plan 354,545 06.10.2020 06.10.2022 **See below 0.01 06.10.2025
Plan 700,000 23.07.2021 23.07.2023 0.01 23.07.2026
**See below
Plan 1,500,000 11.08.2022 11.08.2024 0.01 11.08.2027
**See below
Plan 401,000 19.12.2023 19.12.2025 0.01 19.12.2028
**See below
Total 4,833,580
Jeffrey Tweedy Plan 1,422,709 14.11.2019 14.11.2019 0.085 14.11.2029
Plan 983,487*** 08.06.2020 08.06.20 0.10 08.06.2025
Plan 380,488*** 24.06.2020 24.06.20 0.10 24.06.2030
Plan 354,545 06.10.2020 06.10.2022 **See below 0.01 06.10.2025
Plan 1,000,000 23.07.2021 23.07.2023 0.01 23.07.2026
**See below
Plan 3,000,000 11.08.2022 11.08.2024 0.01 11.08.2027
**See below
Plan 532,000 19.12.2023 19.12.2025 0.01 19.12.2028
**See below
Total 7,673,229
Dr Christopher Richards Plan 2,691,022*** 08.06.2020 08.06.20 0.10 08.06.2025
Plan 975,000 06.10.2020 06.10.2022 **See below 0.01 06.10.2025
Plan 3,000,000 23.07.2021 23.07.2023 0.01 23.07.2026
**See below
Plan 2,000,000 11.08.2022 11.08.2024 0.01 11.08.2027
**See below
Total 8,666,022
*These options were awarded under the Company's 2017 Employee Share Option
Plan (the "Plan") on the dates shown in the table above.
** On the earlier of a change of control in the ownership of the Company, or
the satisfaction of the Performance / Service Based Requirement, and for
United States employees no option shall be exercised before the two-year
anniversary of the date of grant.
***indicates PHC Share Awards which are not expected to be exercised prior to
the Effective Date on the basis that the exercise price is greater than the
offer price.
(b) Rights to subscribe for Interests in Plant Health Care PLC's ordinary
shares of 1p each held by the directors of Plant Health Care plc:
PHC Director Award Type* Number of PHC Shares Awards Date(s) of grant Vesting Exercise price (£) Expiration date
Jeffrey Hovey Plan 820,793 14.11.2019 14.11.2019 0.085 14.11.2029
Plan 823,096*** 08.06.2020 08.06.20 0.10 08.06.2025
Plan 234,146*** 24.06.2020 24.06.20 0.10 24.06.2030
Plan 354,545 06.10.2020 06.10.2022 **See below 0.01 06.10.2025
Plan 700,000 23.07.2021 23.07.2023 0.01 23.07.2026
**See below
Plan 1,500,000 11.08.2022 11.08.2024 0.01 11.08.2027
**See below
Plan 401,000 19.12.2023 19.12.2025 0.01 19.12.2028
**See below
Total 4,833,580
Jeffrey Tweedy Plan 1,422,709 14.11.2019 14.11.2019 0.085 14.11.2029
Plan 983,487*** 08.06.2020 08.06.20 0.10 08.06.2025
Plan 380,488*** 24.06.2020 24.06.20 0.10 24.06.2030
Plan 354,545 06.10.2020 06.10.2022 **See below 0.01 06.10.2025
Plan 1,000,000 23.07.2021 23.07.2023 0.01 23.07.2026
**See below
Plan 3,000,000 11.08.2022 11.08.2024 0.01 11.08.2027
**See below
Plan 532,000 19.12.2023 19.12.2025 0.01 19.12.2028
**See below
Total 7,673,229
Dr Christopher Richards Plan 2,691,022*** 08.06.2020 08.06.20 0.10 08.06.2025
Plan 975,000 06.10.2020 06.10.2022 **See below 0.01 06.10.2025
Plan 3,000,000 23.07.2021 23.07.2023 0.01 23.07.2026
**See below
Plan 2,000,000 11.08.2022 11.08.2024 0.01 11.08.2027
**See below
Total 8,666,022
*These options were awarded under the Company's 2017 Employee Share Option
Plan (the "Plan") on the dates shown in the table above.
** On the earlier of a change of control in the ownership of the Company, or
the satisfaction of the Performance / Service Based Requirement, and for
United States employees no option shall be exercised before the two-year
anniversary of the date of grant.
***indicates PHC Share Awards which are not expected to be exercised prior to
the Effective Date on the basis that the exercise price is greater than the
offer price.
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or
understanding, formal or informal, relating to relevant securities which may
be an inducement to deal or refrain from dealing entered into by the party to
the offer making the disclosure or any person acting in concert with it:
None
(b) Agreements, arrangements or understandings relating to
options or derivatives
Details of any agreement, arrangement or understanding, formal or informal,
between the party to the offer making the disclosure, or any person acting in
concert with it, and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant
securities to which any derivative is referenced:
None
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) No
Supplemental Form 8 (SBL) No
Date of disclosure: 4 Jul 2024
Contact name: Jeffrey Tweedy
Telephone number: +1 919 926 1600
Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .
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