8th Mar 2012 15:12
Plant Impact plc
("Plant Impact" or the "Company")
Exercise of Options
Plant Impact confirms that it has today issued 80,000 ordinary shares in the Company ("Ordinary Shares") to employees on the exercise of options at a price of 1 pence per Ordinary Share. These options were granted under the Company's Performance Share Plan.
Application has been made for the 80,000 Ordinary Shares to be admitted to trading on AIM ("Admission"). The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and Admission is expected to become effective on 14 March 2012.
Following Admission, the Company will have 50,444,639 Ordinary Shares in issue. The total number of voting rights in the Company will therefore be 50,444,639. 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 FSA's Disclosure and Transparency Rules.
For more information please contact:
Plant Impact plc |
|
David Jones, Chairman John Brubaker, Chief Executive Officer | Tel: +44 (0) 1772 628 328 |
WH Ireland Limited - Nominated Adviser and Broker |
|
Dan Bate/Robin Gwyn
| Tel: +44 (0) 161 832 2174 |
Plant Impact develops and markets crop yield enhancement products. Plant Impact products improve crop yields and quality by reducing plant stresses associated with excessive temperature, salinity, drought and UV light. The Company sells its products directly and through licensing agreements with international agrochemical companies. The Directors believe that Plant Impact is differentiated from its competitors by its offer of safe and effective products in this new sector which provide compelling returns to growers.
For further information please visit www.plantimpact.com
Related Shares:
Plant Impact