EGM Statement

RNS Number : 1040S

Plant Health Care PLC

12 May 2009

 



12 May 2009

PLANT HEALTH CARE PLC

('Plant Health Care' or 'the Company')

RESULT OF GENERAL MEETING

Plant Health Care (AIM: PHC), a leading provider of natural products for plants and soil, announces that, at a General Meeting of the Company which took place earlier today, the resolutions put to shareholders in order to effect the Placing to raise £10.5 million (before expenses), announced on Friday 24 April 2009, were duly passed.

The Placing remains conditional upon Admission of the New Ordinary Shares to trading on AIM. It is expected that Admission and dealings in the New Ordinary Shares will occur at 8.00am tomorrow (Wednesday 13 May 2009).

The net proceeds of the Placing will be used to strengthen the Company's balance sheet and provide working capital for the Group.

Commenting at the General Meeting, Albert Fischer, Chairman of Plant Health Care said: 'We are delighted to have had such a positive response to the fundraising. This and the deal with Monsanto represent a very significant step forward for Plant Health Care and creates a strong platform for future growth'.

Enquiries:

Plant Health Care plc
John Brady, Chief Executive Officer
Tel: [phone]
[e-mail]

Evolution Securities	Tavistock Communications
Tim Worlledge / Tim Redfern	Jeremy Carey/Matt Ridsdale
Tel: [phone]	Tel: [phone]
[e-mail] [e-mail]	[e-mail] [e-mail]

About Plant Health Care plc:

Plant Health Care plc is a leading provider of natural products for plants and soil. Established in 1995 in Pittsburgh (Pennsylvania) in the United States, Plant Health Care currently has approximately 90 employees and has operations in the United States, Mexico, the United Kingdom, Spain, and the Netherlands. The Company listed on the AIM market of the London Stock Exchange in July 2004. Ticker symbol is PHC.

Plant Health Care's products are aimed at the agriculture and landscape industries and are environmentally beneficial. Through the commercialisation of these products, Plant Health Care is capitalising on current long-term trends toward natural systems and biological products for plant care and soil and water management. Further information is available at: www.planthealthcare.com  

 

END

 

 

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