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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Plant Health Care plc    PHC   GB00B01JC540

PLANT HEALTH CARE PLC (PHC)
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Plant Health Care plc : Confirmation of Board Changes

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04/02/2013 | 08:37pm CEST

2 April 2013

Plant Health Care plc

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

Confirmation of Board Changes

Plant Health Care (AIM / CISX: PHC.L), a leading provider of novel patent protected biological products to the global agriculture markets confirms that, further to the announcement of 26 March 2013, Mr Paul Schmidt has today been appointed the Company's Chief Executive Officer and that Mr John Brady, former CEO, has stepped down from this role but remains as a non-executive director on the Plant Health Care Board. In addition, Mr Sam Wauchope has stepped down from the Board today, following nine years as a non-executive director and a stint as Interim Chairman in 2012

The Company is pleased to welcome Paul Schmidt. Mr Schmidt, age 54, has extensive operational experience in the agriculture industry, having served in senior roles in the USA, Germany and Canada during 25 years with Bayer CropScience and its predecessor companies. As President of Merck/EMD Crop Bioscience, a leading developer of natural plant health products, Paul led a turn- around which resulted in substantially increased sales and profit. In February 2011, he oversaw the sale of the business to Novozymes for $275 million. Paul graduated from the University of Saskatchewan with a BSA in Agronomy in 1980.

Dr. Christopher Richards, Chairman commented: "I would like to reiterate my thanks to both John and Sam for all that they have done for Plant Health Care. Securing the services of Paul as the Company's new CEO is a real coup. Paul's extensive experience in the industry leaves us very well positioned to progress to the next stage in the Company's development. I am convinced that Paul has the right qualities to lead Plant Health Care to this next level."

- ENDS-
Save for the information disclosed above there is no other information to be disclosed under Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Mr Paul Martin Schmidt's appointment as a Director of the Company other than as follows:

Paul Martin Schmidt:

Current Directorships

Former Directorships

Member of the Board of Directors of Alberta Innovates

BioSolutions (Province of Alberta corporation) 2011- present

Director of EMD Crop BioSciences Inc (2007-2011)

Owner of Paul Schmidt Consulting LLC

About Plant Health Care plc: Plant Health Care plc ("Plant Health Care") is a leading provider of novel patent

protected biological products to the global agriculture markets. The Company's ordinary shares have been quoted on the AIM Market of the London Stock Exchange since July 2004 and listed on the Official List of the Channel Islands Stock Exchange ("CISX") since February 2010 (ticker symbol/mnemonic: PHC).
Further information is available at: www.planthealthcare.com.

For further information, please contact: Plant Health Care plc

Dr Christopher Richards, Chairman Tel: +44 (0) 20 7250 1446
Paul Schmidt, Chief Executive Officer On the day Tel: +44 (0) 20 7250 1446
Thereafter: Tel: +1-412-826-5488
Stephen Weaver, Finance Director Tel: +1-412-826-5488 x151

Nomura Code Securities

Chris Collins / Clare Terlouw / Chris Golden Tel: +44 (0) 20 7776 1200

Powerscourt

Paul Durman / Nick Dibden / Sophie Moate Tel: +44 (0) 20 7250 1446

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Financials ($)
Sales 2018 10,0 M
EBIT 2018 -5,77 M
Net income 2018 -
Finance 2018 4,48 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 4,66x
EV / Sales 2019 4,24x
Capitalization 51,1 M
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Mean consensus BUY
Number of Analysts 1
Average target price 0,57 $
Spread / Average Target 91%
Managers
NameTitle
Christopher Gareth Joseph Richards Executive Chairman & Chief Executive Officer
Jeff Hovey Chief Financial Officer
Zhong Min Wei Chief Scientific Officer & VP-Harpin Technology
Michael James Higgins Senior Independent Director
Richard Hannam Webb Executive Director
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