Quoram PLC Re. Investment (4389C)

TIDMQRM TIDMPHC

RNS Number : 4389C

Quoram PLC

16 April 2013

QUORAM PLC

(AIM: QRM)

Acquisition of Shares in Plant Healthcare

The directors of Quoram announce the acquisition today of 844,400 shares in Plant Healthcare at price of 78p, for a total consideration of GBP658,632. The holding represents 1.2% of PHC's issued ordinary share capital following the issue of 17,119,444 shares pursuant to its recent placing and subscription.

Plant Healthcare which is quoted on AIM and CISX (PHC.L) is a leading provider of novel patent protected biological products to the global agriculture markets. PHC's key products are based on its proprietary Harpin technology which is used to trigger growth and self-defence mechanisms within the plants, stimulating more robust plant health and increased yield. These have demonstrated commercial success around the world and have been applied to over 10 million acres (approximately 4 million hectares) of crops. PHC's other products include Myconate, a biological plant growth stimulant which works by stimulating the colonisation of plant roots by beneficial micro-organisms called mycorrhizal fungi and enabling each plant to draw more nutrients and moisture out of the soil. PHC also has a range of other fertiliser and plant nutrient products.

Further information on Plant Healthcare can be found on the company's website www.planthealtchare.com

 
 Contacts 
 Bluebird Energy plc                   www.quoram.co.uk 
 James Ede-Golightly - Chairman     +44 (0) 1225 428139 
 
 WH Ireland Limited                www.wh-ireland.co.uk 
 John Wakefield                    +44 (0) 117 945 3470

This information is provided by RNS

The company news service from the London Stock Exchange

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