Emmerson PLC Part Exercise of Options and Issue of Shares (5703Z)
25 Enero 2022 - 7:00AM
UK Regulatory
TIDMEML
RNS Number : 5703Z
Emmerson PLC
25 January 2022
Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining
25 January 2022
Emmerson Plc ("Emmerson" or the "Company")
Part Exercise of Options and Issue of Shares
Emmerson Plc, the Moroccan focused potash development company,
announces that it has received notice of the part-exercise of
options in respect of 400,000 ordinary shares of no par value in
the capital of the Company ("Ordinary Shares") at a price of 3
pence per share. The aggregate gross proceeds of this exercise
amounts to GBP12,000.00
The Company has applied for the new shares to be admitted for
trading on the AIM Market and admission is expected to take place
on 31 January 2022. The 400,000 new Ordinary Shares will rank pari
passu with the existing Ordinary Shares.
For the purpose of the Disclosure and Transparency Rules,
following the admission of the 400,000 new Ordinary Shares
(excluding any treasury shares) the new total number of shares in
issue will be 915,462,661. Accordingly, this figure may be used by
shareholders as a denominator for the calculations by which they
will determine if they are required to notify their interest in, or
change to their interest in, the Company, under the Disclosure and
Transparency Rules.
The Directors of the issuer accept responsibility for the
contents of this announcement.
**ENDS**
For further information, please visit www.emmersonplc.com , follow
us on Twitter (@emmerson_plc), or contact: Emmerson Plc
Graham Clarke +44 (0) 20 7236 1177
Shore Capital (Nominated Adviser and
Joint Broker)
Toby Gibbs / John More +44 (0)20 7408 4090
Shard Capital (Joint Broker)
Damon Heath / Isabella Pierre +44 (0)20 7186 9927
St Brides Partners (Financial PR/IR)
Susie Geliher / Charlotte Page +44 (0)20 7236 1177
Notes to Editors
Emmerson's primary focus is on developing the Khemisset project
("Khemisset" or the "Project") located in Morocco. The Project has
a large JORC Resource Estimate (2012) of 537Mt @ 9.24% K2O and
significant exploration potential with an accelerated development
pathway targeting a low capex, high margin mine. Khemisset is
perfectly located to capitalise on the expected growth of African
fertiliser consumption whilst also being located on the doorstep of
European markets. This unique positioning means the Project will
receive a premium netback price compared to existing potash
producers. The need to feed the world's rapidly increasing
population is driving demand for potash and Emmerson is well placed
to benefit from the opportunities this presents. The Feasibility
Study released in June 2020 indicated Khemisset has the potential
to be among the lowest capital cost development stage potash
projects in the world and also, as a result of its location, one of
the highest margin projects. This delivered outstanding economics
including a post-tax NPV(8) of approximately US$1.4 billion using
industry expert, Argus', price forecasts.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEZZGZMMKDGZZM
(END) Dow Jones Newswires
January 25, 2022 08:00 ET (13:00 GMT)
Emmerson (LSE:EML)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Emmerson (LSE:EML)
Gráfica de Acción Histórica
De May 2023 a May 2024