Emmerson PLC Director/PDMR Shareholding (2422F)
06 Julio 2023 - 8:49AM
UK Regulatory
TIDMEML
RNS Number : 2422F
Emmerson PLC
06 July 2023
Emmerson PLC / Ticker: EML / Index: AIM / Sector: Mining
6 July 2023
Emmerson PLC ("Emmerson" or the "Company")
Director/PDMR Shareholding
Emmerson announces the purchase of ordinary shares of nil par
value in the capital of the Company ("Ordinary Shares") by the
following PDMRs:
Name Position Shares bought Price Shareholding S hareholding
following
purchase
James Kelly Chair 448,000 2.1875 pence 1,416,406 0.14%
---------- -------------- ------------- ------------- --------------
Hayden Locke Director 365,000 2.458 pence 9,274,660 0.90%
---------- -------------- ------------- ------------- --------------
Jim Wynn PDMR 218,094 2.288 pence 377,966 0.04%
---------- -------------- ------------- ------------- --------------
**S**
For further information, please visit www.emmersonplc.com ,
follow us on Twitter (@emmerson_plc), or contact:
Emmerson PLC +44 (0) 20 7236
Graham Clarke / Jim Wynn / Charles Vaughan 1177
Liberum Capital Limited (Nominated Advisor
and Joint Broker) +44 (0)20 3100
Scott Mathieson / Kane Collings / Will King 2000
Shard Capital (Joint Broker) +44 (0)20 7186
Damon Heath / Isabella Pierre 9927
BlytheRay (Financial PR and IR) +44 (0) 207 138
Tim Blythe / Megan Ray / Said Izagaren 3204
Notes to Editors
Emmerson is focused on advancing the Khemisset project
("Khemisset" or the "Project") in Morocco into a low cost, high
margin supplier of potash, and the first primary producer on the
African continent. With an initial 19-year life of mine, the
development of Khemisset is expected to deliver long-term
investment and financial contributions to Morocco including the
creation of permanent employment, taxation, and a plethora of
ancillary benefits. As a UK-Moroccan partnership, the Company is
committed to bringing in significant international investment over
the life of the mine.
Morocco is widely recognised as one of the leading phosphate
producers globally, ranking third in the world in terms of tonnes
produced annually, and the development of this mine is set to
consolidate its position as the most important fertiliser producer
in Africa. The Project has a large JORC Resource Estimate (2012) of
537Mt @ 9.24% K2O, with significant exploration potential, and is
perfectly located to support the expected growth of African
fertiliser consumption whilst also being located on the doorstep of
European markets. The need to feed the world's rapidly increasing
population is driving demand for potash and Khemisset is well
placed to benefit from the opportunities this presents. The
Feasibility Study released in June 2020 indicated the Project 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 2020 Feasibility Study
delivered compelling economics, including a post-tax NPV8 of
approximately US$1.4 billion.
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name: James Kelly
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position/status: Chairman
-------------------------------- -----------------------------------------
b) Initial notification/Amendment: Initial notification
-------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name: Emmerson PLC
-------------------------------- -----------------------------------------
b) LEI: 213800JA8ZK1K6CWYP61
-------------------------------- -----------------------------------------
4. Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------------
a) Description of Ordinary Shares of NPV
the financial
instrument, type ISIN: IM00BDHDTX83
of instrument:
Identification
code:
-------------------------------- -----------------------------------------
b) Nature of the Purchase
transaction:
-------------------------------- -----------------------------------------
c) Price(s) and volume(s): 448,000 Ordinary Shares at 2.1875 pence
-------------------------------- -----------------------------------------
d) Aggregated information:
Aggregated volume: n/a - single transaction
Price:
-------------------------------- -----------------------------------------
e) Date of the transaction: 6 July 2023
-------------------------------- -----------------------------------------
f) Place of the transaction: London Stock Exchange
-------------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name: Hayden Locke
-------------------------------- ----------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
a) Position/status: Director
-------------------------------- ----------------------------------------
b) Initial notification/Amendment: Initial notification
-------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name: Emmerson PLC
-------------------------------- ----------------------------------------
b) LEI: 213800JA8ZK1K6CWYP61
-------------------------------- ----------------------------------------
4. Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------
a) Description of Ordinary Shares of NPV
the financial
instrument, type ISIN: IM00BDHDTX83
of instrument:
Identification
code:
-------------------------------- ----------------------------------------
b) Nature of the Purchase
transaction:
-------------------------------- ----------------------------------------
c) Price(s) and volume(s): 365,000 Ordinary Shares at 2.458 pence
-------------------------------- ----------------------------------------
d) Aggregated information:
Aggregated volume: n/a - single transaction
Price:
-------------------------------- ----------------------------------------
e) Date of the transaction: 6 July 2023
-------------------------------- ----------------------------------------
f) Place of the transaction: London Stock Exchange
-------------------------------- ----------------------------------------
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name: Jim Wynn
-------------------------------- ----------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
a) Position/status: CFO
-------------------------------- ----------------------------------------
b) Initial notification/Amendment: Initial notification
-------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name: Emmerson PLC
-------------------------------- ----------------------------------------
b) LEI: 213800JA8ZK1K6CWYP61
-------------------------------- ----------------------------------------
4. Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------
a) Description of Ordinary Shares of NPV
the financial
instrument, type ISIN: IM00BDHDTX83
of instrument:
Identification
code:
-------------------------------- ----------------------------------------
b) Nature of the Purchase
transaction:
-------------------------------- ----------------------------------------
c) Price(s) and volume(s): 218,094 Ordinary Shares at 2.288 pence
-------------------------------- ----------------------------------------
d) Aggregated information:
Aggregated volume: n/a - single transaction
Price:
-------------------------------- ----------------------------------------
e) Date of the transaction: 6 July 2023
-------------------------------- ----------------------------------------
f) Place of the transaction: London Stock Exchange
-------------------------------- ----------------------------------------
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END
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