Emmerson PLC Application for Admission to AIM (6163T)
March 26 2021 - 02:00AM
UK Regulatory
TIDMEML
RNS Number : 6163T
Emmerson PLC
26 March 2021
Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining
26 March 2021
Emmerson Plc ("Emmerson" or the "Company")
Application for Admission to AIM
Emmerson plc, the Moroccan focused potash development company,
is pleased to announce that it has applied for the cancellation of
the listing of the Company's ordinary shares on the Official List
and from trading on the Main Market ("Cancellation") and for
admission to trading on the AIM Market of the London Stock Exchange
("Admission").
The Cancellation is expected to become effective at 8.00 a.m. on
27 April 2021 and Admission is expected to become effective at 8.00
a.m. on the same date, 27 April 2021.
Further information in relation to Admission, including a copy
of the Appendix to the Schedule One Announcement (containing an
updated Competent Person's Report) will be made available on the
Company's website www.emmersonplc.com .
**ENDS**
For further information, please visit www.emmersonplc.com
, follow us on Twitter (@emmerson_plc), or contact:
Emmerson plc +44 (0) 20 7236
Graham Clarke 1177
Shore Capital (Nominated Adviser and
Joint Broker)
Toby Gibbs / John More (Corporate Advisory) +44 (0)20 7408
Jerry Keen (Corporate Broking) 4090
Shard Capital (Joint Broker) +44 (0) 20 7628
Damon Heath / Isabella Pierre 3396
St Brides Partners Limited (Financial
PR/IR) +44 (0)20 7236
Megan Denison / Susie Geliher 1177
Notes to Editors
Emmerson's primary focus is on developing the Khemisset project
("Khemisset" or the "Project") located in Northern Morocco. The
Project has a large JORC Resource Estimate (2012) of 537Mt @ 9.24%
K(2) O 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(10) 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
AIMFIFVRVDIRFIL
(END) Dow Jones Newswires
March 26, 2021 03:00 ET (07:00 GMT)
Emmerson (LSE:EML)
Historical Stock Chart
From Feb 2024 to Mar 2024
Emmerson (LSE:EML)
Historical Stock Chart
From Mar 2023 to Mar 2024