Emmerson PLC Director/PDMR Shareholding (8983A)
June 04 2021 - 5:30AM
UK Regulatory
TIDMEML
RNS Number : 8983A
Emmerson PLC
04 June 2021
Emmerson Plc / Ticker: EML / Index: AIM / Sector: Mining
4 June 2021
Emmerson Plc ("Emmerson" or the "Company")
Director/PDMR Shareholding
Emmerson Plc, the Moroccan focused potash development company,
announces that Mr Edward McDermott, Non-Executive Director of the
Company, purchased 775,000 ordinary shares of nil par value each in
the capital of the Company ("Ordinary Shares"), at 5.12 pence per
share.
Following this purchase, Mr McDermott holds 1,250,000 Ordinary
Shares representing approximately 0.15% per cent of the Company's
issued share capital.
**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 (Corporate
Advisory)
Jerry Keen (Corporate Broking) +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 +44 (0)20 7236 1177
Notes to Editors
Emmerson's primary focus is on developing 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.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further details of
above transaction.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Edward McDermott
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2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Non-Executive Director
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b) Initial notification Initial Notification
/Amendment
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3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Emmerson plc
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b) LEI 213800JA8ZK1K6CWYP61
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Details of the transaction(s): section to be repeated
4 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 the Ordinary shares
financial instrument,
type of instrument
Identification code IM00BDHDTX83
b) Nature of the transaction Purchase of Ordinary shares
---------------------------------- -------------------------------
c) Price(s) and volumes(s) Price(s) Volumes
GBP0.0512 775,000
--------
---------------------------------- -------------------------------
d) Aggregated information
* Aggregated volume N/A single transaction
* Price
---------------------------------- -------------------------------
e) Date of the transaction 3 June 2021
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f) Place of the transaction London Stock Exchange (AIM)
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END
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