REG - Emmerson PLC - Appointment of Corporate Broker

EmmersonAnnouncement

16/02/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220216:nRSP7833Ba&default-theme=true

RNS Number : 7833B  Emmerson PLC  16 February 2022

 

 

 

Emmerson Plc / Ticker: EML / Index: AIM / Sector: Mining

16 February 2022

Emmerson Plc ("Emmerson" or the "Company")

Appointment of Corporate Broker

 

Emmerson, the Moroccan focused potash development company, is pleased to
announce the appointment of Liberum Capital Limited as a joint corporate
broker alongside Shore Capital Stockbrokers Limited and Shard Capital
Partners, effective immediately.

 

**ENDS**

 

For further information, please visit www.emmersonplc.com
(http://www.emmersonplc.com/) , follow us on Twitter (@emmerson_plc), or
contact:

 

 Emmerson Plc                                        +44 (0) 20 7236 1177

 Graham Clarke


 Shore Capital (Nominated Adviser and Joint Broker)  +44 (0)20 7408 4090

 Toby Gibbs / John More

 Liberum Capital Limited (Joint Broker)              +44 (0)20 3100 2000
 Scott Mathieson / Lydia Zychowska

 Shard Capital (Joint Broker)                        +44 (0)20 7186 9927

 Damon Heath / Isabella Pierre

 St Brides Partners (Financial PR/IR)                +44 (0)20 7236 1177

 Susie Geliher / Charlotte Page

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 NPV10 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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  APPSFAFMIEESEIE