REG - Emmerson PLC - Arbitration Update

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RNS Number : 7912P  Emmerson PLC  22 January 2026

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

22 January 2026

Emmerson PLC ("Emmerson" or the "Company")

Arbitration Update

 

Emmerson is pleased to provide an update on the recent progress relating to
its arbitration process.

Further to the update provided in the interim results 30 September 2025,
Emmerson advises that the arbitration panel was fully constituted in Q4 2025
following the appointment of a President; Laurent Lévy, a national of
Switzerland and Brazil.

On December 16(th) 2025, an initial hearing was held and the Tribunal
determined a number of procedural matters. A timetable for the initial phase
of the arbitration was determined. As a result, the Company is required to
submit its Memorial by the end of Q1 2026.

Following the submission of the Memorial which outlines the Company's case in
full, including legal arguments, supporting evidence and the compensation
sought, the arbitration will move to its next phase which will be the
opportunity for the Government of the Kingdom of Morocco to respond.

Background

On 30 April 2025, the Company's direct and indirect subsidiaries Khemisset UK
Ltd and Potasse de Khemisset S.A. (the "Claimants") filed a Request for
Arbitration ("RFA") with the International Centre for Settlement of Investment
Disputes ("ICSID"). The ICSID Secretary-General registered the RFA on 23 May
2025.

The Claimants seek compensation for the loss and damage they sustained as a
result of Morocco's breaches of its obligations under the Agreement between
the Government of the United Kingdom of Great Britain and Northern Ireland and
the Government of the Kingdom of Morocco for the Promotion and Protection of
Investments (the "BIT"), including (i) Morocco's expropriation of the Project
in violation of Article 6(1) of the BIT, and (ii) Morocco's breach of its
obligations to accord the Claimants fair and equitable treatment, to provide
full protection and security to the Claimants and their investments, and to
refrain from impairing the Claimants' investments by discriminatory measures
under Article 2(2) of the BIT.

There can be no certainty as to the outcome of the Company's treaty claims.

The Company will provide further updates as the arbitration process
progresses.

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

 

 Emmerson Plc                                                  +44 (0)207 138 3204

 Graham Clarke / Hayden Locke

 Panmure Liberum Limited (Nominated Advisor and Joint Broker)  +44 (0)20 3100 2000

 Scott Mathieson / Will King

 VSA Capital Limited (Joint Broker)                            +44 (0)20 3005 5000

 Andrew Monk/Andrew Raca

 

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