REG - Emmerson PLC - Director/PDMR Shareholding

EmmersonAnnouncement

04/06/2021 11:30

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% 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.
 
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.
 



1 


Details of the person discharging managerial responsibilities / person closely associated




a) 


Name 


Edward McDermott




2


Reason for the notification




a) 


Position/status 


Non-Executive 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 the financial instrument, type of instrument


Ordinary shares




Identification code


IM00BDHDTX83














b)


Nature of the transaction 


Purchase of Ordinary shares




c)


Price(s) and volumes(s)
 


 



Price(s)


Volumes




£0.0512


775,000








d)


Aggregated information
-      Aggregated volume
 
-      Price


 
N/A single transaction




e)


Date of the transaction


3 June 2021




f)


Place of the transaction


London Stock Exchange (AIM)



 
 

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