REG - Emmerson PLC - Director/PDMR Shareholding

EmmersonAnnouncement

29/11/2021 07:00

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RNS Number : 7957T  Emmerson PLC  29 November 2021

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

29 November 2021

 

Director/PDMR Shareholding

 

Emmerson Plc, the Moroccan focused potash development company, today announces
the purchase of ordinary shares of nil par value in the capital of the Company
("Ordinary Shares") by Mr Rupert Joy, Non Executive Director. Mr Joy purchased
150,000 Ordinary Shares at 6.25 pence per share.  Following this purchase, Mr
Joy holds 150,000 Ordinary Shares representing approximately 0.016% per cent
of the Company's issued share capital.

 

**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

 Hayden Locke

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

 Toby Gibbs / John More

 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 / Isabel de Salis

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% 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 NPV(8) of approximately US$1.4 billion using industry expert, Argus',
price forecasts.

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Rupert Joy

 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                                                          213800FPF38IBPRFPU87

 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                                          EML.L

 b)   Nature of the transaction                                    Share Purchase

 c)   Price(s) and volume(s)

                                                                                     Price(s)              Volume(s)
                                                                                     6.25 pence per share  150,000

 d)   Aggregated information

      - Aggregated volume                                          150,000

      - Price                                                      6.25 pence per share

 e)   Date of the transaction                                      26 November 2021

 f)   Place of the transaction                                     London Stock Exchange

 

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