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RNS Number : 2422F Emmerson PLC 06 July 2023
Emmerson PLC / Ticker: EML / Index: AIM / Sector: Mining
6 July 2023
Emmerson PLC ("Emmerson" or the "Company")
Director/PDMR Shareholding
Emmerson announces the purchase of ordinary shares of nil par value in the
capital of the Company ("Ordinary Shares") by the following PDMRs:
Name Position Shares bought Price Shareholding following purchase Shareholding
James Kelly Chair 448,000 2.1875 pence 1,416,406 0.14%
Hayden Locke Director 365,000 2.458 pence 9,274,660 0.90%
Jim Wynn PDMR 218,094 2.288 pence 377,966 0.04%
**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 / Jim Wynn / Charles Vaughan
Liberum Capital Limited (Nominated Advisor and Joint Broker) +44 (0)20 3100 2000
Scott Mathieson / Kane Collings / Will King
Shard Capital (Joint Broker) +44 (0)20 7186 9927
Damon Heath / Isabella Pierre
BlytheRay (Financial PR and IR) +44 (0) 207 138 3204
Tim Blythe / Megan Ray / Said Izagaren
Notes to Editors
Emmerson is focused on advancing the Khemisset project ("Khemisset" or the
"Project") in Morocco into a low cost, high margin supplier of potash, and the
first primary producer on the African continent. With an initial 19-year life
of mine, the development of Khemisset is expected to deliver long-term
investment and financial contributions to Morocco including the creation of
permanent employment, taxation, and a plethora of ancillary benefits. As a
UK-Moroccan partnership, the Company is committed to bringing in significant
international investment over the life of the mine.
Morocco is widely recognised as one of the leading phosphate producers
globally, ranking third in the world in terms of tonnes produced annually, and
the development of this mine is set to consolidate its position as the most
important fertiliser producer in Africa. The Project has a large JORC Resource
Estimate (2012) of 537Mt @ 9.24% K2O, with significant exploration potential,
and is perfectly located to support the expected growth of African fertiliser
consumption whilst also being located on the doorstep of European markets. The
need to feed the world's rapidly increasing population is driving demand for
potash and Khemisset is well placed to benefit from the opportunities this
presents. The Feasibility Study released in June 2020 indicated the Project
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 2020 Feasibility Study delivered compelling
economics, including a post-tax NPV8 of approximately US$1.4 billion.
Details of the person discharging managerial responsibilities/person closely
associated
1.
a) Name: James Kelly
2. Reason for the notification
a) Position/status: Chairman
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 of NPV
Identification code:
ISIN: IM00BDHDTX83
b) Nature of the transaction: Purchase
c) Price(s) and volume(s): 448,000 Ordinary Shares at 2.1875 pence
d) Aggregated information:
Aggregated volume: n/a - single transaction
Price:
e) Date of the transaction: 6 July 2023
f) Place of the transaction: London Stock Exchange
Details of the person discharging managerial responsibilities/person closely
associated
1.
a) Name: Hayden Locke
2. Reason for the notification
a) Position/status: 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 of NPV
Identification code:
ISIN: IM00BDHDTX83
b) Nature of the transaction: Purchase
c) Price(s) and volume(s): 365,000 Ordinary Shares at 2.458 pence
d) Aggregated information:
Aggregated volume: n/a - single transaction
Price:
e) Date of the transaction: 6 July 2023
f) Place of the transaction: London Stock Exchange
Details of the person discharging managerial responsibilities/person closely
associated
1.
a) Name: Jim Wynn
2. Reason for the notification
a) Position/status: CFO
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 of NPV
Identification code:
ISIN: IM00BDHDTX83
b) Nature of the transaction: Purchase
c) Price(s) and volume(s): 218,094 Ordinary Shares at 2.288 pence
d) Aggregated information:
Aggregated volume: n/a - single transaction
Price:
e) Date of the transaction: 6 July 2023
f) Place of the transaction: London Stock Exchange
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