REG - Emmerson PLC - Director/PDMR Shareholding

EmmersonAnnouncement

11/07/2023 12:00

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RNS Number : 6694F  Emmerson PLC  11 July 2023

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

11 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
 Graham Clarke  Chief Executive Officer  600,024        2.499 pence  1,399,861                        0.14%

 

 

**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:                                                         Graham Clarke
 2.     Reason for the notification
 a)     Position/status:                                              Chief Executive Officer
 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):                                        600,024 Ordinary Shares at 2.499 pence
 d)     Aggregated information:

        Aggregated volume:                                            n/a - single transaction

        Price:
 e)     Date of the transaction:                                      11 July 2023
 f)     Place of the transaction:                                     London Stock Exchange

 

 

 

 

 

 

 

 

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