REG - Emmerson PLC - Notice of AGM

EmmersonAnnouncement

11/11/2021 10:30

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RNS Number : 1046S  Emmerson PLC  11 November 2021

11 November 2021

 

Emmerson Plc

(the 'Company')

 

Notice of AGM

 

Emmerson Plc ("the Company"), the Moroccan focused potash development company,
announces that its annual general meeting ("AGM") will be held at 11.15am on
6(th) December 2021 at 55 Athol Street, Douglas Isle of Man, IM1 1LA.

 

The Notice of AGM and a Form of Proxy have been sent today to shareholders.

 

These documents are available to view on the Company's website:
www.emmersonplc.com/investors/corporate-documents/
(http://www.emmersonplc.com/investors/corporate-documents/)

 

**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

                                                                      +44 (0)20 7408 4090

 Shore Capital (Nominated Adviser and Joint Broker)

 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

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