Appointment of Joint Broker

RNS Number : 3251I

Emmerson PLC

08 August 2019

 

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

8 August 2019

Appointment of Joint Broker

Emmerson Plc, the Moroccan focused potash development company, is pleased to advise that it has appointed Shard Capital Partners LLP to act as joint broker to the Company with immediate effect.

For further information, please visit www.emmersonplc.com, follow us on Twitter (@emmerson_plc), or contact:  Hayden Locke Emmerson Plc Tel: [phone] Edward McDermott Jeremy King Optiva Securities Limited Joint Broker Tel: [phone] Damon Heath Isabella Pierre Shard Capital Partners Tel:  [phone] Gaby Jenner Melissa Hancock St Brides Partners Ltd Financial PR/IR Tel: [phone]

**ENDS**

Notes to Editors

Emmerson's primary focus is on developing the Khemisset Potash Project located in Northern Morocco.  The project has a large JORC Resource Estimate (2012) of 311.4Mt @ 10.2% 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 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.

 

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