Director/PDMR Shareholding

RNS Number : 7392C

Emmerson PLC

02 October 2018

 

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

2 October 2018

Emmerson Plc ("Emmerson" or the "Company") 

Director's Dealing

Emmerson Plc, the Moroccan focused potash development company, is pleased to announce that today the Company's Chairman, Mark Connelly, bought a total of 479,261 Ordinary Shares of no par value each in the Company (the "Ordinary Shares") at an average price of 3.73783 pence. Accordingly, Mark Connelly now holds 479,261 Ordinary Shares representing 0.08% of the Company's issued share capital.

For further information, please visit www.emmersonplc.com, follow us on Twitter (@emmerson_plc), or contact:  Hayden Locke Emmerson Plc Tel: [phone] Edward McDermott James Biddle Roland Cornish Beaumont Cornish Limited Financial Adviser Tel: [phone] Jeremy King Optiva Securities Limited Broker Tel: [phone] Lottie Wadham Gaby Jenner St Brides Partners Ltd Financial PR/IR Tel: [phone]

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.

The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation:

Mark Connelly

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Mark Connelly
2	Reason for notification
a)	Position / status	Chairman
b)	Initial notification /Amendment	Initial
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 Identification code	Ordinary shares of no par value each in Emmerson plc ISIN IM00BDHDTX83
	Nature of the transaction	Purchase of 479,216 Ordinary Shares
c)	Price(s) and volumes(s)	Price(s) Volumes(s) 3.69 pence 250,000 3.79 pence 229,261
d)	Aggregated information	n/a
e)	Date of the transaction	2 October 2018
f)	Place of the transaction	On market

 

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