Director/PDMR Shareholding

RNS Number : 7957T

Emmerson PLC

29 November 2021

 

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

29 November 2021

Director/PDMR Shareholding

Emmerson Plc, the Moroccan focused potash development company, today announces the purchase of ordinary shares of nil par value in the capital of the Company ("Ordinary Shares") by Mr Rupert Joy, Non Executive Director. Mr Joy purchased 150,000 Ordinary Shares at 6.25 pence per share.  Following this purchase, Mr Joy holds 150,000 Ordinary Shares representing approximately 0.016% per cent of the Company's issued share capital.

**ENDS**

For further information, please visit  www.emmersonplc.com , follow us on Twitter (@emmerson_plc), or contact:

Emmerson Plc Graham Clarke Hayden Locke Shore Capital (Nominated Adviser and Joint Broker) Toby Gibbs / John More Shard Capital (Joint Broker) Damon Heath / Isabella Pierre St Brides Partners (Financial PR/IR) Susie Geliher / Isabel de Salis

[phone]    [phone] [phone]  [phone]

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 NPV₈ of approximately US$1.4 billion using industry expert, Argus', price forecasts.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rupert Joy
2	Reason for the notification
a)	Position/status	Non executive 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	213800FPF38IBPRFPU87
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
	Identification code	EML.L
b)	Nature of the transaction	Share Purchase
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			6.25 pence per share	150,000
d)	Aggregated information
	- Aggregated volume	150,000
	- Price	6.25 pence per share
e)	Date of the transaction	26 November 2021
f)	Place of the transaction	London Stock Exchange

 

END

 

 

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