Emmerson PLC Director/PDMR Shareholding (6694F)
July 11 2023 - 6:57AM
UK Regulatory
TIDMEML
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 S hareholding
following
purchase
Chief Executive
Graham Clarke Officer 600,024 2.499 pence 1,399,861 0.14%
----------------- -------------- ------------ ------------- --------------
**ENDS**
For further information, please visit www.emmersonplc.com ,
follow us on Twitter (@emmerson_plc), or contact:
Emmerson PLC +44 (0) 20 7236
Graham Clarke / Jim Wynn / Charles Vaughan 1177
Liberum Capital Limited (Nominated Advisor
and Joint Broker) +44 (0)20 3100
Scott Mathieson / Kane Collings / Will King 2000
Shard Capital (Joint Broker) +44 (0)20 7186
Damon Heath / Isabella Pierre 9927
BlytheRay (Financial PR and IR) +44 (0) 207 138
Tim Blythe / Megan Ray / Said Izagaren 3204
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
1. closely associated
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 Ordinary Shares of NPV
the financial
instrument, type ISIN: IM00BDHDTX83
of instrument:
Identification
code:
-------------------------------- ----------------------------------------
b) Nature of the Purchase
transaction:
-------------------------------- ----------------------------------------
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
-------------------------------- ----------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHEAEXFFSKDEFA
(END) Dow Jones Newswires
July 11, 2023 06:57 ET (10:57 GMT)
Emmerson (LSE:EML)
Historical Stock Chart
From Feb 2025 to Mar 2025
Emmerson (LSE:EML)
Historical Stock Chart
From Mar 2024 to Mar 2025
