Director/PDMR Shareholding

Emmerson PLC
10 July 2023
 




Emmerson PLC / Ticker: EML / Index: AIM / Sector: Mining

10 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 following purchase

Shareholding

Rupert Joy

Non-Executive Director

188,000

2.588 pence

544,371

0.05%

 

 

**ENDS**

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

 

Emmerson PLC

Graham Clarke / Jim Wynn / Charles Vaughan

 

+44 (0) 20 7236 1177

Liberum Capital Limited (Nominated Advisor and Joint Broker)

Scott Mathieson / Kane Collings / Will King

 

+44 (0)20 3100 2000

Shard Capital (Joint Broker)

Damon Heath / Isabella Pierre

 

+44 (0)20 7186 9927

 

BlytheRay (Financial PR and IR)

Tim Blythe / Megan Ray / Said Izagaren

 

+44 (0) 207 138 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.

 

 

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:

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 NPV 

 

ISIN: IM00BDHDTX83

 

b)

Nature of the transaction:

Purchase

c)

Price(s) and volume(s):

 188,000 Ordinary Shares at 2.588 pence

d)

Aggregated information:

Aggregated volume:

Price:

 

n/a - single transaction

e)

Date of the transaction:

7 July 2023

f)

Place of the transaction:

London Stock Exchange

 

 

 

 

 

 

 

 

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END
 
 

Companies

Emmerson NPV (EML)
UK 100