Director/PDMR Shareholding

RNS Number : 2026O
Emmerson PLC
28 January 2019
 

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

28 January 2019

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

Director/PDMR Shareholding

 

Emmerson Plc, the Moroccan focused potash development company, today announces that Mr Hayden Locke, Executive Director and CEO of the Company, purchased 647,712 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares"), at 3.05 pence per share.

 

Following this purchase, Mr Locke holds 1,475,135 Ordinary Shares representing approximately 0.24% per cent 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: +44 (0) 207 236 1177

Edward McDermott

 



James Biddle

Roland Cornish

Beaumont Cornish Limited

Financial Adviser

 

Tel: +44 (0) 207 628 3396

 

Jeremy King

 

Optiva Securities Limited

Broker

Tel: +44 (0) 3137 1904




Lottie Wadham

Gaby Jenner

St Brides Partners Ltd

Financial PR/IR

Tel: +44 (0) 20 7236 1177



 

**ENDS**

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Mr Hayden Locke

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Executive Director and CEO

b)

 

Initial notification /Amendment

 

 

Initial Noitification

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)




3.05 pence per share

647,712







d)

 

Aggregated information




- Aggregated volume

647,712



- Price

3.05 pence per share



e)

 

Date of the transaction

 

 

25 January 2019

f)

 

Place of the transaction

 

 

London Stock Exchange, XLON

 

 

 

 

 

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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Emmerson NPV (EML)
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