Director/PDMR Shareholding

RNS Number : 0214P

Emmerson PLC

04 February 2019

 

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

4 February 2019

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

Director/PDMR Shareholding

Emmerson Plc, the Moroccan focused potash development company, today announces that Mr Edward McDermott, Non-Executive Director of the Company, purchased 350,000 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares"), at 2.84 pence per share.

Following this purchase, Mr McDermott holds 350,000 Ordinary Shares representing approximately 0.056% 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: [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]

**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 Edward McDermott
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)
			2.84 pence per share	350,000
d)	Aggregated information
	- Aggregated volume	350,000
	- Price	2.84 pence per share
e)	Date of the transaction	1 February 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.

 

END

 

 

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