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2 Oct 2018 15:14
Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining
2 October 2018
Emmerson Plc ("Emmerson" or the "Company")
Director's Dealing
Emmerson Plc, the Moroccan focused potash development company, is pleased to announce that today the Company's Chairman, Mark Connelly, bought a total of 479,261 Ordinary Shares of no par value each in the Company (the "Ordinary Shares") at an average price of 3.73783 pence. Accordingly, Mark Connelly now holds 479,261 Ordinary Shares representing 0.08% of the Company's issued share capital.
For further information, please visit www.emmersonplc.com, follow us on Twitter (@emmerson_plc), or contact:
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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.
The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation:
Mark Connelly
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Mark Connelly | ||||||
2 | Reason for notification | |||||||
a) | Position / status | Chairman
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b) | Initial notification /Amendment | Initial | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Emmerson plc
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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 no par value each in Emmerson plc
ISIN IM00BDHDTX83
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Nature of the transaction
| Purchase of 479,216 Ordinary Shares | |||||||
c) | Price(s) and volumes(s) |
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d) | Aggregated information | n/a | ||||||
e) | Date of the transaction | 2 October 2018 | ||||||
f) | Place of the transaction | On market | ||||||
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