Last checked at 28 Jan 2019 07:00
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:
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**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.