29 Jun 2017 07:00
29 June 2017
Sirius Minerals Plc
Block listing application
Sirius Minerals Plc ("Sirius" or the "Company") provides notification that a block listing application has been made to the London Stock Exchange and Financial Conduct Authority for the admission to trading on its main market for listed securities of up to 300,000,000 ordinary shares in the Company (the "Block Listing Shares").
The Block Listing Shares relate to the convertible bonds issued by Sirius Minerals Finance Limited during the Company's stage 1 financing. The convertible bonds, due 2023, which were issued at US$200,000 each and raised US$400 million, were announced on 3 November 2016 (RNS number 2246O).
Block Listing Shares will be issued from time to time pursuant to the conversion of bonds. The Company will update the total shares on issue on its website on a regular basis and the market will be updated on the total number shares listed under the block listing scheme every 6 months.
The Block Listing Shares will rank pari passu in all respects with all existing ordinary shares in the Company. It is expected that the block admission will become effective on 30 June 2017.
For further information, please contact:
Sirius Minerals Plc Investor Relations Manager | Tristan Pottas Email: ir@siriusminerals.com | Tel: +44 845 524 0247 |
Media Enquiries Tavistock | Jos Simson, Mike Bartlett, Emily Fenton | Tel: +44 20 7920 3150 |
About Sirius Minerals Plc
Sirius Minerals Plc is the fertilizer development company focused on the construction and development of its North Yorkshire polyhalite project in the United Kingdom. It believes the Project represents the world's largest high-grade known deposit of polyhalite, a multi-nutrient form of potash containing potassium, sulphur, magnesium and calcium. Incorporated in 2003, Sirius Minerals Plc's shares are traded on the London Stock Exchange's Main Market. Further information on the Company can be found at: www.siriusminerals.com.