23 Nov 2011 13:33
23 NOVEMBER 2011
Sirius Minerals Plc
("Sirius" or the "Company")
Director Dealings and Timing of Chemical Assay Results
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash mining company, were notified today that Scrimshaw Nominees Pty Limited as the trustee of Scrimshaw Family Trust, of which Mr RJ Scrimshaw is a beneficiary, has today purchased 1,000,000 of the Company's 0.25p ordinary shares ("Ordinary Shares") at an average price of 23.65p each. Following this transaction, Mr Scrimshaw has an indirect beneficial interest in 13,500,000 shares representing 1.31% of the Company's issued share capital.
The Company also confirms that the chemical assay results on its first hole at the York Potash Project are due to be received and released to the market next week. The next hole (SM2 at Howlett Hall) is approaching coring depth with the preliminary results expected within a few weeks of coring commencing.
As at the date of this announcement, the Company's issued share capital consists of 1,033,477,755 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in the Company with voting rights is 1,033,477,755.
For further information, please contact:
Sirius Minerals Plc | |||
Chris Fraser(MD & CEO) | Tel: +44 7582711382 or +61 404 073 288 | Andrew Lindsay(FD & CFO) | Tel: +44 20 3327 3661 |
NOMAD/ Joint Broker | Joint Brokers | Media Enquiries |
Macquarie Capital (Europe) Limited | Liberum Capital Limited | Gth Media Relations |
Steve Baldwin, Sam Small, Nick Harland, Dan Iacopetti
| Michael Rawlinson, Clayton Bush | Toby Hall, Suzanne Johnson Walsh |
Tel: +44 20 3037 2000 | Tel: + 44 20 3100 2222 | Tel: + 44 20 3103 3903 |
About Sirius Minerals Plc
Sirius Minerals is a globally diversified potash development company. Its primary focus is to bring on stream major potash mining facilities through the acquisition and development of projects overlying recognised potash deposits. Today it holds properties in the United Kingdom (North Yorkshire), the United States (North Dakota), and Australia (Queensland and Western Australia).
The Company is additionally progressing ongoing innovation initiatives into the secondary uses of salt and potash beds for energy storage and carbon dioxide sequestration.
Incorporated in 2003, Sirius Minerals' shares are traded on the London Stock Exchange's AIM market. Its shares are also traded in the United States on the OTCQX through the use of a sponsored ADR facility. Further information on the Company can be found at www.siriusminerals.com.