30 Nov 2016 17:20
30 November 2016
Sirius Minerals Plc
Director/PDMR Dealing & Holdings in Company
Sirius Minerals Plc ("Sirius" or the "Company") has been notified that, further to admission of the Firm Placing and Placing and Open Offer shares to trading on AIM on 28 November 2016, the following Directors/PDMRs have acquired shares in the Open Offer and in the following amounts:
Name | Role | Shares acquired | Resultant holding | Holding in Company |
Russell Scrimshaw1 | Non-executive chairman | 2,557,142 | 43,523,979 | 1.04% |
Keith Clarke CBE | Non-executive director | 227,208 | 852,207 | 0.02% |
Elizabeth Noel Harwerth | Non-executive director | 9,644 | 79,109 | 0.002% |
Lord John Hutton | Non-executive director | 2,285 | 30,856 | 0.007% |
Jane Lodge3 | Non-executive director | 16,000 | 216,000 | 0.005% |
Thomas Staley | CFO (PDMR) | 42,400 | 572,400 | 0.014% |
Nicholas King2 | General Counsel (PDMR) | 36,282 | 372,366 | 0.009% |
1Shares are held by Scrimshaw Nominees Pty Limited as trustee for The Scrimshaw Family Trust and Scrimshaw Nominees Superannuation Fund, of which Russell Scrimshaw, non-executive chairman of the Company, is a beneficiary. 2Shares acquired represent 21,392 acquired through the Placing and Open Offer and 14,890 ordinary shares purchased on the open market on 28 November 2016 at an average price of 20p. 3Jane Lodge's holding is correct as of today's date, however she is awaiting confirmation from her retail nominee as to how much, if any, of the excess she requested was allocated to her by the nominee. | ||||
Holdings in Company
The Company has been notified that Chris Fraser, Managing Director & Chief Executive Officer, has maintained his beneficial interest in 123,747,368 ordinary shares of the Company. As a result of admission of the Firm Placing and Placing and Open Offer shares to trading on AIM on 28 November 2016, he has a beneficial interest in the Company's ordinary shares that represents 2.97% of the issued share capital of the Company.
The Company has also been notified that Broadscope Pty Ltd as trustee for the Catlow Family Trust, of which Mr Christopher Catlow, former non-executive director, is a beneficiary has maintained its beneficial interest in 102,213,000 ordinary shares of the Company. As a result of admission of the Firm Placing and Placing and Open Offer shares to trading on AIM on 28 November 2016, its beneficial interest in the Company's ordinary shares has fallen below the 3% threshold at which it is obliged to notify the Company of further changes in holding.
The Company's website has been updated to reflect these changes.
Regulatory information
As at the date of this announcement, the Company's issued share capital consists of 4,165,514,405 ordinary shares with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Tristan Pottas, Investor Relations Manager.
Director/PDMR Dealing - Further information
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described at the beginning of this announcement.
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Russell Scrimshaw | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| Chairman | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Sirius Minerals Plc | ||||
b) | LEI
| n/a | ||||
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
| Shares
GB00B0DG3H29
| ||||
b) | Nature of the transaction
| Take up of open offer entitlement | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
2,557,142
£0.20
| ||||
e) | Date of the transaction
| 28 November 2016 | ||||
f) | Place of the transaction
| AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Keith Clarke | ||||
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
| Sirius Minerals Plc | ||||
b) | LEI
| n/a | ||||
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
| Shares
GB00B0DG3H29
| ||||
b) | Nature of the transaction
| Take up of open offer entitlement | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
227,208
£0.20
| ||||
e) | Date of the transaction
| 28 November 2016 | ||||
f) | Place of the transaction
| AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Elizabeth Noel Harwerth | ||||
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
| Sirius Minerals Plc | ||||
b) | LEI
| n/a | ||||
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
| Shares
GB00B0DG3H29
| ||||
b) | Nature of the transaction
| Take up of open offer entitlement | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
9,644
£0.20
| ||||
e) | Date of the transaction
| 28 November 2016 | ||||
f) | Place of the transaction
| AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| John Hutton | ||||
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
| Sirius Minerals Plc | ||||
b) | LEI
| n/a | ||||
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
| Shares
GB00B0DG3H29
| ||||
b) | Nature of the transaction
| Take up of open offer entitlement | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
2,285
£0.20
| ||||
e) | Date of the transaction
| 28 November 2016 | ||||
f) | Place of the transaction
| AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Jane Lodge | ||||
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
| Sirius Minerals Plc | ||||
b) | LEI
| n/a | ||||
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
| Shares
GB00B0DG3H29
| ||||
b) | Nature of the transaction
| Take up of open offer entitlement | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
16,000
£0.20
| ||||
e) | Date of the transaction
| 28 November 2016 | ||||
f) | Place of the transaction
| AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Thomas Staley | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| CFO | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Sirius Minerals Plc | ||||
b) | LEI
| n/a | ||||
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
| Shares
GB00B0DG3H29
| ||||
b) | Nature of the transaction
| Take up of open offer entitlement | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
42,400
£0.20
| ||||
e) | Date of the transaction
| 28 November 2016 | ||||
f) | Place of the transaction
| AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Nicholas King | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| General Counsel & Company Secretary | ||||
b) | Initial notification/ Amendment
| Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name
| Sirius Minerals Plc | ||||
b) | LEI
| n/a | ||||
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
| Shares
GB00B0DG3H29
| ||||
b) | Nature of the transaction
| Take up of open offer entitlement and further purchase of shares on market | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
36,282
£0.20
| ||||
e) | Date of the transaction
| 28 November 2016 | ||||
f) | Place of the transaction
| AIM | ||||
For further information, please contact:
Sirius Minerals Plc Investor Relations Manager | Tristan Pottas Email: ir@siriusminerals.com |
Tel: +44 845 524 0247 |
Joint Brokers Liberum Capital Limited (NOMAD) |
Neil Elliot, Clayton Bush, Jill Li |
Tel: +44 20 3100 2222 |
J.P. Morgan Cazenove | Ben Davies, Jamie Riddell | Tel: +44 20 7742 4000 |
WH Ireland | Adrian Hadden | Tel: +44 20 7220 1666 |
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' shares are traded on the London Stock Exchange's AIM market (AIM: SXX). Further information on the Company can be found at: www.siriusminerals.com.