29 Jun 2011 07:00
For immediate release: 29 JUNE 2011
Sirius Minerals Plc
("Sirius" or the "Company")
Liberum Appointed Joint Broker and Transition to SETS
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce that the Company has appointed Liberum Capital Limited ("Liberum") to act as its joint broker with immediate effect. The Company has also arranged to start trading of the Company's shares on the SETS system on the London Stock Exchange's AIM ("AIM").
Liberum is one of the UK's leading independent investment banks, with a strong emphasis on mining. The group's services include research, sales, trading, equity capital markets ("ECM") and corporate advisory. In the recently released 2011 UK Small Caps Equity Research survey Liberum was named "No.1 brokerage firm in UK Mining Small & Mid Cap" and it recently acted as Co-lead Manager on Glencore International Plc's record $60 billion IPO on the London and Hong Kong stock exchanges. More information on Liberum can be found at: www.liberumcapital.com.
Liberum joins XCAP Securities plc as joint brokers.
Sirius has also decided to move the trading of its shares on AIM from SEAQ to the SETS electronic order book trading system. SETS offers multiple order types and market maker support, and is one of the most liquid electronic order books in Europe. The combination of this liquidity, market supervision, and competing clearers ensures a fair and transparent market for investors.
Chris Fraser, Managing Director and CEO of Sirius, said:
"We are delighted to appoint Liberum as our joint broker. They have an excellent global reputation for providing high-quality unbiased advice to its clients, as well as for delivering innovative solutions across a broad range of corporate transactions. We look forward to working with Liberum as we continue to advance Sirius toward our goal of becoming a leading producer in the global potash industry.
The transition to SETS should increase market transparency, trading efficiency and liquidity for the Company's shares."
For further information, please contact:
Sirius Minerals Plc | |||
Chris Fraser(MD & CEO) | Tel: +44 7582711382 | Andrew Lindsay(FD & CFO) | Tel: +44 20 7917 2800 |
NOMAD | Joint Brokers | Media Enquiries | |
Beaumont Cornish Limited | Liberum Capital Limited | XCAP Securities Plc | Gth Media Relations |
Roland Cornish, James Biddle | Michael Rawlinson, Clayton Bush | John Grant, Karen Kelly, David Newton | Toby Hall, Christian Pickel |
Tel: +44 20 7628 3396 | Tel: + 44 20 3100 2222 | Tel: +44 20 7101 7070 | Tel: + 44 20 3103 3903 |
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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 Research and Development 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.