Emmerson PLC Director/PDMR Shareholding (7392C)
03 October 2018 - 12:14AM
UK Regulatory
TIDMEML
RNS Number : 7392C
Emmerson PLC
02 October 2018
Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining
2 October 2018
Emmerson Plc ("Emmerson" or the "Company")
Director's Dealing
Emmerson Plc, the Moroccan focused potash development company,
is pleased to announce that today the Company's Chairman, Mark
Connelly, bought a total of 479,261 Ordinary Shares of no par value
each in the Company (the "Ordinary Shares") at an average price of
3.73783 pence. Accordingly, Mark Connelly now holds 479,261
Ordinary Shares representing 0.08% of the Company's issued share
capital.
For further information,
please visit
www.emmersonplc.com,
follow us on
Twitter (@emmerson_plc),
or contact: Emmerson Plc Tel: +44 (0) 207 236
Hayden Locke 1177
Edward McDermott
James Biddle Beaumont Cornish Limited Tel: +44 (0) 207 628
Roland Cornish Financial Adviser 3396
Jeremy King Optiva Securities Limited Tel: +44 (0) 3137 1904
Broker
Lottie Wadham St Brides Partners Ltd Tel: +44 (0) 20 7236
Gaby Jenner Financial PR/IR 1177
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% K(2) O 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.
The following information relating to the transaction has been
filed with the FCA in accordance with Article 19(1) of the Market
Abuse Regulation:
Mark Connelly
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Connelly
--------------------------- --------------------------------------
2 Reason for notification
-------------------------------------------------------------------
a) Position / status Chairman
--------------------------- --------------------------------------
b) Initial notification Initial
/Amendment
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Emmerson plc
--------------------------- --------------------------------------
b) LEI 213800JA8ZK1K6CWYP61
--------------------------- --------------------------------------
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 Ordinary shares of no par value each
financial instrument, in Emmerson plc
type of instrument
Identification code ISIN IM00BDHDTX83
--------------------------- --------------------------------------
Nature of the transaction Purchase of 479,216 Ordinary Shares
--------------------------- --------------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
3.69 pence 250,000
-----------
3.79 pence 229,261
-----------
--------------------------- --------------------------------------
d) Aggregated information n/a
--------------------------- --------------------------------------
e) Date of the transaction 2 October 2018
--------------------------- --------------------------------------
f) Place of the transaction On market
--------------------------- --------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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