TIDMEML
RNS Number : 3880V
Emmerson PLC
06 August 2020
The following amendments have been made to the Grant of Share
Options announcement released on 5 August 2020 at 16.10 under RNS
No 2730V.
The exercise prices should read GBP0.001, GBP0.05, GBP0.06,
GBP0.07 and GBP0.10.
All other details remain unchanged. The full amended text is
shown below.
Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining
6 August 2020
Emmerson Plc ("Emmerson" or the "Company")
Grant of Share Options
Emmerson Plc, the Moroccan focused potash development company,
announces the grant of 55,000,000 (55 million) options to subscribe
for new ordinary shares in the Company (the "New Options") to
certain directors and senior management of the Company with effect
from 1 August 2020 (the "Grant Date").
Details of the Options
Director New Options Vesting Dates Total options
/ Senior held
Management
* 500,000 Options on the first anniversary of the Grant
Date at a price of GBP0.001 per ordinary share;
* 1,000,000 Options on the first anniversary of the
Grant Date at a price of GBP0.05 per ordinary share;
* 2,000,000 Options on the first anniversary of the
Grant Date at a price of GBP0.07 per ordinary share;
* 3,333,333 Options on the first anniversary of the
Grant Date at a price of GBP0.10 per ordinary share.
* 1,000,000 Options on the second anniversary of the
Grant Date at a price of GBP0.001 per ordinary share;
* 1,000,000 Options on the second anniversary of the
Grant Date at a price of GBP0.05 per ordinary share;
* 2,000,000 Options on the second anniversary of the
Grant Date at a price of GBP0.07 per ordinary share;
* 3,333,333 Options on the second anniversary of the
Grant Date at a price of GBP0.10 per ordinary share.
Mr Graham * 3,333,334 Options on the third anniversary of the
Clarke 17,500,000 Grant Date at a price of GBP0.10 per ordinary share. 17,500,000
------------ ------------------------------------------------------------------ --------------
Mr Said Hamdioui 3,500,000 9,500,000
* 750,000 Options on the Grant Date at a price of
GBP0.06 per ordinary share;
* 1,000,000 on the Grant Date at a price of GBP0.10 per
ordinary share;
* 750,000 Options on the first anniversary of the Grant
Date at a price of GBP0.06 per ordinary share; and
* 1,000,000 Options on the first anniversary of the
Grant Date at a price of GBP0.10 per ordinary share;
------------ ------------------------------------------------------------------ --------------
Mr Phil Cleggett 9,000,000 14,000,000
* 2,500,000 Options on the Grant Date at a price of
GBP0.06 per ordinary share
* 2,000,000 Options on the Grant Date at a price of
GBP0.10 per ordinary share
* 2,500,000 Options on the first anniversary of the
Grant Date at a price of GBP0.06 per ordinary share
* 2,000,000 Options on the first anniversary of the
Grant Date at a price of GBP0.10 per ordinary share
------------ ------------------------------------------------------------------ --------------
Mr Hayden
Locke 10,000,000 22,000,000
------------ ------------------------------------------------------------------ --------------
Mr Mark Connelly 5,000,000 8,000,000
------------ --------------
Mr Robert
Wrixon 5,000,000 11,000,000
------------ --------------
Mr Ed McDermot 5,000,000 * One quarter of the Options on the Grant Date at a 11,000,000
price of GBP0.06 per ordinary share;
* one quarter of the Options on the Grant Date at a
price of GBP0.10 per ordinary share;
* one quarter of the Options on the first anniversary
of the Grant Date at a price of GBP0.06 per ordinary
share; and
* one quarter of the Options on the first anniversary
of the Grant Date at a price of GBP0.10 per ordinary
share.
------------ ------------------------------------------------------------------ --------------
**S**
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
Damon Heath Shard Capital Partners Tel: +44 ( 0) 20 7186
9950
Isabella Pierre
Isabel de Salis St Brides Partners Ltd Tel: +44 (0) 20 7236
Megan Dennison 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.
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name: 1. Graham Clarke
2. Said Hamdioui
3. Hayden Locke
4. Phil Cleggett
5. Mark Connelly
6. Robert Wrixon
7. Ed McDermott
-------------------------------- ---------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
a) Position/status: 1. CEO
2. Advisor
3. Executive Director
4. Head of Corporate Development
5. Chairman
6. Executive Director
7. 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: Emmerson Plc
-------------------------------- ---------------------------------------
b) LEI:
213800WAVVOPS85N2205
-------------------------------- ---------------------------------------
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 NPV
financial instrument,
type of instrument:
Identification code: ISIN: IM00BDHDTX83
-------------------------------- ---------------------------------------
b) Nature of the transaction: Grant of Options
-------------------------------- ---------------------------------------
c) Price(s) and volume(s):
Volume Price (GBP)
1. Graham Clarke
i) 500,000 0.001
ii) 1,000,000 0.05
iii) 2,000,000 0.07
iv) 3,333,333 0.10
v) 1,000,000 0.001
vi) 1,000,000 0.05
vii) 2,000,000 0.07
viii) 3,333,333 0.10
ix) 3.333.334 0.10
2. Said Hamdioui
i) 750,000 0.06
ii) 1,000,000 0.10
iii) 750,000 0.06
iv) 1,000,000 0.10
3. Hayden Locke
i) 2,500,000 0.06
ii) 2,500,000 0.10
iii) 2,500,000 0.06
iv) 2,500,000 0.10
4. Phil Cleggett
i) 2,500,000 0.06
ii) 2,000,000 0.10
iii) 2,500,000 0.06
iv) 2,000,000 0.10
5. Mark Connelly
i) 1,250,000 0.06
ii) 1,250,000 0.10
iii) 1,250,000 0.06
iv) 1,250,000 0.10
6. Robert Wrixon
i) 1,250,000 0.06
ii) 1,250,000 0.10
iii) 1,250,000 0.06
iv) 1,250,000 0.10
7. Ed McDermott
i) 1,250,000 0.06
ii) 1,250,000 0.10
iii) 1,250,000 0.06
iv) 1,250,000 0.10
-------------------------------- ---------------------------------------
d) Aggregated information:
Aggregated volume: n/a
Price:
-------------------------------- ---------------------------------------
e) Date of the transaction: 1 August 2020
-------------------------------- ---------------------------------------
f) Place of the transaction: Outside a trading Venue
-------------------------------- ---------------------------------------
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
DSHUNORRRKUWRAR
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