Harvest Minerals Limited Issue of Performance Shares (4106V)
23 July 2018 - 4:29PM
UK Regulatory
TIDMHMI
RNS Number : 4106V
Harvest Minerals Limited
23 July 2018
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector:
Mining
23 July 2018
Harvest Minerals Limited
('Harvest' or the 'Company')
Issue of Performance Shares
As announced on 5 February 2018, the Company has put in place an
incentive scheme for Executive Directors and Senior Management
(together, "Management"). The Tranche 2 performance condition has
now been achieved, being receipt of MAPA certification. As such,
the Company has issued, in aggregate, 1.5 million new Ordinary
Shares to Management (the "Tranche 2 Performance Shares") as
follows:
Name Number of Tranche Resultant Ordinary
3 Performance Shares Share holding in the
issued Company
Brian McMaster 500,000 7,242,996
---------------------- ----------------------
Luiz Azevedo 500,000 1,645,135
---------------------- ----------------------
Mark Heyhoe 250,000 750,000
---------------------- ----------------------
Luis Clerot 250,000 750,000
---------------------- ----------------------
Admission to Trading and Total Voting Rights
The above shares rank pari passu with the Company's existing
Ordinary Shares. Application has been made for these new Ordinary
Shares to be admitted to trading on AIM ('Admission'). It is
expected that Admission will become effective and dealings in these
new Ordinary Shares will commence on or around 25 July 2018.
Following the issue of the Tranche 2 Performance Shares, the
total issued share capital of the Company consists of 185,835,884
Ordinary Shares with voting rights. The Company does not hold any
Ordinary Shares in treasury. Therefore, the total number of voting
rights in the Company is 185,835,884 and this figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
ENDS
For further information please visit www.harvestminerals.net or
contact:
Harvest Minerals Limited Brian McMaster (Chairman) Tel: +44 (0) 20 7317
6629
Strand Hanson Limited James Spinney Tel: +44 (0)20 7409
(Nominated & Financial Ritchie Balmer 3494
Adviser)
Arden Partners plc Tim Dainton Tel: +44 (0) 20 7614
(Joint Broker) Paul Brotherhood 5900
Paul Shackleton
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186
(Joint Broker) 9900
St Brides Partners Ltd Isabel de Salis Tel: +44 (0)20 7236
(Financial PR) Gaby Jenner 1177
Notes:
Harvest Minerals (HMI.L) is a Brazilian focused fertiliser
producer advancing the 100% owned Arapua Fertiliser Project, which
produces KPfértil, a proven, multi-nutrient, slow release, organic
fertiliser and remineraliser. KPfértil offers many economic and
agronomic benefits and addresses the significant demand for locally
produced fertiliser in Brazil, with its abundant agricultural land;
currently, the country imports 90% of the potash it uses but has a
target to be self-sufficient in fertilisers by 2020. Covering
14,946 hectares and located in the heart of the Brazilian
agriculture belt in Minas Gerais, Arapua is a shallow, low cost
mine with an indicated and inferred resource of 13.07Mt at 3.1%
K(2) O and 2.49% P(2) O(5) . This is based on drilling just 6.7% of
the known mineralisation, leaving significant upside potential.
This resource is equivalent to over 29 years' production and the
known mineralisation expected to support 100+ years' production at
450,000 tonnes per annum.
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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