Sirius Minerals Plc Issue and Allotment of Ordinary Shares (8034J)
10 April 2015 - 4:00PM
UK Regulatory
TIDMSXX
RNS Number : 8034J
Sirius Minerals Plc
10 April 2015
10 April 2015
Sirius Minerals Plc
End of Conversion rights from Convertible Security Financing
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY)
("Sirius" or the "Company") announce the end of conversion rights
pursuant to the convertible security financing first announced to
the market on 12 August 2013.
This follows the Company receiving notices of exercise in
respect of convertible securities previously issued on 23 January
2014 at conversion prices of 7.3p and 7.4p per share, the details
of which were announced to the market on 12 August 2013 pursuant to
which 8,135,877 ordinary shares (the "Relevant Shares") fall to be
issued. An application has therefore been made for the Relevant
Shares to be admitted to trading on AIM with admission expected to
take place on 15 April 2015. The Relevant Shares will rank pari
passu in all respects with all existing ordinary shares in the
Company.
Following admission of the Relevant Shares, the Company's
enlarged issued share capital will comprise 2,164,092,181 ordinary
shares with voting rights. This figure of 2,164,092,181 ordinary
shares 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.
For further information, please contact:
Sirius Minerals Plc
Investor Relations Email: ir@siriusminerals.com Tel: +44 845
524 0247
--------------------------- ------------------------------- ---------------
Joint Brokers
Liberum Capital Limited Clayton Bush Tel: +44 20
3100 2222
Macquarie Capital (Europe) Ken Fleming, Tel: +44 20
Limited (NOMAD) Nick Harland, 3037 2000
Nick Stamp
WH Ireland Adrian Hadden Tel: +44 20
7220 1666
--------------------------- ------------------------------- ---------------
Media Enquiries Jos Simson, Mike Tel: +44 20
Tavistock Bartlett, 7920 3150
Emily Fenton
--------------------------- ------------------------------- ---------------
Warrant Trading Enquiries
Liberum Capital Limited Simon Smith Tel: +44 20
3100 2171
--------------------------- ------------------------------- ---------------
About Sirius Minerals Plc
Sirius Minerals is a potash development company with properties
in the United Kingdom (North Yorkshire) and the United States
(North Dakota). Its primary focus is the development of the York
Potash Project which has the world's largest and highest grade
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. Its shares are also traded in the United States on the
OTCQX through a sponsored ADR facility. Further information on the
Company can be found at www.siriusminerals.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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