Sirius Minerals Plc Warrants Update - Block Listing Application (4341O)
28 May 2015 - 4:01PM
UK Regulatory
TIDMSXX
RNS Number : 4341O
Sirius Minerals Plc
28 May 2015
28 May 2015
Sirius Minerals Plc
Warrants Update - Block Listing Application
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY)
("Sirius" or the "Company") provide notification that a block
listing application has been made to the London Stock Exchange for
the admission to trading on AIM of up to 179,351,029 ordinary
shares in the Company (the "Block Listing Shares").
As part of the finance raising by the Company on 6 March 2014,
warrants were issued to participants in that raising. The Block
Listing Shares are the total number of shares that would be issued
pursuant to the exercise of all of those warrants issued. If all
the warrants are exercised, the shares that would be issued would
represent approximately 8.29% of the current issued share
capital.
The application for the admission of the Block Listing Shares,
being all of the shares that potentially could be issued pursuant
to the exercise of warrants, has been made to AIM in advance for
ease of administration as some warrants have now begun to be
exercised. Block Listing Shares will be issued from time to time
pursuant to the exercise of warrants by individual warrant holders
during the relevant exercise period. The Company will update the
total shares on issue on its website on a regular basis.
The Block Listing Shares will be issued credited as fully paid
and will rank pari passu in all respects with the existing common
shares of the Company. It is expected that the block admission will
become effective on 2 June 2015 and that shares will be issued and
admitted pursuant to the exercise of any warrants within 5 trading
days following a valid exercise of the warrants.
Income from the warrant payments will be used to fund the
ongoing development work for the York Potash Project.
Further information relating to the warrants, including in
relation to how to exercise the warrants, can be found on the
Company website: www.siriusminerals.com/investors/warrantsand
background is available via the Company's 'Results of Placing'
announcement which was made on 6 March 2014.
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
MSCPKODBKBKBPPB
Sirius Minerals (LSE:SXX)
Historical Stock Chart
From Apr 2024 to May 2024
Sirius Minerals (LSE:SXX)
Historical Stock Chart
From May 2023 to May 2024
