TIDMSXX
RNS Number : 6831W
Sirius Minerals Plc
21 August 2015
21 August 2015
Sirius Minerals Plc
Notice of Warrant Holder Meeting
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY)
("Sirius" or the "Company") hereby provide notice of a meeting of
the remaining holders of warrants (as at the date of the meeting
detailed below) issued to investors on 14 March 2014 ("Warrant
Holders") pursuant to a warrant instrument constituting warrants in
respect of ordinary shares in the Company (the "Warrants"), and in
connection with the placing by the Company on 6 March 2014 (the
"Warrant Instrument").
Purpose and background to the meeting
Pursuant to the Warrant Instrument, the Warrants are due to
lapse on 14 September 2015. The meeting is being convened for the
Warrant Holders to consider, and if thought fit, approve an
amendment to the definition of "Relevant Expiration Date" under the
Warrant Instrument so that Warrant Holders have additional time
(until 30 October 2015) to exercise their Warrants for ordinary
shares in the Company.
The resolution is meant to reflect an extension of time to allow
Warrant Holders to exercise their outstanding Warrants. The
extension of time reflects the principle which the original
expiration date was based on, that the Warrants would not expire
until after receipt of the formal permission to commence
construction of the York Potash Project from the North York Moors
National Park Authority. As previously communicated to the market
the formal receipt of planning permission is expected by the end of
September 2015.
Time, date and address of meeting
The meeting shall take place at 10.30am on 4 September 2015 at
Allen & Overy LLP, One Bishops Square, London, E1 6AD (the
"Warrant Holder Meeting").
Notices of the meeting and proxy forms will be sent to current
Warrant Holders by post and can be found on the Company's website
at www.siriusminerals.com/investors/warrants.
Appointing a proxy
Warrant Holders are entitled to appoint one or more proxies to
exercise all or any of his/her rights to attend, speak and vote at
the Warrant Holder Meeting. You can only appoint a proxy using the
procedures set out in these notes and the notes to the proxy
form.
A proxy does not need to be a Warrant Holder but must attend the
Warrant Holder Meeting to represent you. Details of how to appoint
the Chairman of the Warrant Holder Meeting or another person as
your proxy using the proxy form are set out in the notes to the
proxy form. If you wish your proxy to speak on your behalf at the
Warrant Holder Meeting, you will need to appoint your own choice of
proxy (not the Chairman) and give your instructions directly to
them.
Appointment of a proxy must be done by way of a proxy form which
should be sent to Capita Asset Services at PXS 1, 34 Beckenham
Road, Beckenham, Kent, BR3 4ZF by 10:30am on 2 September 2015. The
instrument of proxy is invalid if not deposited in accordance with
this paragraph.
In the case of a Warrant Holder which is a company, the proxy
form must be executed under its common seal or signed on its behalf
by an officer of the company or an attorney for the company. The
original of any power of attorney or any other authority under
which the proxy form is signed (or a notarially certified copy of
such power or authority) must be included with the proxy form.
Entitlement to attend and vote
At the Warrant Holder Meeting:
(a) on a show of hands each Warrant Holder (other than the
Company and/or any of its subsidiaries) who is present in person
(or in the case of a corporation by a duly authorised
representative) and each person who is a proxy has one vote;
and
(b) on a poll each Warrant Holder (other than the Company and/or
any of its subsidiaries) who is present in person or by proxy has a
number of votes equal to the proportion (expressed as a percentage
figure rounded up or, as appropriate, down to the nearest one tenth
of one per cent.) of the outstanding Warrants represented by
Warrants held by him. Any person entitled to more than one vote
need not use all his votes or cast all the votes to which he is
entitled in the same way. In the event that a Warrant Holder signs
and returns a proxy form, but fails to appoint a proxy, the
Chairman of the Warrant Holder Meeting will be deemed to be their
proxy.
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/warrants and
background is available via the Company's 'Results of Placing'
announcement which was made on 6 March 2014.
For further information, please contact: Capita Asset
Services
By phone - UK - 0871 664 0300 (UK Calls cost 10p per minute plus
network extras). From overseas - +44 20 8639 3399.
Lines are open 9.00am to 5.30pm, Monday to Friday, excluding
public holidays.
By email - shareholderenquiries@capita.co.uk
By post - Capita Asset Services, The Registry, 34 Beckenham
Road, Beckenham, Kent, BR3 4TU
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 the fertilizer development company focused on
the development of the York Potash Project in the United Kingdom,
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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