Sirius Minerals plc Issue of shares pursuant to convertible bonds (4807H)
08 June 2017 - 4:00PM
UK Regulatory
TIDMSXX
RNS Number : 4807H
Sirius Minerals plc
08 June 2017
8 June 2017
Sirius Minerals Plc
Issue of shares pursuant to convertible bonds
Sirius Minerals Plc ("Sirius" or the "Company") announces that
it has received conversion notices in respect of 173 convertible
bonds issued by Sirius Minerals Finance Limited during the
Company's stage 1 financing. The convertible bonds, due 2023, which
were issued at US$200,000 each and raised US$400 million, were
announced on 3 November 2016 (RNS number 2246O). As a result of
these conversions the Company will allot and issue 112,483,739 new
ordinary shares of GBP0.0025 each (the "Relevant Shares").
An application has been made for the Relevant Shares to be
admitted to the premium listing segment of the Official List of the
Financial Conduct Authority (the "FCA") and to trading on the
London Stock Exchange plc's main market for listed securities, and
dealings are expected to commence at 8.00 am on 9 June 2017. The
Relevant Shares will rank pari passu in all respects with all
existing ordinary shares in the Company.
In accordance with the requirements of the FCA's Disclosure
Guidance and Transparency Rules 5.6.1AR and 5.6.2G, the Company
confirms that the enlarged share capital of the Company following
Admission will be 4,341,367,450 Ordinary Shares in aggregate, each
with equal voting rights. No shares are held in treasury. The above
figure may be used by shareholders (and others with notification
obligations) as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, Sirius Minerals Plc under the FCA's
Disclosure Guidance and Transparency Rules.
Notes on conversion
No. of Value Shares issued Total shares
bonds (US$) in issue
Previously
converted 99 19,800,000 64,369,306
This announcement 173 34,600,000 112,483,739
------------------- -------------- ------------------- ------------------- --------------
Totals 272 54,400,000 176,853,045 4,341,367,450
As a result of the conversions to date 13.60%
of the convertible bonds issued as part of the
Company's stage 1 financing have now been converted
into ordinary shares.
For further information, please contact:
Sirius Minerals Plc Tristan Pottas Tel: +44 845
Investor Relations Email: ir@siriusminerals.com 524 0247
Manager
-------------------- ------------------------------ -------------
Media Enquiries Jos Simson, Mike Tel: +44 20
Tavistock Bartlett, 7920 3150
Emily Fenton
-------------------- ------------------------------ -------------
About Sirius Minerals Plc
Sirius Minerals Plc is the fertilizer development company
focused on the construction and development of its North Yorkshire
polyhalite project in the United Kingdom. It believes the Project
represents the world's largest high-grade known deposit of
polyhalite, a multi-nutrient form of potash containing potassium,
sulphur, magnesium and calcium. Incorporated in 2003, Sirius
Minerals Plc's shares are traded on the London Stock Exchange's
Main Market. 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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