Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Minerals LSE:SXX London Ordinary Share GB00B0DG3H29 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.10p +0.36% 27.80p 27.80p 27.93p 28.38p 27.63p 27.63p 8,973,015 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -23.4 -0.9 - 1,240.74

Sirius Minerals Plc Director/PDMR Dealing & Option Adjustments

01/12/2016 1:00pm

UK Regulatory (RNS & others)

Sirius Minerals (LSE:SXX)
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RNS Number : 7224Q

Sirius Minerals Plc

01 December 2016

1 December 2016

Sirius Minerals Plc

Director/PDMR Dealing & Option Adjustments

Sirius Minerals Plc ("Sirius" or the "Company") has been notified that, further to admission of the Firm Placing and Placing and Open Offer shares to trading on AIM on 28 November 2016 and further to the announcement of 30 November 2016, that Jane Lodge, non-executive director, has acquired 170,953 shares as part of the excess entitlement facility in the Open Offer. As a result Jane Lodge has a beneficial interest in 386,953 ordinary shares which represents 0.009% of the Company's issued share capital.

Share Option Adjustments

The board of directors have approved certain market standard adjustments ("Adjustments") to the Company's outstanding share options in accordance with the terms of the option schemes to reflect the impact of the Open Offer aspect of the Firm Placing and Placing and Open Offer on the Company's existing share options ("Options"). As a result of the Adjustments the number of share options outstanding in the Company has increased from 59,141,234 to 60,855,229 and the average option exercise price has reduced from 34 pence to 33 pence per option.

After the Adjustments the following Directors/PDMRs have the following Options at the following exercise prices:

 Name             Role                        Options   Exercise     Expiry 
                                                           Price       Date 
 Chris Fraser     Managing Director        10,289,814      29.2p   26/9/17 
                   & CEO 
                                           10,289,814      43.7p    26/9/18 
 Keith Clarke     Non-executive 
  CBE              director                 1,852,167      29.2p   22/12/23 
 Lord John        Non-executive 
  Hutton           director                 1,852,167      29.2p   29/1/22 
 Thomas Staley    CFO (PDMR)                1,543,472      29.2p   20/1/18 
                                            1,543,472      29.2p    20/1/25 
 Nicholas         General Counsel 
  King             (PDMR)                   1,028,981      29.2p   2/12/22 
                  Development Director 
 Simon Carter      (PDMR)                   2,572,453        34p   25/10/26 

The Company's website has been updated to reflect these changes.

Regulatory information

As at the date of this announcement, the Company's issued share capital consists of 4,164,514,405 ordinary shares with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Tristan Pottas, Investor Relations Manager.

Director/PDMR Dealing - Further information

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described at the beginning of this announcement.

 1    Details of the person discharging 
       managerial responsibilities/person 
       closely associated 
---  ---------------------------------------------------- 
 a)   Name                       Jane Lodge 
---  -------------------------  ------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------- 
 a)   Position/status            Non Executive Director 
---  -------------------------  ------------------------- 
 b)   Initial                    Initial Notification 
---  -------------------------  ------------------------- 
 3    Details of the issuer, emission 
       allowance market participant, 
       auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------- 
 a)   Name                       Sirius Minerals Plc 
---  -------------------------  ------------------------- 
 b)   LEI                        n/a 
---  -------------------------  ------------------------- 
 4    Details of the transaction(s): 
       section to be repeated for 
       (i) each type of instrument; 
       (ii) each type of transaction; 
       (iii) each date; and (iv) 
       each place where transactions 
       have been conducted 
---  ---------------------------------------------------- 
 a)   Description                Shares 
       of the 
       type of 
---  -------------------------  ------------------------- 
 b)   Nature                     Take up of open offer 
       of the                     entitlement 
---  -------------------------  ------------------------- 
 c)   Price(s)                     Price(s)    Volume(s) 
       and volume(s)               ----------  ---------- 
                                     GBP0.20     170,953 
                                   ----------  ---------- 
---  -------------------------  ------------------------- 
 d)   Aggregated 
        *    Aggregated volume     170,953 
        *    Price 
---  -------------------------  ------------------------- 
 e)   Date of                    28 November 2016 
       the transaction 
---  -------------------------  ------------------------- 
 f)   Place                      AIM 
       of the 
---  -------------------------  ------------------------- 

For further information, please contact:

 Sirius Minerals Plc        Tristan Pottas 
  Investor Relations         Email:     Tel: +44 845 
  Manager                                                         524 0247 
-------------------------  ------------------------------  --------------- 
 Joint Brokers 
  Liberum Capital Limited     Neil Elliot,                     Tel: +44 20 
  (NOMAD)                     Clayton Bush,                      3100 2222 
                              Jill Li 
 J.P. Morgan Cazenove       Ben Davies, Jamie                  Tel: +44 20 
                             Riddell                             7742 4000 
 WH Ireland                 Adrian Hadden                      Tel: +44 20 
                                                                 7220 1666 
-------------------------  ------------------------------  --------------- 
 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' shares are traded on the London Stock Exchange's AIM market (AIM: SXX). Further information on the Company can be found at:

This information is provided by RNS

The company news service from the London Stock Exchange



(END) Dow Jones Newswires

December 01, 2016 08:00 ET (13:00 GMT)

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