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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sirius Minerals Plc | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.49 | 5.485 | 5.49 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSXX
RNS Number : 5757J
Sirius Minerals Plc
08 April 2015
8 April 2015
Sirius Minerals Plc
Remuneration Report & Lapse of Options
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") provide an update on the results of its Remuneration Committee meeting. Following its recommendation, which mirrors the previous year's recommendation, the Board has confirmed that no share bonuses are to be awarded to Executive Directors or employees under the Company's Short Term Incentive Plan ("STIP") or the Company's Long Term Incentive Plan ("LTIP") in relation to the fiscal year ended 31 March 2015.
Pursuant to the LTIP share awards granted for the fiscal year ended 31 March 2013 (announced on 21 May 2013), 847,381 new ordinary shares of 0.25p each ("LTIP Shares") have vested in April 2015 and will be issued to employees of the Company.
285,714 LTIP Shares will be issued to Chris Fraser, Chief Executive Officer and Managing Director. Following the issue, Chris Fraser will have a total direct and indirect beneficial interest in 122,914,028 ordinary shares in the Company, representing 5.7 per cent of the Company's total voting rights.
An application has been made for the 847,381 LTIP Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM and trading in such shares is expected to commence at 8am Thursday 9 April 2015.
Following the issue of the LTIP Shares, the total number of shares in issue and the total number of ordinary shares in the Company with voting rights will be 2,146,867,642. 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.
Lapse of options
Details of all issued options in Company shares are available on the Company's website at all times and the website is updated frequently. An update today reflects that 43,800,000 options lapsed on 5 April 2015 ("Lapsed Options"). The holder of the Lapsed Options was Broadscope Pty Ltd as trustee for the Catlow Family Trust, of which Mr Christopher Catlow is a beneficiary.
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
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