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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 : 8142U
Sirius Minerals Plc
03 August 2015
3 August 2015
Sirius Minerals Plc
Share Issue Update Following Warrant Conversions
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") hereby provide an update in respect of the warrants issued to investors on 14 March 2014, in connection with the placing by the Company on 6 March 2014.
As per the announcement of 28 May 2015, a block listing application was 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"). The Block Listing Shares are the total number of shares that could be issued pursuant to the exercise of warrants issued.
Since the last announcement on 29 June 2015 and during the month of July, pursuant to the valid exercise of warrants by individual warrant holders, 45,072,351 Block Listing Shares have been issued and credited as fully paid, meaning a total of 51,251,083 Block Listing Shares have been issued to date, providing the Company with warrant exercise proceeds of approximately GBP9.225m and equating to approximately 28 per cent of the total warrants. These shares rank pari passu in all respects with all existing ordinary shares of the Company.
Accordingly, the Company's enlarged issued share capital now comprises 2,216,118,264 ordinary shares with voting rights. This figure of 2,216,118,264 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
The remaining 128,099,946 Block Listing Shares will continue to be issued from time to time pursuant to the exercise of warrants by individual warrant holders during the relevant exercise period. The Company will continue to update the total shares on issue on its website on a regular basis.
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:
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
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