Emmerson PLC Director/PDMR Shareholding (7392C)

TIDMEML

RNS Number : 7392C

Emmerson PLC

02 October 2018

Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining

2 October 2018

Emmerson Plc ("Emmerson" or the "Company")

Director's Dealing

Emmerson Plc, the Moroccan focused potash development company, is pleased to announce that today the Company's Chairman, Mark Connelly, bought a total of 479,261 Ordinary Shares of no par value each in the Company (the "Ordinary Shares") at an average price of 3.73783 pence. Accordingly, Mark Connelly now holds 479,261 Ordinary Shares representing 0.08% of the Company's issued share capital.

 
 For further information, 
  please visit 
  www.emmersonplc.com, 
  follow us on 
  Twitter (@emmerson_plc), 
  or contact:                    Emmerson Plc                Tel: [phone] 
   Hayden Locke                                    1177 
   Edward McDermott 
   James Biddle       Beaumont Cornish Limited    Tel: [phone] 
    Roland Cornish     Financial Adviser           3396 
   Jeremy King        Optiva Securities Limited   Tel: [phone] 
                       Broker 
 
   Lottie Wadham      St Brides Partners Ltd      Tel: [phone] 
    Gaby Jenner        Financial PR/IR             1177 
 

Notes to Editors

Emmerson's primary focus is on developing the Khemisset Potash Project located in Northern Morocco. The project has a large JORC Resource Estimate (2012) of 311.4Mt @ 10.2% K(2) O and significant exploration potential with an accelerated development pathway targeting a low capex, high margin mine. Khemisset is perfectly located to capitalise on the expected growth of African fertiliser consumption whilst also being located on the doorstep of European markets. This unique positioning means the project will receive a premium netback price compared to existing potash producers. The need to feed the world's rapidly increasing population is driving demand for potash and Emmerson is well placed to benefit from the opportunities this presents.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation:

Mark Connelly

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Mark Connelly 
     ---------------------------  -------------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------- 
 a)   Position / status            Chairman 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial 
       /Amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         Emmerson plc 
     ---------------------------  -------------------------------------- 
 b)   LEI                          213800JA8ZK1K6CWYP61 
     ---------------------------  -------------------------------------- 
 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 of the           Ordinary shares of no par value each 
       financial instrument,        in Emmerson plc 
       type of instrument 
 
       Identification code          ISIN IM00BDHDTX83 
     ---------------------------  -------------------------------------- 
      Nature of the transaction    Purchase of 479,216 Ordinary Shares 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volumes(s)        Price(s)      Volumes(s) 
                                      3.69 pence    250,000 
                                                   ----------- 
                                      3.79 pence    229,261 
                                                   ----------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information       n/a 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      2 October 2018 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     On market 
     ---------------------------  -------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

DSHUGGPGUUPRGCP

(END) Dow Jones Newswires

October 02, 2018 10:14 ET (14:14 GMT)