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Emmerson PLC - Grant of Share Options

RNS Number : 2730V
Emmerson PLC
05 August 2020
 

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

5 August 2020

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

Grant of Share Options

 

Emmerson Plc, the Moroccan focused potash development company, announces the grant of 55,000,000 (55 million) options to subscribe for new ordinary shares in the Company (the "New Options") to certain directors and senior management of the Company with effect from 1 August 2020 (the "Grant Date").

 

Details of the Options

Director / Senior Management

New Options

Vesting Dates

Total options held

Mr Graham Clarke

17,500,000

·    500,000 Options on the first anniversary of the Grant Date at a price of 0.001p per ordinary share;

·    1,000,000 Options on the first anniversary of the Grant Date at a price of 0.05p per ordinary share;

·    2,000,000 Options on the first anniversary of the Grant Date at a price of 0.07p per ordinary share;

·    3,333,333 Options on the first anniversary of the Grant Date at a price of 0.10p per ordinary share.

 

· 1,000,000 Options on the second anniversary of the Grant Date at a price of 0.001p per ordinary share;

· 1,000,000 Options on the second anniversary of the Grant Date at a price of 0.05p per ordinary share;

· 2,000,000 Options on the second anniversary of the Grant Date at a price of 0.07p per ordinary share;

· 3,333,333 Options on the second anniversary of the Grant Date at a price of 0.10p per ordinary share.

 

·   3,333,334 Options on the third anniversary of the Grant Date at a price of 0.10p per ordinary share.

  17,500,000

Mr Said Hamdioui

3,500,000

·    750,000 Options on the Grant Date at a price of 0.06p per ordinary share;

·    1,000,000 on the Grant Date at a price of 0.10p per ordinary share;

·    750,000 Options on the first anniversary of the Grant Date at a price of 0.06p per ordinary share; and

·    1,000,000 Options on the first anniversary of the Grant Date at a price of 0.10p per ordinary share;

  9,500,000

Mr Phil Cleggett

9,000,000

·    2,500,000 Options on the Grant Date at a price of 0.06p per ordinary share

·    2,000,000 Options on the Grant Date at a price of 0.10p per ordinary share

·    2,500,000 Options on the first anniversary of the Grant Date at a price of 0.06p per ordinary share

·    2,000,000 Options on the first anniversary of the Grant Date at a price of 0.10p per ordinary share

14,000,000

Mr Hayden Locke

10,000,000

·    One quarter of the Options on the Grant Date at a price of 0.06p per ordinary share;

·    one quarter of the Options on the Grant Date at a price of 0.10p per ordinary share;

·    one quarter of the Options on the first anniversary of the Grant Date at a price of 0.06p per ordinary share; and

·    one quarter of the Options on the first anniversary of the Grant Date at a price of 0.10p per ordinary share.

22,000,000

Mr Mark Connelly

5,000,000

   8,000,000

Mr Robert Wrixon

5,000,000

 11,000,000

Mr Ed McDermot

5,000,000

 11,000,000

 

 

**ENDS**

 

For further information, please visit www.emmersonplc.com, follow us on Twitter (@emmerson_plc), or contact: 

Hayden Locke

Emmerson Plc

Tel: +44 (0) 207 236 1177

Edward McDermott

 

 

 

Damon Heath

Shard Capital Partners

Tel: +44 (0) 20 7186 9950

Isabella Pierre

 

 

 

 

 

Isabel de Salis

Megan Dennison

St Brides Partners Ltd

Financial PR/IR

Tel: +44 (0) 20 7236 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% K2O 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. 

 

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

1.    Graham Clarke

2.    Said Hamdioui

3.    Hayden Locke

4.    Phil Cleggett

5.    Mark Connelly

6.    Robert Wrixon

7.    Ed McDermott

 

2. 

Reason for the notification

a)

Position/status:

1.    CEO

2.    Advisor

3.    Executive Director

4.    Head of Corporate Development

5.    Chairman

6.    Executive Director

7.    Non-Executive Director

b)

Initial notification/Amendment:

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Emmerson Plc

b)

LEI:


213800WAVVOPS85N2205

 

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 financial instrument, type of instrument:

Identification code:

Ordinary Shares of NPV

 

 

                                  ISIN: IM00BDHDTX83 

 

b)

Nature of the transaction:

Grant of Options

c)

Price(s) and volume(s):

 

Volume         Price

 

1.    Graham Clarke

i)                500,000          0.001p

ii)             1,000,000          0.05p

iii)            2,000,000          0.07p

iv)           3,333,333          0.10p

v)            1,000,000          0.001p

vi)           1,000,000          0.05p

vii)          2,000,000          0.07p

viii)         3,333,333          0.10p

ix)            3.333.334          0.10p

 

2.    Said Hamdioui

i)                750,000           0.06p

ii)             1,000,000           0.10p

iii)              750,000           0.06p

iv)           1,000,000           0.10p

 

3.    Hayden Locke

i)             2,500,000           0.06p

ii)            2,500,000           0.10p

iii)           2,500,000           0.06p

iv)           2,500,000           0.10p

 

4.    Phil Cleggett

i)                2,500,000        0.06p

ii)               2,000,000        0.10p

iii)              2,500,000        0.06p

iv)              2,000,000        0.10p

 

5.    Mark Connelly

i)                1,250,000        0.06p

ii)               1,250,000        0.10p

iii)              1,250,000        0.06p

iv)              1,250,000        0.10p

 

6.    Robert Wrixon

i)             1,250,000           0.06p

ii)            1,250,000           0.10p

iii)           1,250,000           0.06p

iv)           1,250,000           0.10p

 

7.   Ed McDermott

i)           1,250,000           0.06p

ii)          1,250,000           0.10p

iii)         1,250,000           0.06p

iv)         1,250,000           0.10p  

d)

Aggregated information:

Aggregated volume:

Price:

 

n/a 

e)

Date of the transaction:

1 August 2020

f)

Place of the transaction:

Outside a trading Venue

 


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 [email protected] or visit www.rns.com.
 
END
 
 
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