leadf
logo-loader
viewEmmerson PLC

Emmerson PLC - Replacement for Grant of Share Options

RNS Number : 3880V
Emmerson PLC
06 August 2020
 

 

The following amendments have been made to the Grant of Share Options announcement released on 5 August 2020 at 16.10 under RNS No 2730V.

 

The exercise prices should read £0.001, £0.05, £0.06, £0.07 and £0.10.

 

All other details remain unchanged. The full amended text is shown below.

 

 

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

6 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 £0.001 per ordinary share;

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

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

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

 

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

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

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

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

 

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

  17,500,000

Mr Said Hamdioui

3,500,000

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

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

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

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

  9,500,000

Mr Phil Cleggett

9,000,000

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

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

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

·    2,000,000 Options on the first anniversary of the Grant Date at a price of £0.10 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 £0.06 per ordinary share;

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

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

·    one quarter of the Options on the first anniversary of the Grant Date at a price of £0.10 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          0.001

ii)             1,000,000          0.05

iii)            2,000,000          0.07

iv)           3,333,333          0.10

v)            1,000,000          0.001

vi)           1,000,000          0.05

vii)          2,000,000          0.07

viii)         3,333,333          0.10

ix)            3.333.334          0.10

 

2.    Said Hamdioui

i)                750,000           0.06

ii)             1,000,000           0.10

iii)              750,000           0.06

iv)           1,000,000           0.10

 

3.    Hayden Locke

i)             2,500,000           0.06

ii)            2,500,000           0.10

iii)           2,500,000           0.06

iv)           2,500,000           0.10

 

4.    Phil Cleggett

i)                2,500,000        0.06

ii)               2,000,000        0.10

iii)              2,500,000        0.06

iv)              2,000,000        0.10

 

5.    Mark Connelly

i)                1,250,000        0.06

ii)               1,250,000        0.10

iii)              1,250,000        0.06

iv)              1,250,000        0.10

 

6.    Robert Wrixon

i)             1,250,000           0.06

ii)            1,250,000           0.10

iii)           1,250,000           0.06

iv)           1,250,000           0.10

 

7.   Ed McDermott

i)           1,250,000           0.06

ii)          1,250,000           0.10

iii)         1,250,000           0.06

iv)         1,250,000           0.10  

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
 
 
DSHUNORRRKUWRAR

Quick facts: Emmerson PLC

Price: 4.4

Market: LSE
Market Cap: £31.97 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Market report: FTSE fragile Friday despite UK shoppers continuing to splurge...

Good morning, it’s a fragile Friday for the FTSE despite signs of some retail therapy as British retail sales continued to increase for the fourth consecutive month, boosted by spending on household goods and DIY, according to the ONS.  J Sainsbury PLC (LON:SBRY) is up after a...

1 week ago