UPDATE: Emmerson raises GBP240,000 in oversubscribed retail offer
8th Apr 2024 18:44
(Alliance News) - Emmerson PLC late Monday said it raised GBP240,000 from a "significantly oversubscribed" retail offer. Read More
(Alliance News) - Emmerson PLC late Monday said it raised GBP240,000 from a "significantly oversubscribed" retail offer. Read More
(Alliance News) - Emmerson PLC shares sank on Monday, as the company said it would be submitting amended environmental approval applications for its Moroccan potash project and announced a discounted fundraise. Read More
(Alliance News) - Emmerson PLC on Monday said a government committee in Morocco has upheld a referral of approval for the Khemisset potash project, which is fully owned by Emmerson. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Emmerson PLC on Monday said it is still waiting to obtain environmental approval for its Khemisset potash project in Morocco, where "important process optimisation work" is under review. Read More
(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Emmerson PLC - Morocco-focused potash development company - In response to the recent 6.8 magnitude earthquake which struck late on Friday in Marrakesh and killed more than 2,500 people, says Khemisset project and support offices are located "some distance" from earthquake zone and therefore not directly impacted. Says all employees are safe and unaffected. Adds it "expresses its deepest condolences and will support the Moroccan authorities in any way it can." Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
(Alliance News) - Emmerson PLC on Thursday said it will continue to seek environmental approval for the Khemisset project in Morocco, after it was referred from regional level to the national Commission Ministerielle de Pilotage. Read More
Emmerson PLC - Morocco-focused potash development company - Pretax loss widens to USD3.2 million in 2022 from USD2.8 million in 2021. Says all the company's activities during 2022 were focused on bringing the Khemisset potash project in Morocco into production as quickly as possible. Notes several hurdles, including the finalisation of basic engineering and design work, obtaining environmental approvals, the raising of finance, working with potential offtake partners, and putting together the necessary teams to execute construction. "Obtaining the environmental approval is clearly on the critical path for the company, and it would be impossible to deny that it has already taken longer than had been hoped, or expected," the company says. However, Chief Executive Graham Clarke says the project is now closer to obtaining environment approval. Read More
Emmerson PLC - developer of the Khemisset potash mine in Morocco - Appoints a syndicate of "leading international and Moroccan banks" as initial mandated lead arrangers to co-ordinate and fund dual-tranche debt financing facilities for the development of its Khemisset Potash project in Morocco. The four MLAs selected are ING Bank Group, Banque Centrale Populaire, Bank of Africa and a further unnamed "international European Bank." Read More
(Alliance News) - Emmerson PLC on Monday said it signed non-binding memoranda of understanding with Keytrade AG, a fertiliser trading company, and commodities trader Hexagon Group AG. Read More
Emmerson PLC - developing Khemisset potash mine in Morocco - Receives USD6.0 million equity investment from Global Sustainable Minerals Pte Ltd at 6.0 pence per share and raises a further GBP97,024 from an offer to retail investors via Peel Hunt's REX platform at the same price. GSM and Gold Quay Capital Pte Ltd also agree to extend a USD40.0 million convertible loan note to September 30. The loan notes convert at 8.2p. Emmerson says it now is funded to complete basic engineering work, permitting and project financing processes through to a construction decision for Khemisset. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Emmerson PLC - Isle of Man-based potash development company - Pretax loss widens to USD2.8 million in 2021 from USD1.9 million in 2020. Does not report any revenue as it is in the pre-construction phase of its business. Administrative expenses double to USD2.3 million from USD1.0 million. "The fair value of goods or services received in exchange for shares is recognised as an expense and included within administrative expenses," company explains. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Emmerson faces 2022 with confidence due to promising potash project Read More