22nd Apr 2015 16:09
LONDON (Alliance News) - Sirius Minerals PLC Wednesday said it has asked for its shares to be suspended from trading on a temporary basis as it awaits the outcome of a planning permission decision on Thursday.
In a statement, the potash development company said its shares will be suspended from 0730 BST in London on Thursday.
Sirius Minerals is awaiting the final decision on planning permission for its mine and mineral transport system by Redcar and Cleveland Borough Council on Thursday.
"The suspension has been requested because the decision will be taken at a public meeting during trading hours on Thursday 23 April 2015 and the company is under obligation to ensure that the market is updated in an orderly fashion. Trading in the company's shares will resume as soon as practicable following the RCBC committee decision being announced," Sirius Minerals said.
Sirius Minerals shares closed flat at 13.50 pence on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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