19th Aug 2014 07:00
19 August 2014
Sirius Minerals Plc
Exercise of Options and Share Issue
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or "the Company") today announce the issue of 1,294,445 ordinary shares of 0.25p each ("Ordinary Shares").
Following the announcement of 6 August 2014, 1,044,445 Ordinary Shares will be issued to the Company's former Chief Financial Officer and Finance Director.
The remaining 250,000 Ordinary Shares are issued pursuant to the receipt of an exercise notice in relation to share options granted to an ex-employee in August 2010. The share options are exercised at 4.5p per share raising a total of £11,250. The monies will be used for general working capital purposes.
An application has been made for the Ordinary Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM and trading in such shares is expected to commence at 8am on 20 August 2014.
Following the issue of the ordinary shares, the total number of shares in issue and the total number of ordinary shares in the Company with voting rights will be 1,875,419,543. This total number reflects a reduction following the cancellation of 25,000 ordinary shares which were previously allotted due to an administrative error. This revised figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
For further information, please contact:
Sirius Minerals Plc Investor Relations
|
Email: [email protected] |
Tel: +44 8455 240 247 |
Joint Brokers Liberum Capital Limited |
Clayton Bush, Tim Graham |
Tel: +44 20 3100 2222 |
Macquarie Capital (Europe) Limited (NOMAD) | Steve Baldwin, Raj Khatri | Tel: +44 20 3037 2000 |
WH Ireland
| Adrian Hadden | Tel: +44 20 7220 1666 |
Media Enquiries
| Mark Antelme, Lorna Cobbett | Tel: +44 20 3772 2500 |
Warrant Trading Enquiries Liberum Capital Limited |
Simon Smith |
Tel: +44 20 3100 2171 |
About Sirius Minerals Plc
Sirius Minerals is a potash development company with properties in the United Kingdom (North Yorkshire) and the United States (North Dakota). Its primary focus is the development of the York Potash Project which has the world's largest and highest grade deposit of polyhalite, a multi-nutrient form of potash containing potassium, sulphur, magnesium and calcium. Incorporated in 2003, Sirius Minerals' shares are traded on the London Stock Exchange's AIM market. Its shares are also traded in the United States on the OTCQX through a sponsored ADR facility. Further information on the Company can be found at www.siriusminerals.com.
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Sirius Minerals