Sirius Minerals (LSE:SXX)
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RNS Number : 8034J

Sirius Minerals Plc

10 April 2015

10 April 2015

Sirius Minerals Plc

End of Conversion rights from Convertible Security Financing

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") announce the end of conversion rights pursuant to the convertible security financing first announced to the market on 12 August 2013.

This follows the Company receiving notices of exercise in respect of convertible securities previously issued on 23 January 2014 at conversion prices of 7.3p and 7.4p per share, the details of which were announced to the market on 12 August 2013 pursuant to which 8,135,877 ordinary shares (the "Relevant Shares") fall to be issued. An application has therefore been made for the Relevant Shares to be admitted to trading on AIM with admission expected to take place on 15 April 2015. The Relevant Shares will rank pari passu in all respects with all existing ordinary shares in the Company.

Following admission of the Relevant Shares, the Company's enlarged issued share capital will comprise 2,164,092,181 ordinary shares with voting rights. This figure of 2,164,092,181 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

 
 Sirius Minerals Plc 
  Investor Relations            Email: ir@siriusminerals.com     Tel: +44 845 
                                                                     524 0247 
---------------------------  -------------------------------  --------------- 
 Joint Brokers 
  Liberum Capital Limited       Clayton Bush                      Tel: +44 20 
                                                                    3100 2222 
 Macquarie Capital (Europe)   Ken Fleming,                        Tel: +44 20 
  Limited (NOMAD)              Nick Harland,                        3037 2000 
                               Nick Stamp 
 WH Ireland                   Adrian Hadden                       Tel: +44 20 
                                                                    7220 1666 
---------------------------  -------------------------------  --------------- 
 Media Enquiries              Jos Simson, Mike                    Tel: +44 20 
  Tavistock                    Bartlett,                            7920 3150 
                               Emily Fenton 
---------------------------  -------------------------------  --------------- 
 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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