Sirius Minerals (LSE:SXX)
Historical Stock Chart

From Apr 2019 to Apr 2024

TIDMSXX

RNS Number : 4341O

Sirius Minerals Plc

28 May 2015

28 May 2015

Sirius Minerals Plc

Warrants Update - Block Listing Application

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") provide notification that a block listing application has been made to the London Stock Exchange for the admission to trading on AIM of up to 179,351,029 ordinary shares in the Company (the "Block Listing Shares").

As part of the finance raising by the Company on 6 March 2014, warrants were issued to participants in that raising. The Block Listing Shares are the total number of shares that would be issued pursuant to the exercise of all of those warrants issued. If all the warrants are exercised, the shares that would be issued would represent approximately 8.29% of the current issued share capital.

The application for the admission of the Block Listing Shares, being all of the shares that potentially could be issued pursuant to the exercise of warrants, has been made to AIM in advance for ease of administration as some warrants have now begun to be exercised. Block Listing Shares will be issued from time to time pursuant to the exercise of warrants by individual warrant holders during the relevant exercise period. The Company will update the total shares on issue on its website on a regular basis.

The Block Listing Shares will be issued credited as fully paid and will rank pari passu in all respects with the existing common shares of the Company. It is expected that the block admission will become effective on 2 June 2015 and that shares will be issued and admitted pursuant to the exercise of any warrants within 5 trading days following a valid exercise of the warrants.

Income from the warrant payments will be used to fund the ongoing development work for the York Potash Project.

Further information relating to the warrants, including in relation to how to exercise the warrants, can be found on the Company website: www.siriusminerals.com/investors/warrantsand background is available via the Company's 'Results of Placing' announcement which was made on 6 March 2014.

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

END

MSCPKODBKBKBPPB