Sirius Minerals Plc Approvals update - planning officer report (1229N)
May 14 2015 - 2:01AM
UK Regulatory
TIDMSXX
RNS Number : 1229N
Sirius Minerals Plc
14 May 2015
14 May 2015
Sirius Minerals Plc
Approvals update - planning officer report
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY)
("Sirius" or the "Company") provide an update on the approvals
process for the York Potash Project.
Further to the announcement of 8 May 2015, the Company has been
informed by planning officers at the North York Moors National Park
Authority ("the Authority") about the report that will be presented
to members of the Authority at its proposed special planning
committee meeting on 30 June 2015.
Planning officers have informed the Company that the report is
likely to include an 'open recommendation' for the Authority's
members to consider, which means that it will be for the members to
make a determination based on the relevant planning considerations.
The report will be publicly available via the Authority's website
at least five working days prior to the meeting and will also be
published on the Company's website.
Chris Fraser, Managing Director and CEO of Sirius,
commented:
"We are very pleased to be heading towards a decision by the
members and have confidence in the strength of our planning case,
the huge levels of support for the application and the many wide
ranging economic benefits that the Project will deliver to the
local area and to the country at large."
Temporary trading suspension
In line with the Company's previous approach for the Redcar and
Cleveland Borough Council planning meeting, the Directors have
requested that the Company's ordinary shares be suspended from
trading at 7:30am on 30 June 2015, the date of the Authority's
special planning committee meeting, pending the outcome of that
meeting. The suspension has been requested because the decision
will be taken at a public meeting during trading hours 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 decision being announced.
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
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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
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