Sirius Minerals Plc Issue of Equity (0278G)
February 27 2015 - 2:00AM
UK Regulatory
TIDMSXX
RNS Number : 0278G
Sirius Minerals Plc
27 February 2015
27 February 2015
Sirius Minerals Plc
Issue and Allotment of Ordinary Shares following Exercise of
Conversion rights
The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY)
("Sirius" or the "Company") hereby announce that the Company has
received notices of exercise in respect of convertible securities
previously issued on 23 January 2014 at a conversion price of 6.4p
per share, the details of which were announced to the market on 12
August 2013 pursuant to which 6,250,000 ordinary shares (the
"Relevant Shares") fall to be issued. Application has therefore
been made for the Relevant Shares to be admitted to trading on AIM
with admission expected to take place on 2 March 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 1,902,506,890 ordinary
shares with voting rights. This figure of 1,902,506,890 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) Raj Khatri 3037 2000
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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